On August 28, CFMEE fell 4.08% in regular trading, trading at 358.6 HKD/share, with turnover of approximately 59.53 million HKD. The decline comes after the stock surged over 8% the previous day following the release of strong H1 results.
On the news front, the semiconductor equipment sector broadly weakened, with ASMPT down 3.08% and SICC down 2.33%, while overseas peers including Applied Materials and Lam Research also faced sustained selling pressure. The company disclosed its interim results on August 26, reporting H1 revenue of RMB 1.106 billion (up 68.95% YoY) and attributable net profit of RMB 281 million (up 98.13% YoY), with gross margin improving from 40.5% to 42.5% and operating cash flow swinging to a net inflow of RMB 326 million from a net outflow of RMB 102 million. Despite the strong fundamentals, the stock had rallied sharply from approximately 254 HKD to above 400 HKD in recent weeks, creating significant profit-taking pressure that, combined with deteriorating sector sentiment, triggered the pullback.
(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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