On July 7, Manyu Technology (00894.HK) fell 8.37% in regular trading, trading at HK$4.39/share, with turnover of HK$14.06 million. The decline extends a sustained pullback from the stock's 52-week high of HK$8.58.

The electronic components sector faced broad-based selling pressure. Among sector peers, KB Laminates fell 8.6%, Kingboard Holdings fell 9.14%, VGT fell 5.15%, Sunny Optical fell 0.36%, and Lens Technology fell 1.6%.

The stock had previously surged over 900% from early May to early June, driven by AI computing power demand boosting capacitor orders and successive price hikes by Japanese and domestic aluminum electrolytic capacitor manufacturers. However, the company's latest annual net profit was only HK$6.25 million, down 20.1% year-over-year, with its dynamic price-to-earnings ratio standing at approximately 494 times, reflecting a significant divergence between valuation and fundamentals.

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