[SMM PV] Diversified Development: First Enters the Supply Chain of China's Leading PCB Enterprises

Published: May 27, 2026 13:34

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As the industry leader in PV film, First, in addition to its film business, achieved operating revenue of 818 million yuan in its electronic materials segment in 2025, up 13.73% YoY, with a gross margin of 20.70%. Its photosensitive dry film products are developing rapidly and have entered the supply chains of leading PCB enterprises in China, serving areas such as AI servers and forming a new growth driver.

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