Jiangsu Sidike New Materials Sci Te

Sidike, stock code 300806, plans to have its wholly owned subsidiary Xingyuantai implement the construction of an annual production capacity of 103,000 tonnes of high-end functional BOPET base film expansion project, with a total investment of about 1.652 billion yuan. The project will mass-produce MLCC release film base film, polarizer release and protective film base film, and other series of high-end functional BOPET substrate products, mainly serving downstream fields such as microelectronic MLCC manufacturing, specialty optical devices, and precision PCB circuits. In other company news on the same day, Huaqin Technology said its supernode products achieved first shipment in the second quarter and entered a rapid volume ramp-up phase in the third quarter. Yibo Technology's wholly owned subsidiary Zhuhai Yibo Electronics plans to add investment in the second phase of a PCB board plant project, with total new investment not exceeding 800 million yuan. Xingyun Technology's wholly owned subsidiary Changsha Xiangshuyun Technology signed an intelligent computing resource leasing service contract with a VE customer, with a tax-inclusive total amount of 872 million yuan. In addition, Fosun Pharma's controlling subsidiary Henlius signed a collaboration and license agreement with Amberstone, obtaining exclusive licenses for two T-cell engager products, and will pay upfront payments, research and development expenses, and development and regulatory milestone payments totaling up to 236 million US dollars, plus sales milestone payments of up to 652 million US dollars.

Sidike announced on the evening of September 23 that it plans to invest in a high-end functional BOPET base film expansion project with an annual capacity of 103,000 tonnes, with total investment estimated at about 1.652 billion yuan. The project will be implemented by its wholly owned subsidiary Jiangsu Xingyuantai New Material Technology Co., Ltd., located in Sihong, Jiangsu, with a construction period of 1.5 years. Funding will come from Xingyuantai's own capital and self-raised funds. The project aims to mass-produce multiple series of high-end functional BOPET substrate products, including MLCC release film base film, polarizer release and protective film base film, photosensitive dry film base film, general release and protective film base film, and window film base film, mainly serving downstream sectors such as microelectronic MLCC manufacturing, specialty optical devices, precision PCB circuits, smart terminal protection, automotive and building energy-saving window films, and industrial precision protection. The investment still needs to be submitted to the company's shareholders' meeting for approval before implementation, and requires approval or filing procedures from relevant government departments for project registration, environmental impact assessment, energy conservation review, safety evaluation, and fire protection acceptance. The 2026 interim report shows that in the first half of the year, the company achieved operating revenue of 1.593 billion yuan, up 14.11 percent year on year, and net profit attributable to shareholders of the listed company of 46.0118 million yuan, up 82.38 percent year on year.

Sidike announced on the evening of September 23 that it plans to invest 1.652 billion yuan to build an expansion project with annual capacity of 103,000 tonnes of high-end functional BOPET base film, with products mainly suited to microelectronics MLCC manufacturing and other fields. On the same day, Sunwave Communications plans to raise no more than 992 million yuan through a private placement for projects including an integrated satellite-terrestrial communication system; Hangyang plans to invest 50 million yuan in Xinghuan Juneng; and Sanxing Electric's subsidiary won a 132 million US dollar contract for a US data centre energy storage oil-immersed transformer project. Shandong Hi-Speed Road and Bridge Group's controlling shareholder and persons acting in concert plan to increase their shareholding by 450 million to 900 million yuan, Anges' actual controller proposed a share buyback of 35 million to 70 million yuan, and ST Yilianzhong will have its other risk warning removed from September 28 and will suspend trading for one day on September 24. On that day, institutional research reports issued a total of 21 buy-type rating records covering 21 stocks, of which 5 stocks have upside potential exceeding 20 percent, with TCL Technology having the highest upside potential at 62.27 percent.

Three major copper-clad laminate producers have raised prices in succession, driving PCB-related stocks to strengthen against the market trend. At the end of August, Kingboard Laminates issued its seventh price increase letter this year, raising FR-4 copper-clad laminate prices by 10 percent across the board, adjusting prepreg prices by specification, and raising thin fabric prices by up to 20 percent. Panasonic then announced it would raise copper-clad laminate prices from September 1, with some products up by as much as 30 percent, and Nan Ya Plastics followed with increases of 20 to 25 percent. Boosted by this, Goldenmax International surged to its daily limit up, closing the morning session at 76.45 yuan, with more than 180,000 lots locked on the limit-up board, turnover exceeding 3.7 billion yuan, and a total market value of 55.6 billion yuan. Yihao New Materials rose by the 20 percent daily limit, GD-Goworld posted a strong run of two limit-up moves in four sessions, and Sihui Fushi, Sdic, and Wanyuan Tong rose more than 10 percent, while China Jushi and Founder Technology also advanced. According to a China Securities Journal report on September 9, several electronic fabric companies and downstream copper-clad laminate producers said the market has shown relatively good acceptance of the new round of price increases, that electronic fabric supply is somewhat tight, and that leading companies are actively expanding capacity, with new projects expected to come on stream this year and next, at which point price trends will need further market confirmation.

Sidike released its semi-annual report for 2026, achieving operating revenue of 1.593 billion yuan, up 14.11% year on year; net profit attributable to shareholders of the listed company was 46.0118 million yuan, up 82.38% year on year. The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserve into share capital. According to calculations, the company's net profit for the second quarter was 31 million yuan, up 102% quarter on quarter.

On the afternoon of August 21, the MLCC concept rebounded in volatile trading, with Sinocera Materials rising more than 10%, and Sidike, Torch Electron, Boqian New Materials, Three-Circle Group, Fenghua Advanced Technology and other stocks among the top gainers. Behind the market action is the sustained price increase in the MLCC spot market that began in June 2026. As of August 2026, spot prices for ordinary standard products have risen more than 20%, while high-capacitance products such as 10 microfarad and 20 microfarad types used in AI servers have seen average increases of 60% to 80%, and some special models have doubled in price. Overseas leaders' earnings further confirm incremental AI computing demand. Murata's revenue in the second quarter of 2026 was 502.3 billion yen, up 20.7% year on year, and operating profit was 98.85 billion yen, up 59.8% year on year, with both revenue and profit setting record highs for a second quarter. Its MLCC business revenue was 282.508 billion yen, up 30% year on year, with orders in hand up 49.4% quarter on quarter and new orders up 85.5% year on year. Murata raised its full-year revenue guidance for fiscal 2026 to 2.11 trillion yen, an upward revision of 7.7% from its previous forecast, and added 80 billion yen specifically for expanding server MLCC production capacity. Samsung Electro-Mechanics reported second-quarter revenue of about 3.46 trillion won, up 24.2% year on year and a record quarterly high, with operating profit of 440.4 billion won, up 106.7% year on year. Institutions broadly expect this cycle to persist. Sealand Securities believes the shortage is spreading to consumer products, and the supply-demand gap for high-capacitance MLCCs may widen further in 2027. GF Securities notes that the current MLCC industry cycle is still in the early stage of an upcycle, and there may still be considerable room for price and profit elasticity to play out.

The dividend implementation season for listed companies has entered a dense phase, with six companies marking their equity registration date today. Among them, Fosun Pharma offers the most generous cash payout at 0.39 yuan per 10 shares, followed by Xinfengguang and Top Energy Company, with 0.22 yuan and 0.18 yuan per 10 shares respectively. In terms of share conversion ratios, Sidike and Xinfengguang both lead with a conversion of 4.00 shares for every 10 shares held. Statistics show that among the 3,652 companies that have announced distribution plans for 2025, 3,641 include cash dividends, with a total cash payout of 1.59 trillion yuan, and 401 include share conversions.