On July 24, CCTC declined 3.03% in regular trading, trading at 97.65 HKD/share, with turnover of approximately 15.31 million HKD.

The decline comes as the stock continues to retrace gains from its sharp 11% surge on July 21, when the company issued a profit alert forecasting first-half net profit growth of 45% to 65% year-over-year. Despite management accelerating A-share buybacks — spending approximately 261 million yuan on July 23 and 200 million yuan on July 22 — the Hong Kong-listed shares have struggled to hold above the IPO price of 100.3 HKD since the July 9 listing, with new share selling pressure yet to be fully absorbed.

Sector headwinds added further drag, as electronic components stocks fell broadly. KB Laminates dropped 6.88%, Kingboard Holdings fell 6.18%, and Shenghong Technology declined 4.09%, reflecting broad-based weakness across the industry. JPMorgan Chase also reduced its stake by 362,200 shares on July 16, adding institutional selling pressure to near-term sentiment.

(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.)