On June 9th, the electronic fabric concept stock Grace Fabric Technology Co.,Ltd. (603256.SH) announced that shareholder SHARPTONE intends to sell up to 9.0459 million shares, representing 1% of the total share capital, through a centralized bidding method due to funding needs. Concurrently, shareholder UNICORNACE plans to sell up to 18.0917 million shares, representing 2% of the total share capital, via a block trade method, also for funding requirements. The sale window is within three months, starting 15 trading days after the announcement date.
As of March 31st, UNICORN ACE LIMITED and SHARP TONE INTERNATIONAL LIMITED were the second and third largest shareholders of Grace Fabric Technology, holding 3.18% and 2.87% of shares, respectively.
Public information indicates that Grace Fabric Technology is a high-tech enterprise primarily engaged in the research and development, production, and sales of mid-to-high-end electronic-grade glass fiber fabric. The company's main products are the mid-to-high-end electronic-grade glass fiber fabric series, which mainly includes ultra-thin, super-thin, and thin electronic-grade glass fiber fabric.
Electronic fabric, the full name being electronic-grade glass fiber fabric, is a critical material in the electronics industry. It is primarily used in the manufacturing of copper-clad laminates and printed circuit boards, which are then applied in various electronic products such as data center servers and smartphones.
This year, the explosion in demand for computing power has driven a significant increase in the price of electronic fabric. By early June, the commonly used specifications of electronic fabric in the market had completed five rounds of price hikes within the year, with the average price reaching 7.4 yuan per meter. Compared to the low point in the third quarter of last year, this represents a 100% increase.
It is noteworthy that Grace Fabric Technology's stock hit the daily limit-up today, closing at 207.34 yuan per share. With a total market capitalization of approximately 187.6 billion yuan, the planned share sales by the two aforementioned shareholders could potentially raise over 5 billion yuan.
Additionally, the company's stock price has accumulated a gain of over 460% since the beginning of this year. Over the past year (250 trading days), the cumulative increase has reached a staggering 2025%.
In terms of financial performance, Grace Fabric Technology's first-quarter report for 2026 shows that the company achieved operating revenue of 442 million yuan, a year-on-year increase of 79.72%. Net profit attributable to shareholders reached 140 million yuan, marking a 354.22% increase compared to the same period last year.
On April 9th, the company released its 2025 annual performance report. The data revealed that Grace Fabric Technology achieved operating revenue of 1.171 billion yuan in 2025, a year-on-year increase of 40.31%. Net profit attributable to shareholders was 202 million yuan, surging 785.55% year-on-year. Net profit after deducting non-recurring gains and losses was 196 million yuan, an increase of 3542.90%.
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