On September 23, CCTC rose 4.36% in regular trading, trading at HKD 138.8 per share, with turnover of HKD 23.63 million.
On the news front, JPMorgan Chase increased its long position in CCTC H shares from 9.93% to 10.02% on September 17, purchasing approximately 70,300 H shares via off-market transactions at an average price of HKD 123.49 per share, totaling roughly HKD 8.68 million. Meanwhile, JPMorgan's short position edged up slightly from 0.50% to 0.54%.
The rally also reflects ongoing momentum in the MLCC spot market, where prices for select high-demand models have surged 7 to 8 times within a single month, with spot prices reaching as high as 2 to 10 times original levels. CCTC reported first-half revenue of RMB 6.42 billion, up 54.82% year-over-year, with net profit rising 56.18% to RMB 1.93 billion, driven by MLCC volume and price recovery. Additionally, the company's extraordinary general meeting on September 21 approved registered capital changes and an employee stock ownership plan with near-98% shareholder support.
(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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