On September 30, CCTC fell 3.3% in regular trading, trading at 126.4 HKD/share, with turnover of approximately 68.80 million HKD. The stock continued to face selling pressure following the clearance disposal by Huafeng International, a subsidiary of Huafeng Shares.

Huafeng International, which participated in CCTC's Hong Kong IPO as an anchor investor and was allocated 781,300 H-shares, has already sold 420,900 shares through the secondary market and intends to dispose of the remaining 360,400 shares. The announcement, disclosed on September 24, triggered a nearly 5% drop on September 28, compounded by JPMorgan's reduction of 84,900 shares on September 21. Although the stock rebounded over 5% on September 29 following reports of Samsung Electro-Mechanics securing approximately 4 trillion KRW in cumulative AI server MLCC long-term supply agreements, the recovery proved short-lived.

Notably, CCTC's H-share price had hit a post-listing high of 152.7 HKD on September 21, driven by the MLCC upcycle. The company reported robust first-half results with revenue of 6.423 billion RMB, up 54.82% year-over-year, and net profit of 1.932 billion RMB, up 56.18%. Its high-capacity MLCC expansion project has reached 49.91% investment progress.

(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.)