Movement Alert｜CCTC falls 4.4% in Regular Trading, profit-taking persists after strong quarterly results and stake reduction

Market Focus11-02

On November 2, CCTC fell 4.4% in Regular Trading, trading at HK$73.8, with turnover of HK$43.76 million.

The latest publicly reported catalyst points to continued profit-taking after the company posted strong third-quarter results, while a disclosed institutional share sale added to cautious sentiment.

Recent disclosures showed the company reported first-nine-month revenue of RMB11.503 billion, up 76.74% year on year, and net profit attributable to shareholders of RMB3.865 billion, up 97.35%; third-quarter net profit rose 167.97%. Despite the earnings beat and a maintained buy rating from brokers, subsequent market commentary described gains being cashed out after results. Separately, Morgan Stanley sold 209,000 H shares on October 27 at an average HK$79.869, reducing its long position ratio to 4.86%, below 5%. Earlier reports also noted rising accounts receivable, with the year-on-year increase reaching 86.53%.

(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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