Changes in Hong Kong stocks | Sanhuan Group (06951) rose more than 10% to reach a new listing high. The company is expected to be the first to benefit from the spillover effects of MLCC orders

The Zhitong Finance App learned that Sanhuan Group (06951) rose more than 10% in early trading, reaching a new listing high of HK$133.2. As of press release, it rose 9.33% to HK$131.2, with a turnover of HK$124 million.

According to the news, Sanhuan Group previously announced Yingxi. It is expected to achieve net profit of 1,794 billion yuan to 2,041 billion yuan in the first half of 2026, an increase of 45%-65% over the previous year; non-net profit deducted from mother is 1,653 billion yuan to 1.92 billion yuan, an increase of 55%-80% over the previous year. According to calculations, the company's net profit for the second quarter increased by at least 27% month-on-month on a high basis, breaking the 1 billion yuan mark in a single quarter.

Shengang Securities said that AI demand for high-end MLCCs is driving the production capacity of leading Japanese and South Korean manufacturers to shift production capacity to high-end specifications, and an increase in the penetration rate of intelligent driving. Domestic manufacturers are expected to benefit from order spillover and domestic share replacement, and domestic manufacturers with high-capacity, high-voltage, automotive-grade MLCC mass production capabilities are expected to take the lead in benefiting. The mid-year performance reports of leading domestic companies predicted a relatively good year-on-year increase. The prices of some MLCC products of the Sanhuan Group were restored to their original reasonable value, and sales volume and sales increased significantly year-on-year.