HK Stock Market Move | TIANLI HOLDINGS (00117) rebounded after hitting bottom, with an increase of nearly 8%. The demand for high-end MLCCs is expanding, and the stocking of consumer channels is heating up.

TIANLI HOLDINGS(00117) dropped more than 13% in early trading, but recovered and rose nearly 8% during the day. As of the time of writing, it is up 4.67% at HK$6.05 with a trading volume of HK$1.18 billion. According to the latest survey from TrendForce, strong demand for AI chips has led to a tight supply and demand for high-end MLCCs, squeezing the supply of consumer-grade MLCCs. This has prompted some distributors to stock up preventively, leading suppliers to respond with price adjustments. Recent negotiations between ODMs and suppliers also indicate that the average price drop for MLCCs has hit a nearly three-year low, signaling a turning point in the MLCC price cycle towards an upward reversal. Public information shows that Yuyang Technology, a wholly-owned subsidiary of TIANLI HOLDINGS, is the core operating entity of the group's MLCC business. Yuyang Technology is one of the major companies in the domestic MLCC industry, recognized as a national specialized and new "little giant" and a high-tech enterprise. Its MLCC production capacity ranks among the largest in China and top seven globally, with over 95% market share in ultra-miniature MLCCs, making it the world's leading producer.