Movement Alert|SICC Rises 5.35% in Regular Trading, Q2 Revenue Hits Record High as Broker Initiates Buy Rating

Market Focus
Sep 07

On September 7, SICC rose 5.35% in regular trading, trading at HKD 66.55 per share, with turnover of HKD 43.89 million.

The rally was primarily driven by the company's strong Q2 earnings and a fresh institutional endorsement. SICC reported Q2 revenue of RMB 548 million, a record single-quarter high, surging 42.06% year-over-year and 49.97% quarter-over-quarter. Q2 gross margin improved to 25.36%, and the company posted net profit attributable to shareholders of RMB 1.893 million, marking a return to profitability. First-half revenue totaled RMB 914 million, up 15.10% YoY, with 8-inch product revenue surpassing 50% of total sales.

Meanwhile, Zhonghang Securities initiated coverage with a Buy rating, projecting net profits of RMB 84 million, 198 million, and 352 million for the next three years, citing the company's global leadership in 8-inch SiC substrate ramp-up and expanding AI and new energy applications. JPMorgan also raised its long position to 9.2% in late August. SICC is scheduled to hold a half-year earnings briefing on September 11, sustaining market attention.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10