On July 23, CCTC rose 3.06% in regular trading, trading at 102.3 HKD/share, with turnover of HKD 3.91 million. The stock rebounded from the prior session's profit-taking decline, driven by the company's significantly enlarged share buyback.

On the news front, CCTC executed a major buyback on July 22, repurchasing 1.8935 million A-shares via the Shenzhen Stock Exchange at prices ranging from RMB 101 to RMB 110.43 per share, spending approximately RMB 200 million in a single day. This represents a more than fivefold increase from the initial buyback day on July 21, when the company spent roughly RMB 31.48 million on 296,000 shares. Treasury shares have since risen to 7.323 million shares.

The board previously approved a buyback plan of RMB 450 million to RMB 900 million. Combined with a profit alert forecasting H1 net profit growth of 45% to 65% year-over-year — driven by MLCC price recovery and surging demand for optical communication components amid global data center expansion — the accelerated buyback pace signals strong management conviction in the company's intrinsic value.

(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.)