Movement Alert｜Guanghe Technology Falls 3.17% in Regular Trading, Continued Pullback from Annual High Amid Large-Scale Financing and Cost Pressure

Market Focus06-24

On June 24, Guanghe Technology (01989.HK) fell 3.17% in regular trading, trading at 163.5 HKD/share, with turnover of 71.63 million HKD.

On the news front, the stock has been under sustained selling pressure after hitting a near one-year high of 206.66 HKD on June 17. The company recently unveiled a massive expansion plan including a 3.6 billion yuan convertible bond issuance targeting cloud computing PCB capacity expansion and high-multilayer production line upgrades, alongside a 6 billion yuan Dongguan Smart Manufacturing Headquarters project. The combined financing scale of nearly 10 billion yuan has weighed on market sentiment.

Additionally, a Citibank research report highlighted that major copper-clad laminate suppliers capacity growth of just over 20% significantly lags downstream PCB expansion, concentrating pricing power upstream and intensifying cost pass-through pressure for PCB manufacturers. The company reported Q1 revenue growth of 71.35% and net profit growth of 63%, but near-term share price remains pressured by technical pullback from elevated levels and upstream cost squeeze.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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