Institutional Research | AI Electronic Cloth + Commercial Spaceflight + Lithium Batteries + Wind Energy. This company's fiberglass products are increasing in both volume and price. The new generation of base membrane has already achieved mass production capability.

On April 8, multiple listed companies issued announcements on investor relations activity record sheets, disclosing their respective business exchanges with institutions. These disclosures revealed many progress updates and highlights in the company’s business deployment.

Sinoma Science & Technology: With new production capacity released in the second half of the year, sales of specialty fiber fabric are expected to increase to some extent

At a recent earnings briefing, Sinoma Science & Technology said that in 2025, the company’s total sales were 19.17 million meters of specialty fiber fabric. This year, as new production capacity is released in the second half of the year, specialty fiber fabric sales are expected to increase to some extent.

In terms of capacity, Sinoma Science & Technology’s total plan exceeds 100 million meters, including three newly built projects with combined capacity of 94 million meters. Among them, the 35 million-meter project in the first phase is expected to begin phased commissioning in the second half of this year. The other two projects will be commissioned in phases next year.

According to the introduction, Sinoma Science & Technology’s subsidiary Taishan Glass Fiber Research & Development has been developing specialty fiber products for eight years. At present, the only company whose product categories cover four types of full-range products and that has completed head-customer certifications and bulk supply is Taishan Glass Fiber.

The financial report shows that in 2025 Sinoma Science & Technology’s operating revenue exceeded 30 billion yuan, up 26% year over year; its net profit attributable to shareholders was 1.82 billion yuan, up 104% year over year. The company said that the core drivers of performance growth were optimization of the structure of glass fiber products and a year-over-year increase in prices. Sales of wind power blade products grew significantly, and the operating quality of its three main businesses improved across the board. Revenue increased steadily, product structure continued to optimize, and gross margin and net margin improved significantly.

Regarding the lithium battery separator business, Sinoma Science & Technology said that its 5μm lithium film product has achieved mass production and has become a main supplier in the market. The development of its second-generation 5μm ultra-thin high-strength base film has been completed and has entered the final stage of testing, with mass-production capability.

“Our blade industry’s Brazil base is now fully commissioned and has achieved stable delivery. Our Central Asia base has been formally established and is under construction.” Regarding the wind power business, Sinoma Science & Technology said the company places great importance on overseas markets for wind power blades. On the one hand, it will accelerate the construction of overseas production bases and the development of overseas leading customers. On the other hand, it will strengthen cooperation with domestic strategic customers to increase the share of blades exported from China.

On future strategic directions, Sinoma Science & Technology said that overseas development is the company’s “second-curve” layout direction—advantaged enterprises going beyond their domestic borders. Currently, the leading industries, including wind power blades, glass fiber, and lithium battery separators, are either industry leaders or leading enterprises with competitiveness. At the same time, the company will rely on research institutes and national key laboratories to expand application scenarios for fiber composite materials in areas such as commercial aviation, new energy vehicles, hydrogen energy, wind power, and marine engineering.

Sinoma Science & Technology focuses on three major tracks: specialty fibers, composite materials, and new energy materials. It concentrates its advantageous resources to vigorously develop three main leading industries: glass fiber and related products, wind power blades, and lithium battery separators. Meanwhile, it also engages in research, manufacturing, and sales of high-pressure composite gas cylinders, membrane materials, and other composite material products.

China International Capital Corporation (CICC)’s latest research report noted that as a comprehensive supplier of high-end glass fabric, the company currently has capabilities in the specialty glass fabric segment, including production of first-generation and second-generation low-dielectric products, low-expansion yarn, and quartz fabric. In the future, as new production lines release capacity, profitability contributions from this business are expected to improve.

In the secondary market, Sinoma Science & Technology’s share price rose 7.52% today, with a cumulative increase of 11.36% over the last five trading days.

SuperChip Electronics: Strengthen the layout of PCB production capacity for high-end AI products

At an earnings briefing held yesterday, SuperChip Electronics said that in 2026, in addition to continuing to maintain traditional advantage areas such as automotive boards, the company will actively advance the expansion project for Thailand AI compute power high-end printed circuit boards, strengthen its layout of PCB production capacity for high-end AI products, and seize industry opportunities driven by both AI and storage.

SuperChip Electronics said the company will continue to leverage the complementary advantages of its three main production bases—Kunshan, Huangshi, and Thailand—to deepen strategic cooperation with leading global customers, actively expand leading customers in the AI and storage fields, and strive to become a high-efficiency printed circuit board manufacturing service provider that exceeds customer expectations.

The financial report shows that in 2025, the company achieved revenue of 4.75B yuan, up 15.25% year over year, reaching the best level in history. “This growth benefits from the company’s deep accumulation in the field of high-end HDI products, and it is inseparable from the rapid ramp-up of storage and products related to network communications.” SuperChip Electronics said that its storage and network communication products achieved significant growth in 2025, deeply aligning with the explosive growth in AI compute power and storage demand.

Looking ahead, SuperChip Electronics said the company will continue to focus on cost reduction and efficiency improvement, deepen refined management, accelerate the high-end product layout at its Thailand plant, and strive to create long-term value for shareholders while consolidating its existing business.

SuperChip Electronics’ main business is the research, production, and sales of printed circuit boards. In a research report earlier released by Huajin Securities, it said that the company is one of the world’s major automotive electronics PCB suppliers, with a rich product matrix, and that its technology can meet needs in areas such as autonomous driving and intelligent cockpits. The company is expected to benefit from trends in the electrification and intelligentization of automobiles.

In the secondary market, SuperChip Electronics’ share price hit the daily limit up today, and since March it has accumulated an increase of 15.55%.

（Source: Eastmoney Research Center）