On August 18, CCTC rose 3.45% in regular trading, trading at HKD 132.0/share, with turnover of HKD 57.52 million.
On the news front, the company officially issued a price increase notice on August 12, raising prices across its entire high-end MLCC product line by 30%, with all legacy orders voided and new pricing uniformly effective from September 1. Alumina ceramic substrates were also raised by 30% simultaneously. Additionally, the board of directors will convene on August 27 to review and approve interim results for the first half of the year ending June 30.
According to the previously disclosed earnings preview, CCTC expects H1 net profit attributable to shareholders of RMB 1.794 billion to RMB 2.041 billion, representing 45%-65% YoY growth, while non-recurring adjusted net profit is projected to grow 55%-80% YoY. The company noted that MLCC product sales volume and revenue both posted significant YoY increases, driven by improved customer recognition and industry upswing. The broader MLCC sector continues to experience supply tightness, with Samsung Electro-Mechanics having raised MLCC prices by 30% on August 1, further validating the industry-wide repricing trend fueled by strong AI-driven demand.
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