Changes in Hong Kong stocks | Sanhuan Group (06951) rose more than 7% in the afternoon, and the price of high-capacity MLCC products increased, and it is unlikely that the company will achieve a breakthrough in core indicators

The Zhitong Finance App learned that Sanhuan Group (06951) rose more than 7% in the afternoon. As of press release, it had risen 5.86% to HK$104.8, with a turnover of HK$260 million.

According to the news, there is a structural shortage of MLCCs, and the price of high-capacity MLCC products has risen 5% in a single day, and it is expected that they are difficult to find. Sanhuan Group mentioned in its prospectus that the company has achieved a high end MLCC dielectric layer thickness of about 1 μm, and the number of stacked layers has reached more than 1,000 layers, laying the foundation for entering high-end scenarios such as AI data centers and automotive electronics. A person from the securities department of Sanhuan Group said, “Currently, this ultra-high technical specification has been applied to the company's products, but the specific application products and production scale cannot be disclosed.”

Wanlian Securities released a research report saying that demand for AI computing power, new energy vehicles, etc. is driving rapid growth in demand for high-end MLCCs, and the market size is steadily increasing. Leading global manufacturers have raised the prices of AI and vehicle regulation products, and the industry as a whole is expected to enter a boom cycle. It is recommended to focus on leading domestic manufacturers with forward-looking layout of high-end MLCC products, which are expected to have strong profit recovery flexibility when the industry recovers.