On August 21, CCTC rose 3.18% in regular trading, trading at HKD 113.9/share, with turnover of HKD 15.87 million.
On the news front, the stock continued its technical recovery following a sharp 9.69% decline on August 19 in Hong Kong and an 11.61% plunge on the A-share market, where main capital recorded a net outflow of RMB 1.654 billion. The rebound is supported by a positive institutional earnings preview ahead of the company's board meeting on August 27 to review interim results. Consensus estimates project Q2 revenue of RMB 3.023 billion, up 30.53% year-over-year, with EPS expected to grow 35.68% year-over-year.
Fundamentally, the company officially announced a 30% price increase on high-end MLCC products effective September 1, with all historical orders voided. Its H1 net profit attributable to shareholders is guided at 45% to 65% growth year-over-year, underpinned by strong AI-driven demand and supply tightness in the MLCC industry chain.
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