Movement Alert|CFMEE Rises 3.11% in Regular Trading, H1 Earnings Nearly Double as Brokerages Reiterate Buy Ratings

Market Focus
Sep 11

On September 11, CFMEE rose 3.11% in regular trading, trading at 343.0 HKD/share, with turnover of approximately 77.76 million HKD, bucking a broadly weaker Semiconductor Equipment sector.

On the news front, Shanghai Securities issued a mid-year report review on September 10, maintaining a Buy rating and expressing confidence in the company's high-end PCB product iteration and advanced packaging volume growth. The company's H1 results showed revenue of 1.106 billion yuan, up 68.95% year-over-year, while net profit attributable to shareholders reached 281 million yuan, surging 98.13%. Q2 standalone net profit grew 59% quarter-over-quarter, with gross margin expanding to 42.5%. The core PCB business contributed 880 million yuan in revenue, up 85.4% year-over-year. Over the past 90 days, 10 institutions have issued ratings on the stock, with 9 recommending Buy and an average target price of 519.23 yuan.

Within the Semiconductor Equipment sector, the broader group traded lower. Among peers, ASMPT fell 2.06%, GCL TECH fell 2.82%, XINYI SOLAR fell 2.11%, SICC fell 3.09%, and EPIWORLD fell 0.3%.

(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.)

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