Movement Alert|CCTC Rises 3.81% in Regular Trading, MLCC Spot Prices Surge Up to 10x Amid AI-Driven Demand

Market Focus09-22

On September 22, CCTC rose 3.81% in regular trading, trading at 138.4 HKD/share, with turnover of approximately 43.4 million HKD. The stock extended gains after hitting a record high of 152.70 HKD in the previous session.

The rally was fueled by a continued surge in MLCC spot market prices. Since June, the MLCC spot market has entered a frenzy with prices changing as frequently as hourly. Some popular models have surged 7 to 8 times in a single month, with spot prices reaching up to 10 times their original levels. The company disclosed in its interim report that MLCC sales volume and revenue both posted significant year-over-year growth, benefiting from improved customer recognition and rising industry demand driven by AI applications.

Additionally, MLCC leader Murata recently announced plans to discontinue certain MLCC product lines, prompting concerns over widening supply-demand gaps for high-capacitance MLCC through 2028. On September 21, CCTC shareholders approved proposals for registered capital changes and a new A-share employee stock ownership plan of up to 5 million shares. The company reported H1 revenue of 6.423 billion yuan, up 54.82% year-over-year, with net profit rising 56.18% to 1.932 billion yuan.

(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.

Comments

We need your insight to fill this gap
Leave a comment