SICC Co's stock surged 5.19% during intraday trading on Wednesday, marking a significant rebound for the semiconductor materials company.
The sharp rise follows the company's annual results briefing where Chairman Zong Yanmin highlighted continuously optimizing industry supply-demand dynamics and revealed that Q1 gross margin improved by 25 percentage points compared to Q4 of the prior year, signaling meaningful operational recovery. Institutional flows also turned supportive with UBS Group increasing its H-share holdings to 5.07% while JPMorgan reduced its short position, bolstering market confidence.
The company maintains its dominant position with 51.3% global market share in 8-inch SiC substrates, providing fundamental strength amid recent market corrections driven by profit-taking and questions over the SiC demand narrative in advanced packaging.