> 数据图表一起讨论下AIPCB上游核心材料：PCB 扩产带动上游需求2026-1-4AIPCB上游核心材料：PCB 扩产带动上游需求细分行业大陆公司东材科技圣泉集团德福科技铜冠铜箔逸豪新材隆扬电子202444.7100.278.147.214.42.9树脂HVLP铜箔石英玻璃布中材科技239.8宏和科技国际复材菲利华南亚新材8.373.617.433.6覆铜板生益科技203.9资料来源： WIND，上海证券研究所*盈利预测来自WIND机构一致预期PCB材料相关标的收入（亿元）归母净利润（亿元）YoY19.6%9.9%19.5%24.7%12.6%8.5%-7.4%26.2%2.9%-16.7%12.7%22.9%2025Q1-338.080.785.047.312.22.9217.08.564.113.836.6206.1YoY17.2%12.9%59.1%47.1%18.3%39.5%29.1%37.8%19.0%5.2%49.9%39.8%20241.88.7-2.5-1.6-0.40.88.90.2YoY-44.5%9.9%-284.8%-1009.0%-17.9%-15.0%-59.9%136.1%-3.5-164.9%3.10.517.4-41.6%138.9%49.4%2025Q1-32.87.60.70.6-0.20.814.81.42.73.31.624.4YoY19.8%30.8%132.6%162.5%-36.4%55.2%143.2%1696.4%273.5%42.2%180.8%78.0%PE（2026E）41167395010124125296136349上海证券科技传媒
