36Kr learned that a research report from CITIC Securities pointed out that ABF film is a core material in the advanced packaging industry chain with a very low localization rate in China, high barriers to entry, and significant market potential. We believe that the acceleration of ABF substrate localization and the development of domestic high-performance servers will drive the localized supply of materials, and the localization process of ABF film may accelerate. We are optimistic about ABF film material companies with material iteration capabilities and recommend Hongchang Electronics, which actively promotes ABF localization in collaboration with Jinghua Technology
