CITIC Securities: It is recommended to focus on the layout of advanced packaging and storage packaging processes.

CITIC Securities research report indicated that, against the backdrop of rising raw material prices and increased demand in AI and storage, we believe that the current packaging industry is likely to enter a new round of price increases, and the market attention to advanced packaging is expected to increase driven by domestic demand for algorithm computing power. We recommend focusing on advanced packaging and storage packaging in the current core layout.