Analysis of the Strong Performance of Zhongfu Circuit (300814): Industry Drivers and Short-Term Risk Observation

This analysis is based on the strong stock pool information from tushare_strong_pool. Zhongfu Circuit (300814) performed strongly on November 24, 2025, with its stock price once hitting the 20% limit-up and closing at a 16.06% increase to 86.44 yuan [0]. The cumulative deviation of涨幅 over three consecutive trading days exceeded 30%, triggering market attention [1].

The company mainly engages in the R&D, production, and sales of printed circuit boards (PCBs), covering single-sided, double-sided, multi-layer, high-frequency and high-speed boards [4], and is a national high-tech enterprise [4]. This strong performance mainly benefits from the demand-driven prosperity of the PCB industry in high-boom application fields such as AI servers, 5G communications, and new energy vehicles [0]. Strong downstream demand has promoted the overall prosperity of the industry, and the company has gained market attention as a related concept target [1].

1. Industry Trend and Company Relevance
   : The high prosperity of the PCB industry is the core driving factor, and emerging fields such as AI servers have shown significant growth in demand for high-end PCB products [0];
2. Market Sentiment Impact
   : The company has received high attention from investors on platforms like Xueqiu, and short-term sentiment has driven the stock price to rise rapidly [3];
3. Information Disclosure Status
   : The company has issued an announcement stating that its operating conditions are normal and there are no major matters that should be disclosed but have not been disclosed [2].

• Short-term stock price volatility risk: After continuous sharp rises, it may face callback pressure [0];
• Industry competition risk: The PCB industry is highly competitive, and changes in the company’s market share need attention [4];

• Sustained industry demand: Long-term demand in AI and new energy fields is expected to support the company’s performance growth [1];

The short-term strong performance of Zhongfu Circuit (300814) is mainly driven by the high prosperity of the PCB industry and market sentiment. The company has stable fundamentals, but the short-term stock price is highly volatile. Investors need to make rational decisions based on their own risk tolerance. The company has clearly stated no undisclosed major matters [2], and subsequent attention should be paid to changes in industry demand and the company’s performance.