TIANLI HOLDINGS (00117) surged over 43% again, with cumulative gains exceeding 600% for the month. As of press time, the stock rose 32.82% to HK$2.59, with a turnover of HK$84.5568 million.

On the news front, according to TrendForce, NVIDIA's VR200NVL72 servers are expected to use approximately 600,000 MLCCs, over 30% more than the existing GB300 platform, covering voltage specifications ranging from 2.5V to over a thousand volts. CITIC Securities noted that MLCCs are widely used in servers and optical modules, and are poised to benefit from opportunities in both volume and price due to upgrades such as increased server power, vertical power supply, and 800V systems.

Public information indicates that Yuyang Technology, a wholly-owned subsidiary of TIANLI HOLDINGS, serves as the core operating entity for the group's MLCC business. Yuyang Technology is one of the leading companies in China's MLCC industry, recognized as a national-level "Little Giant" specialized and innovative enterprise and a high-tech enterprise. Its MLCC production capacity ranks among the largest in China and the top seven globally, with ultra-miniaturized MLCCs accounting for over 95% of its output, placing it first in the world.