[Tianfeng Electronics] Reiterating CCL Investment Opportunity

English summary

### [Tianfeng Electronics] Reiterating CCL Investment Opportunity Time: 2026-07-31 11:49:55 Content: The prosperity continues to rise, and the price slope accelerates: As we enter July, multiple CCL companies have issued price increase letters. After price increases, the trial acceptance from downstream is very high. #Multiple over-adjustments indicate recognition of the supply-demand gap! View: Sharp pullback brings an excellent investment opportunity. Core FR4/CCL companies have a forward PE of around 10 times next year. After unit price increases, each price increase raises the absolute value, accelerating profitability. Valuation safety plus high profit growth, reiterating the sector investment opportunity❗️❗️❗️❗️❗️❗️ Price increases may last the whole year, and the shortage of 7628 cannot be solved: 7628 is still about two price increases away from a historical high, and there is still distance in time dimension. More importantly, the volume release of second-generation cloth/T-cloth will continue to pressure loom capacity. The voice of upstream industries such as fiberglass cloth/CCL has increased; View: From the time and space dimensions, the market move is not over. ...