On September 28, VGT fell 3.06% in regular trading, trading at HK$205.6/share, with turnover of HK$66.74 million. The decline came as the broader PCB sector extended a multi-day collective retreat, compounded by lingering concerns over the company's interim earnings quality.

Within the Electronic Components sector, weakness was widespread. KB Laminates fell 4.11%, Kingboard Holdings dropped 3.95%, Delton slid 5.37%, Ligent lost 1.1%, and Luxshare ICT declined 3.39%. PCB concept stocks have experienced consecutive sessions of broad-based selling pressure.

On the fundamental side, the company's mid-year report revealed that first-half gross margin contracted 3 percentage points year-over-year to 33.2%, while second-quarter non-recurring adjusted net profit declined 5.3%. Notably, inventory surged 119.5% year-over-year to RMB 5.89 billion, far outpacing the 28.8% revenue growth rate, with inventory turnover days rising to 104.9 days. The market continues to digest concerns over core profitability quality and the company's ability to absorb aggressive capacity expansion.

(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.)