Several listed companies are expanding production of high-performance carbon fiber products.

On June 3rd, many high-performance carbon fiber concept stocks surged. There are reports that China has made a major breakthrough in the research and development of high-performance carbon fiber technology. Shanghai Petrochemical, in cooperation with Shanghai Petrochemical Research Institute, has successfully overcome the key technology of wet process T1000-grade high-performance carbon fiber, realizing mass production. In response, an unnamed executive of a listed company told reporters that "T" represents tensile strength, and the higher the tensile strength level, the higher the application scenarios. The surge in high-performance carbon fiber concept stocks on June 3rd was mainly due to the market's positive expectations for the high-performance carbon fiber field. Several listed companies had previously announced that they were expanding production of high-performance carbon fiber products.