CITIC Securities: It is expected that the carbon fiber industry chain will enter a new growth cycle in 2025

CITIC Securities research report indicates that after a period of slow development, the overall carbon fiber industry chain is expected to see a significant improvement in performance and orders in the upstream sector starting from Q3 2024. Recently, major contracts have been signed by related companies, reflecting a positive expectation for the rapid increase in production of key downstream models in the future. We anticipate that starting from 2025, the entire industry chain will enter a new growth cycle alongside the rapid ramp-up of key models in the downstream aviation sector, and the performance of related companies in the industry chain will also enter an upward trajectory