Shares in China’s leading multilayer ceramic capacitor (MLCC) makers climbed on Friday after the companies reported sharply higher first-half sales and profits amid soaring demand linked to AI.
Shenzhen-listed Chaozhou Three-Circle Company (CCTC) and Guangdong Fenghua Advanced Technology saw their shares gain nearly 1 per cent and 3 per cent, respectively, in morning trading; CCTC’s Hong Kong-listed shares rose more than 4 per cent. The rally followed strong first-half earnings announced on Thursday.
CCTC reported first-half revenue up 55 per cent to 6.4 billion yuan (US$952.3 million) and a net profit increase of 56 per cent to 1.9 billion yuan. Guangdong Fenghua said its net profit for the first half of 2026 rose 74 per cent year on year to 290.3 million yuan, while sales increased 26 per cent to 3.5 billion yuan.
MLCC demand linked to AI lifts performance
CCTC attributed the rise in sales to improving market sentiment and a recovery in MLCC prices, citing stronger demand conditions. For the second half of 2026, the company said it would intensify efforts on high-end MLCCs targeted at the server and automotive sectors, pursuing breakthroughs in — and mass production of — ultra-high-capacitance, large-format products.
The companies’ results and stated plans underscore a shift toward higher-value MLCC segments as AI-related demand supports broader market momentum.
