Analysis on market competition pattern of Listed Companies in China’s copper clad laminate industry in 2021

 

1、 Summary of Listed Companies in China’s copper clad laminate industry

 

Copper clad laminate is a kind of plate-like material made by impregnating electronic glass fiber cloth or other reinforcing materials with resin, covering one or both sides with copper foil and hot pressing. As the substrate material in the manufacturing of printed circuit board, copper clad laminate mainly plays the role of interconnection, conduction, insulation and support for printed circuit board, and affects the transmission speed of signal in the circuit Energy loss and characteristic impedance have a great impact. Therefore, the performance, quality, processability in manufacturing, manufacturing level, manufacturing cost, long-term reliability and stability of printed circuit board largely depend on copper clad laminate.

 

At present, there are a large number of Listed Companies in China’s copper clad laminate related industrial chain, which are distributed in all links. Specifically include:

 

Upstream copper foil listed companies: Jiayuan Technology (688388), Chaohua Technology (002288), Nord (600110), Tongling Nonferrous Metals (000630);

 

Listed companies of glass fiber cloth: China Jushi (600176), Honghe Technology (603256), Sinoma Technology (002080), Changhai Co., Ltd. (300196);

 

Epoxy resin listed companies: Sinopec (600028), Sanmu group (000632), Dongcai Technology (601208);

 

Midstream CCL listed companies: Shengyi Technology (600183), Nanya Xincai (688519), Huazheng Xincai (603186), ultrasonic Electronics (000823), Chaohua Technology (002288), Jin’an Guoji (002636), Jiantao laminate (01888. HK), Hongchang Electronics (603002), Zhongying Technology (300936), foster (603806), gosbel (002848) and fangbang shares (688020);

 

Listed companies of downstream printed circuit board PCB: Pengding Holdings (002938), Dongshan precision (002384), Shennan circuit (002916), Hudian (002463), Jingwang Electronics (603228), Founder Technology (600601), Shenghong Technology (300476), ultrasonic Electronics (000823), Chongda Technology (002815), Shengyi Electronics (688183), aoshikang (002913), Bomin Electronics (603936), Hongxin Electronics (300657) and World Games circuit (603920), Eaton Electronics (603328), Zhongjing Electronics (002579), Guangdong Junya (603386), Kexiang Co., Ltd. (300903), agili industry (01639. HK), Mingyang circuit (300739), Chaohua Technology (002288), AoHong Electronics (605058), Sihui Fushi (300852), etc.

 

2、 Comparison of business layout of Listed Companies in China’s copper clad laminate industry

 

From the business layout of Listed Companies in China’s copper clad laminate industry, except for enterprises with the whole industrial chain layout of copper clad laminate such as ultrasonic electronics and Chaohua technology, most enterprises account for more than 60% of the revenue of copper clad laminate, and from the proportion of domestic and foreign sales, China’s listed enterprises of copper clad laminate are dominated by the layout of domestic market, supplemented by the layout of overseas market. In the development of copper clad laminate business, it can be seen that most companies take product research and upgrading and production line construction as the important work of the company’s copper clad laminate business in 2020.

 

3、 Comparison of business performance of Listed Companies in China’s copper clad laminate industry

 

From the comparison of the performance and production and marketing scale of CCL listed companies in China’s CCL industry, Jiantao laminate and Shengyi technology are the industry leaders of CCL in China, and their CCL business revenue scale is much higher than that of other enterprises: in 2020, the sales volume of Jiantao laminate CCL was about 138 million square meters, and the CCL revenue was about HK $13.023 billion; The sales volume of Shengyi technology copper clad laminate is about 102.5358 million square meters, and the revenue of copper clad laminate is about 10.849 billion yuan. From the gross profit margin, we can see that the gross profit margin of copper clad laminate products is generally high, and the gross profit margin of high-end products such as high-frequency and high-speed copper cl

 

4、 Comparison of business planning of Listed Companies in China’s copper clad laminate industry

 

It can be seen from the CCL business planning of Listed Companies in China’s CCL industry that in 2021, Jiantao laminate, Jin’an Guoji, Huazheng new material and other enterprises will mainly plan to build production lines and release production capacity; There are also ultrasonic electronics, gosbel and other enterprises with the main goal of product R & D and promoting the industrialization of scientific research achievements; And Hongchang electronics and other enterprises decided to develop the market as the main plan.


Post time: Nov-19-2021