PCB概念午后走强 大族数控(03200)涨18.81% AI算力驱动PCB行业升级

金吾财讯
May 13

金吾财讯 | PCB概念午后走强,大族数控 (03200) 涨 18.81%,建滔积层板 (01888) 涨 4.36%,胜宏科技 (02476) 涨 2.67%,广合科技 (01989) 涨 1.13%,建滔集团 (00148) 涨 1.07%。

消息面上,AI算力基础设施建设加速推进,PCB行业迎来结构性增长机遇。东吴证券指出,AI算力需求井喷正从量与质两大维度重塑PCB产业链价值。量的层面,英伟达H200 GPU服务器大规模部署后,单台AI服务器PCB用量较传统服务器增长3-5倍,价值量提升8-12倍,其在AI服务器中的成本占比也从传统的3%-5%跃升至8%-12%。技术层面,英伟达预计2026年下半年量产的Rubin服务器将采用M9级CCL基材,将直接推动HVLP4铜箔、碳氢树脂、Low-Dk电子布等高端材料需求进入爆发期,为产业链提供长期增长动力。

公司层面,受益于下游需求攀升及原材料涨价,覆铜板(CCL)价格持续上行。4月28日,建滔集团宣布CCL涨价10%,这是其4月3日首次涨价10%后月内第二次提价,彰显头部企业较强的成本转嫁能力。此外,胜宏科技在机构调研中表示,公司当前在手订单饱满,生产交付正常,但随着PCB产品层数、板厚增加及材料等级提升,制造工艺要求提高,高端产能消耗显著增加。公司计划巩固核心客户合作,深化与科技巨头战略合作,扩大GPU加速卡、TPU配套板供应规模,其ASIC相关客户业务进展顺利,有望成为业绩增长核心动力,把握AI算力建设带来的发展机遇。

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