On July 3, Guanghe Technology (01989.HK) fell 3.34% in regular trading, trading at 162.9 HKD/share, with turnover of approximately 54.80 million HKD. The decline extends the stock's ongoing correction following a sharp selloff in the prior session when shares plunged over 20%.

On the news front, reports indicate that Samsung Electronics and SK Hynix are negotiating with upstream substrate manufacturers to lower supply prices for the second half of the year. The two memory giants had accepted average price increases of 3%-4% in Q1, but with gold and copper prices stabilizing, they are now pushing to reverse those gains entirely. Industry sources suggest price cuts could take effect as early as next month. The news triggered broad selling across the PCB sector, with peers including KB Laminates and Shenghong Technology also declining.

Additionally, Guanghe Technology had previously surged over 20% on its A-share listing, driven by a 3.6 billion yuan convertible bond expansion plan, a 6 billion yuan Dongguan smart manufacturing headquarters project, and AI computing PCB tailwinds. Significant profit-taking pressure persists, with institutional seats recording substantial net selling in recent sessions, keeping market sentiment subdued.

(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.)