On July 2, Shenghong Technology declined 10.13% in regular trading, trading at HKD 306.6/share, with turnover of HKD 462 million.

The decline was driven by a broad-based selloff across the PCB sector. Peers KB Laminates fell 12.15% and Kingboard Holdings dropped 10.77%, reflecting significant sector-wide selling pressure. The company's A-share had already declined 5.65% on July 1, with bearish sentiment carrying over into the Hong Kong session.

Market rumors circulating since late June that NVIDIA demanded PCB manufacturers cut prices by 10% continue to weigh on sector sentiment, despite the company having clarified that operations remain normal and product pricing is stable. Additionally, prior cumulative gains in the stock have intensified short-term profit-taking pressure. The company recently disclosed that its Huizhou Factory-4 project is in the ramp-up and mass production phase, with in-hand orders remaining full and high-end PCB supply still tight, but these positives were insufficient to offset the prevailing bearish momentum.

(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.)