Downstream demand has significantly rebounded, and many copper foil companies have full orders

With the recovery of the industry's prosperity, listed companies in the copper foil industry have generally achieved a significant year-on-year improvement in performance for the first three quarters. As of October 28, among the listed companies in the copper foil industry that have disclosed their Q3 2025 reports, companies such as TGCF, Defu Technology, and Zhongyi Technology have turned losses into profits in net profit for the first three quarters year-on-year, while companies like Hengtong and Yinglian have seen positive year-on-year growth in net profit for the first three quarters. Nord has significantly reduced its net loss for the first three quarters. Benefiting from the rapid development of industries such as artificial intelligence (AI) and solid-state batteries, the copper foil industry as a whole is showing signs of recovery, mainly reflected in increased demand, rising prices, and accelerated technological iteration, leading to improved performance for domestic copper foil companies. (Securities Daily)