Yunzhong Technology (688260) Strong Performance Analysis: Driven by AI Hardware Boom and Market Prospects

This analysis is based on the event that Yunzhong Technology (688260) entered the strong stock pool released by tushare_strong_pool [0]. As a STAR Market semiconductor enterprise, Yunzhong Technology mainly engages in ceramic packaging substrates, MLCC, and CIS image sensors [4]. Recently, it has performed strongly driven by the AI hardware upgrade boom. Its stock price rose significantly on November 28, 2025 [3], benefiting from the surge in demand for AI server cabinets (expected to reach over 60,000 units by 2026 [1]) and the upgrading trend of the PCB/substrate value chain.

Yunzhong Technology’s business layout aligns with the demand for AI hardware upgrades: its core products, ceramic packaging substrates and MLCC, are key components for high-speed interconnection in AI servers [4]. In 2025, the STAR Market semiconductor sector continues to attract capital attention, with themes like AI and robotics becoming market hotspots [0], driving the performance of related concept stocks. Morgan Stanley predicts that AI technology hardware will experience explosive growth in 2026 [1], further supporting the company’s long-term development. Additionally, the upgrading of the PCB/substrate value chain promotes product value enhancement [0], boosting expectations for the company’s profitability.

1. Industry Structural Opportunities
   : The upgrade of AI hardware not only drives demand for direct semiconductor devices but also promotes the revaluation of upstream packaging materials and substrate technologies [1]. Yunzhong Technology’s product matrix occupies a strategic position in the AI supply chain.
2. Sector Synergy Effect
   : As a gathering place for technology enterprises, the STAR Market’s investment enthusiasm in semiconductor and AI themes provides a favorable market environment for the company [0].
3. Long-term Growth Potential
   : The expected explosion in AI server demand in 2026 [1] will continue to drive the growth of demand for the company’s core products.

• AI Hardware Demand Explosion
  : The demand for AI server cabinets is expected to surge from 28,000 units in 2025 to over 60,000 units by 2026 [1], directly driving demand for ceramic packaging substrates and MLCC.
• Sector Popularity Support
  : The STAR Market semiconductor sector continues to be favored by capital [0], and the company, as a related enterprise in the sector, will benefit.

• Increased Industry Competition
  : The semiconductor packaging field is highly competitive, and the rapid pace of technological iteration may affect the company’s market share [0].
• Market Volatility Risk
  : AI concepts are undergoing a rational regression process [0], and short-term stock prices may fluctuate due to market sentiment.
• Global Supply Chain Adjustments
  : Nearly 90% of foreign investment flows to U.S. semiconductor production capacity [2], which may lead to changes in the global supply chain pattern and affect the company’s raw material supply or market demand.

Yunzhong Technology’s strong performance mainly stems from the industry trend of AI hardware upgrades, with its core products occupying an important position in the AI server supply chain. The popularity of the STAR Market sector and semiconductor theme investment provide market environment support. In the long run, the expected explosive growth of AI hardware [1] will continue to support the company’s development, but attention should be paid to uncertainties brought by industry cycle fluctuations, competition risks, and global supply chain adjustments.