Changes in Hong Kong stocks | On the day after the listing of Sanhuan Group (06951), the intraday price of MLCC increased by more than 15%, and the price of MLCC was slightly differentiated, and high-capacity MLCCs continued to rise

The Zhitong Finance App learned that Sanhuan Group (06951) continued to rise the day after listing, with an intraday increase of more than 15%. As of press release, it rose 7.43% to HK$112.8, with a turnover of HK$559 million.

According to the news, recently, news of a drop in MLCC prices came out in the market. A reporter from the Shanghai Securities News asked MLCC agents for evidence. The agents generally stated that the prices of medium- to low-capacity MLCCs have indeed been fine-tuned downward, and that the prices of high-capacity and ultra-high-capacity MLCCs have not been reduced. Take Sanhuan Group's “TCC0603X5R106M6R3CT”, an ultra-high-capacity MLCC product, as an example. An agent in Huaqiangbei said it was not in stock yet. The last shipment was on June 17 this year. The price without tax at the time was 50 yuan/1,000 pieces; another Sanhuan Group agent held this product in stock, and the latest tax-free price reported was 72 yuan/1,000 pieces, which is clearly higher than the price in mid-June this year.

SDIC Securities International released a research report saying that the vertical integration barrier of the three-ring industrial chain is the only domestic electronic ceramic IDM platform that opens up self-research of ceramic powder, homemade special equipment, and component manufacturing; AI computing power drives MLCC volume and price increases, domestic replacement space is vast, and the company continues to expand production of high-capacity vehicle specifications/computing power MLCCs; industry leaders in multiple segments, optical fiber ceramic inserts and MT multi-pin inserts account for 70%/85% of the global market.