On July 3, Shenghong Technology rose 3.01% in regular trading, trading at 303.2 HKD/share, with turnover of 379 million HKD. The rebound follows a sharp single-day decline exceeding 13% on July 2, when the entire PCB sector sold off heavily.

The prior-day plunge was triggered by reports that Samsung Electronics and SK Hynix are negotiating with upstream substrate manufacturers to lower supply prices for the second half. Earlier this year, both memory giants had accepted average price increases of 3%-4% from substrate makers due to raw material cost pressures, but with gold and copper prices stabilizing, negotiations have shifted toward price reductions.

Today's recovery appears driven by short-term oversold conditions and the company's relatively strong fundamentals. The company recently disclosed that its Huizhou Factory Four project is in ramp-up production, mSAP workshop orders remain full, and high-end PCB supply remains tight with sufficient downstream demand. However, sector peers KB Laminates and Kingboard Holdings continued to decline, suggesting the broader sector remains under pressure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)