On September 2, CCTC fell 3.64% in regular trading, trading at HKD 106.0 per share, with turnover of approximately HKD 31.57 million, marking multiple consecutive sessions of decline.
The pullback follows the company's recently disclosed half-year results, which showed strong performance with revenue of RMB 64.23 billion, up 54.82% year-over-year, and net profit attributable to shareholders of RMB 19.32 billion, up 56.18% year-over-year, driven by MLCC product recognition gains and rising optical communication demand. However, the stock had accumulated significant gains prior to the earnings release, reaching a post-listing high of HKD 133.2 on August 13, and has been under sustained selling pressure as investors lock in profits following earnings delivery.
Additionally, Temasek Holdings reduced its position by 391,300 shares on August 17 at approximately HKD 132.43 per share, lowering its stake to 6.88%, which weighed on market sentiment. The company has been actively conducting share buybacks, with cumulative repurchases reaching approximately 21.02 million A-shares, representing 1.05% of total share capital, totaling RMB 1.922 billion.
(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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