HK Stock Market Move | Chaozhou Three-Circle (Group) (06951) surged over 9% in early trading as Samsung Electro-Mechanics signed a large order for MLCCs, confirming that the MLCC industry continues to show a positive outlook.

Chaozhou Three-Circle(Group)(06951) surged over 9% in early trading. As of the time of writing, it has increased by 9.08%, trading at HKD 117.7, with a transaction volume of HKD 99.5831 million. In terms of news, Samsung Electro-Mechanics announced on September 1 that it has signed a long-term supply agreement worth 1.0722 trillion Korean won (approximately 5.269 billion RMB) with a globally renowned company to supply multi-layer ceramic capacitors (MLCC) for its AI servers. This represents the companys largest MLCC supply contract to date, equivalent to 9.5% of its consolidated revenue last year. Additionally, Samsung Electro-Mechanics has proactively raised its quotes for OEM and ODM customers for the fourth quarter of 2026. Caitong released a research report stating that with the growth in MLCC sales, price recovery, and the gradual release of new production capacity for high-capacity products, Chaozhou Three-Circle(Group)'s product structure and profitability are expected to further improve. MLCC will continue to be a key source of performance growth for the company in the future. Furthermore, as downstream demand for SOFC (Solid Oxide Fuel Cells) increases and overseas production capacity gradually materializes, the company is expected to leverage its advantages in ceramic materials and large-scale manufacturing to continuously open up a second growth curve.