On July 3, China National Building Material rose 5.89% in regular trading, trading at HKD 5.17/share, with turnover of approximately HKD 90.04 million.

The rally was driven by the confirmed implementation of significant price hikes by electronic cloth major Fuqiao Industry, which officially raised prices by 15%-30% effective July 1. Specifically, standard E-glass electronic cloth for traditional PCB applications saw a 30% increase, while low-dielectric products for AI servers rose 15%. The company confirmed multiple mainstream product models have zero inventory and cannot accept new orders.

China National Building Material is positioned to benefit through its dual fiberglass assets — controlling stake in Zhongcai Technology (whose subsidiary Taishan Fiberglass leads in specialty electronic cloth) and a 29.22% stake in China Jushi, the world's largest electronic cloth producer with 23% global market share. Institutions broadly expect the supply-demand tightness to persist through year-end, as high-end weaving equipment delivery cycles exceed 12-18 months and upstream electronic yarn inventories sit at historical lows. Huatai Securities recently designated the stock as a key recommendation within the electronic cloth investment theme.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)