Stock Track | SICC Plummets 6.19% Intraday Amid Financial Losses, Industry Challenges and Shareholder Selling Plans

Stock Track

May 19

SICC's stock plummeted 6.19% during intraday trading on Tuesday, extending a correction from recent weeks. The sharp decline follows a significant monthly surge of over 80% that had previously triggered abnormal trading alerts.

The sell-off reflects multiple headwinds facing the company. SICC reported a full-year net loss attributable to shareholders of 208 million yuan, with first-quarter losses continuing at 60.5 million yuan. The silicon carbide (SiC) substrate industry remains in a challenging "volume-up-price-down" pattern, with intensifying competition putting downward pressure on product pricing.

Additionally, industry experts have publicly questioned the demand logic for silicon carbide in 2.5D advanced packaging applications, undermining a key growth narrative. Compounding the pressure, certain shareholders have disclosed plans to reduce their holdings by up to 2.20% of total share capital, prompting sustained profit-taking after the stock's recent substantial gains.

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The sharp decline follows a significant monthly surge of over 80% that had previously triggered abnormal trading alerts.</p><p>The sell-off reflects multiple headwinds facing the company. SICC reported a full-year net loss attributable to shareholders of 208 million yuan, with first-quarter losses continuing at 60.5 million yuan. The silicon carbide (SiC) substrate industry remains in a challenging \"volume-up-price-down\" pattern, with intensifying competition putting downward pressure on product pricing.</p><p>Additionally, industry experts have publicly questioned the demand logic for silicon carbide in 2.5D advanced packaging applications, undermining a key growth narrative. Compounding the pressure, certain shareholders have disclosed plans to reduce their holdings by up to 2.20% of total share capital, prompting sustained profit-taking after the stock's recent substantial gains.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02631","symbol_name":"天岳先进","start_time":0,"source_url":"","article_id":"1115615470","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1115615470","pubTimestamp":1779154712,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"SICC's stock plummeted 6.19% during intraday trading on Tuesday, extending a correction from recent weeks. 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