On June 10, SICC (02631.HK) fell 5.12% at open, trading at 92.6 HKD/share, with trading volume of HKD 1.63 million.

The decline came after the stock surged over 10% in the prior session on June 9, driven by bullish SiC industry fundamentals including capacity utilization exceeding 90% at major substrate manufacturers. The sharp rally triggered immediate profit-taking at open.

The semiconductor sector experienced broad weakness simultaneously, with ASMPT falling 4.53%, Flat Glass down 1.73%, and GCL Technology declining 1.35%. Cross-market sentiment also weighed heavily, as the STAR 50 Index on A-shares dropped 5% in the prior session while SICC's A-share listing fell 7.78%, transmitting bearish pressure to Hong Kong trading. As the global leader in 8-inch SiC substrates with 51.3% market share, the company maintains strong medium-term growth prospects tied to AI data center and new energy demand, but faces short-term technical correction pressure following rapid gains.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)