HAIWEI ELEC (HKEX: 09609) shares have surged nearly 13% in today's session, following a dramatic gain of over 48% yesterday.

As of the latest update, the stock is up 12.91%, trading at HK$11.28 with a turnover of HK$21.26 million.

Market Context

The recent market attention stems from a significant reassessment of AI server bill-of-materials costs by investment banks, which has elevated passive components to the third-largest cost item.

Company Operations

Public information indicates that HAIWEI ELEC is primarily engaged in the research and development, manufacturing, and sales of capacitor base film and metallized film, which are core components of film capacitors.

The company's products are widely used in various sectors, including new energy vehicles, new energy power systems, AI and data centers, industrial equipment, and household appliances.

Financial Breakdown

The company's annual report reveals that capacitor base film constitutes the largest portion of its revenue. For the years 2022, 2023, 2024, and 2025, it accounted for 91.9%, 71.8%, 72.8%, and 78.8% of total revenue, respectively.