HK Stock Market Move | PRODUCTIVE TECH(00650) surged more than 10% in early trading, Yangtze Memory is advancing epic expansion of production, and cleaning equipment is expected to see a simultaneous increase in both quantity and price.

PRODUCTIVE TECH (00650) rose more than 10% in early trading, as of the time of publication, it rose by 9.21% to 0.415 Hong Kong dollars, with a turnover of 8.1934 million Hong Kong dollars. On the news front, Wuhan Yangtze Memory's first-quarter revenue has exceeded 20 billion yuan, achieving double-digit growth year-on-year. With the continuous tight supply and demand of global storage and the surge in demand for high-end storage driven by AI servers, Yangtze Memory is advancing its "epic expansion" plan, building two new wafer factories on the basis of the newly built new factory. After all production is put into operation, the total production capacity will double, and the monthly production capacity of a single factory is expected to reach 100,000 pieces. The factory buildings have been completed. Huaxin Securities released a research report stating that semiconductor manufacturers such as Semiconductor Manufacturing International Corporation, HUA HONG SEMI, and storage companies such as Yangtze Memory and ChangXin Memory are in the expansion cycle, coupled with the sharp increase in advanced process technology steps, directly driving the demand and value of cleaning equipment to rise synchronously. The bank pointed out that PRODUCTIVE TECH has transformed into a hard technology manufacturer that has achieved breakthroughs in high-end process domestic production in the field of semiconductor wet cleaning equipment.