Grace Fabric Technology Co., Ltd.

宏和电子材料科技股份有限公司

Manufactures and sells high-end electronic-grade glass fiber fabric, including ultra-thin and low Dk/Df fabrics used in CCL and IC packaging substrates, serving GPU, CPU and smartphone supply chains globally. Ranked first globally in ultra-thin and super-thin fabric revenue in 2025 with 20.5% market share.

Filings

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Matters the filing discloses

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• Customer concentration
• Supplier concentration
• Overlapping customers and suppliers
• Distribution model
• Raw material and commodity prices
• Particular sales arrangements
• Key long-term agreements
• Seasonality and cyclicality
• Losses and path to profitability
• Working capital: receivables, prepayments and cash cycle
• Inventory level and ageing
• Non-recurring gains and losses
• Related-party transactions and balances