Goldenmax International Technology Ltd

A recent in-depth supply chain survey by Cailian Press found that surging AI server demand combined with tight industry capacity is intensifying the supply crunch for upstream PCB base materials, electronic yarn and electronic fabric. High-end electronic yarn remains extremely hard to source, and some manufacturers are shifting capacity toward high-margin categories such as ultra-thin fabric, extremely thin fabric, and specialty fabric, causing spot shortages and price increases even for ordinary electronic fabric. In the first half of this year, the electronic fabric industry completed five rounds of price increases. Thick fabric prices have now doubled from the end of last year. Data from Zhuochuang Information show that in August, the mainstream market average price of domestic G75 electronic yarn rose to 19,700 to 20,000 yuan per tonne, up nearly 53 percent from the end of May. The mainstream transaction price of traditional 7628 electronic fabric rose to 10 to 10.2 yuan per metre, a month-on-month increase of 17 to 18 percent. Cumulative gains this year for thin and ultra-thin fabrics such as 2116 and 1080 have exceeded 140 percent. Liu Yang, an analyst at Zhuochuang Information, said that under the siphon effect of AI demand, leading companies are proactively cutting conventional 7628 electronic fabric capacity and shifting to thin fabric and low-dielectric high-frequency specialty fabric, creating a situation where the supply-demand gap for conventional fabric is widening while high-end specialty fabric is severely out of stock. The industry is currently in a state of almost zero inventory. In response, listed companies including China Jushi, Sinoma Science and Technology, CPIC, Jujie Microfiber, and Goldenmax International Technology are accelerating capacity deployment. Quartz fiber electronic fabric, known as Q fabric, which suits high-frequency and high-speed application scenarios, is the main deployment direction. Among them, Feilihua is expected to achieve sales revenue of 150 million yuan from quartz electronic fabric in the first half of this year, and Honghe Technology's Q fabric has passed downstream customer certification and already has small-volume sales. Many interviewees believe that as the AI computing infrastructure wave continues, short-term supply of PCB upstream base materials such as electronic yarn and electronic fabric will remain tight. Because new capacity takes a long time to come online, combined with cost support and downstream demand resonance, product prices are expected to rise further.

China National Chemical Corporation announced that the total value of contracts signed from January to June 2026 reached 209.49 billion yuan. At the macro level, Ministry of Finance data shows that stamp duty revenue from securities transactions in the first half of the year was 154.9 billion yuan, up 97.3 percent year on year. China Securities Regulatory Commission Chairman Wu Qing met with Graham, President of Canada Pension Plan Investment Board, and the two sides exchanged views on topics including investing in China's capital market. Beijing State-owned Capital Operation and Management Company said it has invested nearly 10 billion yuan in the stock market. At the company level, a subsidiary of Jereh Group signed a 1.465 billion US dollar contract for the supply of gas turbine generator sets. A subsidiary of China XD Group won bids totaling about 4.129 billion yuan for State Grid procurement projects. Goldenmax International plans to invest about 2 billion yuan in a capacity expansion project in Zhuhai.

Jereh Oilfield Services announced that its subsidiary has signed a gas turbine generator supply contract worth approximately 9.95 billion yuan with a well-known international cloud service provider. Today, the three major A-share indices closed mixed. The Shanghai Composite Index ended at 3,867.03 points, up 0.07 percent, while the Shenzhen Component Index and the ChiNext Index fell 1.42 percent and 3.23 percent respectively. Total market turnover for the day was about 2.67 trillion yuan. On the sector front, precious metals led the gains, while gaming and electronic chemicals were among the biggest decliners. In addition, several companies released important announcements after the market close. Ronbay Technology reported a first-half net profit of 109 million yuan, turning around from a loss a year earlier, with its lithium manganese iron phosphate business running at full production and full sales. Goldenmax International Technology plans to invest about 2 billion yuan in a capital increase and production expansion project in Zhuhai. Biwin Storage Technology's chairman proposed a share buyback of 200 million to 250 million yuan, with all repurchased shares to be cancelled to reduce registered capital. Yisheng Livestock and Poultry Breeding's first-half net profit surged 4,897 percent year-on-year, and it plans to distribute 1.5 yuan per 10 shares.