Through a review of the 2026 semi-annual reports of six integrated glass fiber and product listed companies and the financial situation of the past ten years, Huatai Securities concluded that there are three important trends in the development of the domestic glass fiber industry: 1. Electronic cloth is becoming an important factor driving the differentiation of the glass fiber industry, and the popularity of electronic applications is expected to continue; 2. As new production capacity for looms and yarn ends is being implemented one after another, special electronic cloth is entering an accelerated release period; 3. The average import price of electronic yarn and electronic cloth continues to rise, and domestic replacement of special electronic cloth is expected to rise rapidly. Looking ahead to the second half of 2026, it is recommended to focus on two main lines: 1. Supply restrictions for ordinary electronic cloth will shift from cloth to yarn end, focusing on the integration of yarn and cloth; 2. Continue to be optimistic about the sharp rise in volume and price of second-generation low-dielectric and low-CTE specialty electronic fabrics.

Through a review of the 2026 semi-annual reports of six integrated glass fiber and product listed companies and the financial situation of the past ten years, Huatai Securities concluded that there are three important trends in the development of the domestic glass fiber industry: 1. Electronic cloth is becoming an important factor driving the differentiation of the glass fiber industry, and the popularity of electronic applications is expected to continue; 2. As new production capacity for looms and yarn ends is being implemented one after another, special electronic cloth is entering an accelerated release period; 3. The average import price of electronic yarn and electronic cloth continues to rise, and domestic replacement of special electronic cloth is expected to rise rapidly. Looking ahead to the second half of 2026, it is recommended to focus on two main lines: 1. Supply restrictions for ordinary electronic cloth will shift from cloth to yarn end, focusing on the integration of yarn and cloth; 2. Continue to be optimistic about the sharp rise in volume and price of second-generation low-dielectric and low-CTE specialty electronic fabrics.