HK Stock Market Move | Chaozhou Three-Circle (Group) (06951) rises over 5% as AI drives MLCC prices soaring, with spot goods speculated up to 10 times the original price.

Chaozhou Three-Circle (Group) (06951) rose over 5%, up 5.1% as of press time, at HK$146.3, with a turnover of HK$68.2072 million. On the news front, according to CCTV Finance, entering June, the MLCC spot market entered a hot state of "one price a day, even one price an hour," with some popular models rising 7-8 times in just one month, and spot goods being speculated up to 2-10 times the original price. This round of price increases was first ignited by overseas leaders. Japan's Murata, Taiyo Yuden, and South Korea's Samsung Electro-Mechanics successively issued price increase letters, with original manufacturers' increases for high-capacity MLCCs used in AI servers generally ranging from 15% to 35%. In the first half of this year, Chaozhou Three-Circle (Group) achieved revenue of 6.423 billion yuan, a year-on-year increase of 54.82%; net profit attributable to the parent company was 1.932 billion yuan, a year-on-year increase of 56.18%. The company's semi-annual report disclosed that in the first half, MLCC benefited from improved customer recognition and industry prosperity, with prices for some specifications recovering to their original reasonable value, and both sales volume and sales revenue achieving significant year-on-year growth.