HK Stock Market Move | Chaozhou Three-Circle (Group) (06951) rose over 10%, reaching a new. The company is expected to be the first to benefit from the spillover effect of MLCC orders.

Chaozhou Three-Circle (Group) (06951) surged over 10% in early trading, reaching a new high of HK$133.2. As of the time of this report, it is up 9.33%, trading at HK$131.2, with a transaction volume of HK$124 million. In terms of news, Chaozhou Three-Circle (Group) previously announced a positive earnings forecast, expecting a net profit attributable to shareholders of between RMB 1.794 billion and RMB 2.041 billion for the first half of 2026, representing a year-on-year increase of 45% to 65%; the net profit attributable to shareholders, excluding non-recurring items, is anticipated to be between RMB 1.653 billion and RMB 1.92 billion, reflecting a year-on-year growth of 55% to 80%. Calculations indicate that the companys net profit attributable to shareholders in the second quarter increased by at least 27% quarter-on-quarter on a high base, surpassing the RMB 1 billion mark for a single quarter. Shengang Securities stated that the demand for high-end MLCCs driven by AI is leading Japanese and Korean leading manufacturers to shift production capacity towards high-end specifications, and with the increase in penetration rates of intelligent driving, domestic manufacturers are expected to benefit from order overflow and domestic market share replacement. Domestic manufacturers capable of mass-producing high-capacity, high-voltage, automotive-grade MLCCs are likely to be among the first beneficiaries. The mid-year performance forecasts of leading domestic companies indicate a favorable year-on-year growth, and for Chaozhou Three-Circle (Group), certain specifications of its MLCC products have seen a price recovery to their reasonable values, with significant year-on-year increases in both sales volume and sales revenue.