Changes in Hong Kong stocks | Sanhuan Group (06951) rose more than 5%, MLCC set off a price wave during the year, and the industry moved from price cycle to structural shortage

The Zhitong Finance App learned that Sanhuan Group (06951) rose by more than 5%. As of press release, it had risen 5.48% to HK$130.9, with a turnover of HK$13.937 million.

According to the news, MLCC has set off a wave of price increases since this year, and this round of price increases was first ignited by overseas leaders. Japan's Murata, Taiyo Yuden, and South Korea's Samsung Electric have successively issued price increase letters. The original high-capacity MLCC manufacturers used in AI servers generally increased 15% to 35%. Furthermore, Samsung Electric has disclosed a number of MLCC AI servers since May 2026. Huafu Securities believes that Changxie reflects a long-term tense trend, and that AI servers have turned the cycle beta into structural alpha.

In the first half of this year, Sanhuan Group achieved revenue of 6.423 billion yuan, an increase of 54.82% over the previous year; net profit to mother was 1,932 billion yuan, an increase of 56.18% over the previous year. The company's semi-annual report revealed that MLCC benefited from increased customer recognition and industry sentiment in the first half of the year. Prices of some specifications were restored to their original reasonable value, and sales volume and sales both achieved significant year-on-year growth.