PCB concept stocks advanced significantly during today's trading session. At the time of writing, VGT (02476) rose 7.87% to HK$323.6. KB LAMINATES (01888) increased by 6.63% to HK$37.98. KINGBOARD HLDG (00148) gained 4.36%, trading at HK$47.82. DELTON (01989) was up 2.58% at HK$178.8, while HANS CNC (03200) saw a modest rise of 0.73% to HK$138.7.

The rally follows a price adjustment announcement from KB LAMINATES on April 28. Citing a sharp increase in the cost of raw materials for copper-clad laminates, the company raised prices for its FR-4 laminates and prepreg (PP) products by 10%, effective immediately. This marks the third price hike initiated by the company this year, following previous announcements on March 10 and April 3. Citigroup previously indicated that it expects more frequent average selling price increases from KB LAMINATES as the peak season approaches.

Furthermore, several companies within the PCB industry chain reported outstanding financial results for the first quarter. VGT, a leading PCB manufacturer for AI applications, posted first-quarter revenue of 5.519 billion yuan, a year-on-year increase of 27.99%. Its net profit attributable to shareholders reached 1.288 billion yuan, surging 39.95% compared to the same period last year. Specialized PCB equipment supplier HANS CNC reported a 103.69% year-on-year increase in revenue, with net profit soaring 176.53%. The company attributed its doubled revenue primarily to robust demand for specialized processing equipment used in the AI server PCB market, alongside a growing proportion of sales from its high value-added innovative equipment.