MLS Co Ltd

Baoding Technology disclosed its 2026 half-year earnings forecast, projecting net profit attributable to the parent company of 125 million to 145 million yuan, a year-on-year increase of 468.71% to 559.71%. Even the lower end of the range already exceeds last year's full-year level. Boosted by the news, Baoding Technology hit its daily limit one minute after the market opened, triggering a rally in PCB-related stocks including MLS, Shandong Fiberglass, and Zhongjing Electronics, which also hit their daily limits, while Tianshan Electronics, Mankun Technology, and Nanya New Material followed with gains. The company's profit growth mainly came from its subsidiary Jinbao Electronics, whose copper-clad laminate and electronic copper foil business turned from loss to profit, as well as higher volumes and prices for finished gold products from Hexi Gold Mine. At the industry level, AI computing demand is driving PCB upgrades toward high-layer-count, high-density, and high-speed designs, accelerating capacity expansion for high-end, high-frequency, high-speed PCBs.

MLS's wholly owned subsidiary Xinyu MLS Electronics announced that it will raise prices across all PCB products by 10% to 15% effective July 7, 2026. This marks the company's third PCB price increase in a short period, following a 20% hike on June 12 and another 10% on June 17. The company cited sustained sharp cost increases for copper clad laminates driven by upstream raw material glass cloth, along with tight supply, and warned that板材 will become even scarcer in the third and fourth quarters. The wave of price hikes across the PCB supply chain continues to spread. Major copper clad laminate maker Kingboard Laminates issued its sixth price increase notice of the year, raising prices for FR-4 products by 15%, CEM-1 and 22F by 10%, and PP by 15% for orders placed from that day onward, with copper foil processing fees also adjusted upward. Further upstream, the electronic glass cloth segment is raising prices in tandem. Taiwan-based electronic glass cloth maker Fulltech Fiber Glass will implement a uniform 30% price increase for standard E-glass electronic cloth and a 15% increase for low-dielectric-constant electronic cloth starting July 1, 2026. Industry participants believe that downstream demand from AI servers and other applications continues to grow, while upstream capacity expansion cycles are long. Global delivery lead times for core equipment from Toyota Industries loom have reached 18 to 24 months, with orders booked out to 2028 and beyond. The supply-demand gap is expected to persist, and the electronic glass cloth price hike trend may extend through the end of the year.

MLS controlling shareholder and actual controller Sun Qinghuan has completed a previous shareholding increase plan and now plans to continue increasing his stake by no less than 100 million yuan and no more than 150 million yuan. From May 27 to July 7, 2026, Sun Qinghuan cumulatively increased his holdings by 13.1256 million shares, accounting for 0.8844% of the total share capital, with an increase amount of approximately 150 million yuan. The new increase plan will be implemented within six months from the date of the announcement disclosure through centralized bidding.

Mullinsen's controlling shareholder Sun Qinghuan has increased his stake in the company by 13.13 million shares, and plans to continue buying no less than 100 million yuan and no more than 150 million yuan over the next six months. Sun Qinghuan completed the aforementioned increase through centralized bidding from May 27, 2026 to July 7, 2026, accounting for 0.8844% of the company's total share capital, with an increase amount of approximately 150 million yuan. In the first quarter of 2026, Mullinsen achieved revenue of 4.72 billion yuan and net profit attributable to the parent company of 419 million yuan.

Over the past five trading days, 22 companies saw their shares bought by significant shareholders, with a cumulative increase of 73.756 million shares and a total purchase amount of 603 million yuan. Among them, 10 companies had purchase amounts exceeding 10 million yuan. Changshu Bank topped the list with 186 million yuan, followed by Mulinsen and Joyoung, which ranked second and third with 152 million yuan and 90.0148 million yuan respectively. During the same period, significant shareholders of 96 companies were involved in share reductions, with a total reduction amount of 12.716 billion yuan. The stocks that received insider buying rose by an average of 3.42 percent over the past five days, outperforming the Shanghai Composite Index overall.