CITIC Securities: Copper clad laminate prices are expected to continue rising, optimistic about the future gross profit margin and performance flexibility.

CITIC Securities research report states that by conducting a detailed review of the previous two rounds of copper foil cycles, and comparing them with the current cycle in terms of upstream material prices, downstream demand, industry supply and demand situation, pace of gross profit margin improvement, stock price derivation, etc., it is judged that the current trend of copper foil prices will continue to rise, with potential for gross profit margin to increase by more than 10 percentage points. The report is bullish on the future performance and stock price elasticity of related leading companies.