Movement Alert｜CCTC Intraday Rise 3.96% in Regular Trading, strong third-quarter earnings underpin sentiment

Market Focus10-29

On October 29, CCTC rose 3.96% in Regular Trading, trading at HK$88.25, with turnover of HK$44.41 million.

The clearest catalyst is the company’s newly released third-quarter results, which showed materially accelerated growth in both revenue and profit.

For the first nine months, revenue reached RMB11.503 billion, up 76.74%, while attributable net profit rose 97.35% to RMB3.865 billion and non-recurring adjusted net profit increased 115.76% to RMB3.682 billion. In the third quarter alone, revenue jumped 115.27% to RMB5.079 billion and attributable net profit surged 167.97% to RMB1.933 billion, with the company also stating that demand improved, orders remained full, and some major products achieved both volume and price increases. The board approved the quarterly report on October 28, reinforcing the earnings-driven nature of the move.

(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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