On July 14, Shenghong Technology rose 3.21% in regular trading, trading at 236.0 HKD/share, with turnover of 65.51 million HKD. The rebound was driven by the company's clarification announcement issued on July 13 evening.
The company stated that recent negative rumors circulating online regarding product quality, market share decline, and project progress were severely false. Shenghong Technology emphasized that current orders-in-hand continue to grow, production and shipments are operating normally, and orders from leading customers are steadily increasing. Specifically, AI-related PCB product orders maintain a growth trajectory, with long-term demand already secured for 2027-2028. The company reserves the right to pursue legal action against rumor spreaders.
The stock had previously faced sustained pressure from rumors about NVIDIA Rubin architecture delays and alleged quality-related order losses. An institutional conference call further confirmed the Rubin/Rubin Ultra roadmap remains unchanged, with Q3 orders-in-hand described as sufficient. The official clarification helped restore market confidence, driving an oversold rebound.
(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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