Anhui Tongguan Copper Foil Group Co., Ltd., together with its subsidiaries, engages in the research, development, manufacture, and sales of various electronic copper foils in China and internationally. It offers PCB copper foil, including high temperature high elongation copper foil, reversed surface finish copper foil, high TG halogen-free board copper foil, and low profile copper foil; and lithium-ion battery copper foil, such as copper foil for power batteries and digital batteries. The company was founded in 2010 and is headquartered in Chizhou, China. Anhui Tongguan Copper Foil Group Co., Ltd. operates as a subsidiary of Tongling Nonferrous Metals Group Co., Ltd.
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Tongguan Copper Foil's first-half net profit surges 514.75% year on year
Tongguan Copper Foil disclosed its 2026 semi-annual report on August 26. During the reporting period, it achieved revenue of 4.021 billion yuan, up 34.16% year on year; net profit attributable to the parent company was 215 million yuan, up 514.75% year on year; and net profit attributable to the parent company after deducting non-recurring items was 207 million yuan, up 754.21% year on year. The company plans to distribute a cash dividend of 0.6 yuan per 10 shares, including tax, totaling approximately 49.56 million yuan in cash dividends. The company said the profit growth was mainly due to the recovery of the copper foil industry, with high-end PCB copper foil in short supply. The company optimized its product structure, and the proportion of high-value-added products such as high-frequency and high-speed copper foil increased, with high-frequency and high-speed copper foil output already exceeding 50% of total PCB copper foil output. The industry as a whole has rebounded, and peers such as Jiayuan Technology, Nuode New Materials, Defu Technology, Zhongyi Technology, and Shengyi Technology all posted substantial first-half profit growth. A research report from Soochow Securities estimates that in 2026, the global market demand for high-end copper foil dedicated to AI servers will reach 24,000 tonnes, up 260% year on year; Goldman Sachs expects the global AI server PCB market to reach 84 billion US dollars by 2028.
Tongguan Copper Foil Board Secretary and CFO Wang Junlin Passes Away Due to Illness
Anhui Tongguan Copper Foil Group Co., Ltd. announced that Wang Junlin, the company's board secretary and chief financial officer, passed away due to illness on August 15, 2026. During his tenure, Wang Junlin played an outstanding role in corporate governance, information disclosure, market value management, and financial control. The board of directors fully affirmed his work and expressed deep condolences to his family. As of the date of the announcement, Wang Junlin did not hold any company shares. The company will complete the appointment of a new board secretary and chief financial officer as soon as possible in accordance with prescribed procedures, and will fulfill its information disclosure obligations in a timely manner.
Electronic Fabric Prices Post Largest Single-Month Gain This Year, PCB Concept Stocks Surge Across the Board
On August 4, the A-share PCB concept sector rallied across the board. Zhongjing Electronics hit its daily limit up, while Dongshan Precision, Shengyi Technology, Shennan Circuits, Dongcai Technology, and Tongguan Copper Foil all rose more than 5%. Newly listed Jialichuang surged over 177% intraday on its debut. The rally was directly catalyzed by rising upstream substrate costs. A Citi research report shows that electronic fabric prices recorded their largest single-month increase this year in August, with average prices for the 1080, 2116, and 7628 series rising 17% to 18%, and cumulative gains this year reaching 118% to 165%. AI power supplies are squeezing traditional supply, and costs are being passed on to copper-clad laminates. The spot price including tax for laminates from industry leader Kingboard Laminates may rise another 10% to 15% in August, with the year-to-date average price nearly doubling. China Securities believes that, driven by AI, the global PCB industry is entering a new upward cycle. In 2025, the PCB market space for GPU and ASIC servers has already exceeded 40 billion yuan, and it will surpass 90 billion yuan in 2026, doubling the growth rate. However, capacity expansion is constrained by multiple factors, and the supply-demand balance is unlikely to reverse in the short term.
Typhoon Bavi Strikes Anhui; Four Listed Companies in Chizhou Say Operations Largely Unaffected
Due to Typhoon Bavi, many A-level scenic spots in Chizhou, Anhui were closed, and construction sites, ferry crossings, docks, and industrial and mining enterprises were shut down. However, the four local A-share listed companies — Tongguan Copper Foil, Jiuhua Tourism, ActBlue, and Huaertai — all stated that their production and operations were not significantly affected. A source at Tongguan Copper Foil said production is proceeding normally. The company is the largest listed company in Chizhou by market value, with a total market capitalisation of nearly 100 billion yuan. Jiuhua Tourism said its hotels are operating normally, but the Jiuhua Mountain scenic area was closed to the public on 13 July and is expected to reopen on the 14th. Securities department representatives at ActBlue and Huaertai also separately confirmed that production and operations are normal, with Huaertai saying it was not much affected by the typhoon.
Gotion High-Tech Subsidiary Sells Down Stake in Copper Foil Maker, Cashing Out 829 Million Yuan with Nearly 20-Fold Return
Gotion High-Tech's wholly owned subsidiary Hefei Guoxuan sold 8.3995 million shares of Tongguan Copper Foil through centralized competitive bidding, with the transaction amount reaching 829 million yuan. Preliminary calculations show the profit from this transaction accounts for more than 10% of the company's audited net profit attributable to the parent in the most recent fiscal year. Hefei Guoxuan invested in Tongguan Copper Foil as a strategic investor in 2020 at a cost of about 4.73 yuan per share. The average selling price this time was about 98.72 yuan per share, yielding a return of 1,987.10%. After the reduction, Hefei Guoxuan still holds 10.5316 million shares of Tongguan Copper Foil, with its stake reduced to 1.27%. Tongguan Copper Foil's stock price surged in the first half of 2026 due to booming demand from AI computing infrastructure, with its market capitalization peaking at 165.8 billion yuan and first-quarter net profit attributable to the parent soaring 2,138.17% year-on-year.