On July 28, CCTC fell 4.09% in regular trading, trading at 97.6 HKD/share, with turnover of HK$7.93 million. The decline was driven by a broad selloff across the electronic components sector, with KB Laminates dropping 10.9%, Kingboard Holdings falling 7.25%, and VGT declining 6.06%, creating significant drag on individual stocks.

The company previously issued positive earnings guidance on July 21, forecasting H1 net profit growth of 45%-65% year-over-year, which triggered an intraday surge exceeding 11% in Hong Kong. However, sustained profit-taking has followed. Despite continuous A-share buybacks accumulating over RMB 600 million since July 21, selling pressure from new shareholders following the early-July Hong Kong IPO has not been fully absorbed, compounding sector-wide weakness to pressure the stock in the near term.

(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.)