[Tianfeng Electronics] CCL Fundamentals Update 0727

English summary

View: As August approaches, we are close to the next window for electronic cloth price increases. Currently, upstream fiberglass cloth and CCL are in an accelerated price increase phase. In terms of operating cycle, #CCL performance has just entered a phase of substantial growth, with Shengyi Technology, Jin'an Guoju, and Huazheng New Materials all beating the market's optimistic expectations! This indicates that industry prosperity/company fundamentals are sound. Shengyi Technology / Q2 Beat: 2026H1 net profit attributable to shareholders is RMB 3.099 billion to 3.298 billion, up 117% to 131% yoy. Considering Q1 net profit attributable to shareholders was RMB 1.158 billion, Q2 net profit attributable to shareholders is RMB 1.941-2.040 billion. Jin'an Guoju / Q2 Beat: 2026H1 net profit attributable to shareholders is RMB 730 million to 820 million, up 935%-1063% yoy. Considering Q1 net profit attributable to shareholders was RMB 202 million, Q2 net profit attributable to shareholders is RMB 528-618 million.…