On July 31, CCTC rose 15.09% in regular trading, trading at 106.0 HKD/share, with turnover of 59.34 million HKD.
On the news front, the company announced on July 30 that its first A-share buyback program has been fully completed, having repurchased 8.547 million shares for a total of 895 million RMB, with prices ranging from 99.10 to 110.50 RMB per share. Simultaneously, the board approved a second buyback program with a funding ceiling of 1 billion RMB. Additionally, Samsung Electro-Mechanics is set to implement an approximately 30% price increase across its entire MLCC product line effective August 1, directly benefiting CCTC as a leading domestic MLCC manufacturer poised for volume and price growth.
The electronic components sector rallied broadly, with KB Laminates up 18.53%, Delton up 22.14%, VGT up 12.18%, and Kingboard Holdings up 11.08%, reflecting strong sector-wide momentum supporting individual stock performance.
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