CITIC Securities: Price Increases + Domestic Breakthroughs, Carbon Fiber May Welcome Opportunities

CITIC Securities research report stated that driven by three factors – cost increases leading to product price hikes, a tight balance in high-end supply, and domestic technological progress – the carbon fiber industry is expected to welcome investment opportunities. It is recommended to focus on two main investment themes: improving the earnings center and domestic technological breakthroughs. First, leading domestic enterprises, with their technological barriers and production capacity advantages, are expected to fully benefit from price increases and the expansion of high-end demand. Second, companies with first-mover advantages in domestic technological breakthroughs for T-series and M-series carbon fiber are expected to benefit first.