On August 27, SICC rose 5.16% in regular trading, trading at HK$69.05/share, with turnover of HK$61.74 million.

On the news front, SICC announced on August 26 that its concert-party shareholders holding over 5% — Liaoning Zhongde, Liaoning Haitong, and Guotai Haitong Zhengyu — have completed their previously disclosed share reduction plan, collectively cashing out approximately RMB 1.293 billion. The combined shareholding of the three parties declined from 7.01% to approximately 5.00%. The completion of this reduction plan effectively eliminates the selling pressure overhang that had weighed on market sentiment.

On the fundamental side, the company reported Q2 single-quarter revenue of RMB 548 million, a record high representing 42.06% year-over-year and 49.97% quarter-over-quarter growth. The company turned profitable on a sequential basis with net income of RMB 1.893 million in Q2, while gross margin recovered to 25.36%. Revenue contribution from 8-inch substrates surpassed 50%, signaling accelerating product mix upgrades in the silicon carbide substrate segment.

(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.)