On May 25th, A-share indices collectively rose. As of 10:00 AM, the STAR 50 Index had expanded its gains to 2%.
Chip stocks on the STAR Market rallied significantly. Cambricon Technologies Corporation Limited saw its shares surge nearly 11.6% at one point, setting a new all-time high with its total market value approaching 900 billion yuan. GigaDevice Semiconductor Inc. rose over 5%, and Hua Hong Company Ltd. gained over 7%, with both stocks also hitting new record highs. Additionally, Bolin Electronic Technology Co., Ltd. secured its second consecutive daily limit-up, Huatian Technology Co., Ltd. hit the daily limit-up, Dongxin Semiconductor Co., Ltd. surged over 18%, while SG Micro Corp, Semiconductor Manufacturing International Corporation, Yunhan Xincheng, Tianma New Materials Co., Ltd., and Aisen Semiconductor Co., Ltd. followed with gains.
Analysis suggests strong demand for AI storage is expected to keep storage prices robust. On the supply side, major storage manufacturers are prioritizing bit output for server-related storage products, which may maintain tight supply in the consumer electronics storage segment. According to industry forecasts, Mobile DRAM contract prices are projected to continue rising sharply in the second quarter of 2026. The average selling price for LPDDR4X is expected to increase by at least 70%–75% quarter-over-quarter, while LPDDR5X could see a 78%–83% quarterly increase. This robust price appreciation is likely to continue driving high performance growth for storage manufacturers.
The MLCC (Multi-Layer Ceramic Capacitor) concept opened broadly higher. Fenghua Advanced Technology Holding Co., Ltd. achieved its third daily limit-up in five days, reaching a new historical high, while Yunchip Technology Co., Ltd. rose over 10%. The PCB (Printed Circuit Board) concept showed strength, with Avary Holding (Shenzhen) Co., Limited securing its second consecutive daily limit-up and also hitting a new record high. Tongguan Copperfoil Group Co., Ltd., Shengyi Technology Co., Ltd., Bolin Electronic Technology Co., Ltd., Wus Printed Circuit Co., Ltd., and Nuode Investment Co., Ltd. followed with gains.
Coal stocks experienced a wave of limit-up gains, with Panjiang Coal and Electricity Power Co., Ltd., Huaibei Mining Holdings Co., Ltd., Shanghai Datun Energy Resources Co., Ltd., and Pingdingshan Tianan Coal Mining Co., Ltd. successively hitting the daily limit-up.
The power sector remained active, with Beijing Energy Heating Co., Ltd. achieving its sixth daily limit-up in nine days. Following the trend were Beijing Energy Heating Co., Ltd., Huadian Liaoneng, SDIC Green Energy Co., Ltd., Henan Yueneng Holding Co., Ltd., and Jinneng Holding Shanxi Electric Power Co., Ltd.
The baijiu (Chinese liquor) sector saw a sudden intraday surge. Jinhuiju Liquor Co., Ltd. quickly hit the daily limit-up, marking its second limit-up in four days. Zhongrui Holdings Co., Ltd., Yingjia Distillery Co., Ltd., Huangtai Wine Industry Co., Ltd., Jinzigu Liquor Co., Ltd., and Luzhou Laojiao Co., Ltd. followed with upward movements.
On the downside, oil and gas stocks weakened, with PetroChina Company Limited, China Petroleum & Chemical Corporation, and CNOOC Limited all declining. The battery industry chain experienced adjustments, with Tianji New Material Technology Co., Ltd. touching the daily limit-down. Contemporary Amperex Technology Co., Limited, Weilan Lithium Core, Shenzhen Capchem Technology Co., Ltd., and Huasheng Lithium Battery Technology Co., Ltd. also saw declines.
(Note: The information is for reference only and does not constitute investment advice. Investors should proceed at their own risk.)
Comments