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SHE:300408

11 stories mentioning SHE:300408Updated 16d ago

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Asia

Hong Kong Stocks Edge Lower on Middle East Uncertainty; Chaozhou Three-Circle Surges

Hong Kong stocks closed slightly lower Tuesday as investors remained cautious over developments in the Middle East and awaited Hong Kong's inflation data due later in the day.The Hang Seng Index slipped 10.76 points to 25,132.29, while the Hang Seng China Enterprises Index fell 21.22 points, or 0.3%, to 8,360.68.Investor sentiment stayed subdued as markets monitored the conflict in the Middle East. Despite a pullback in oil prices, concerns that the conflict could disrupt energy supplies and fuel inflation kept investors cautious.Wall Street ended lower overnight as investors tracked the U.S.-Iran conflict and looked ahead to earnings from major technology companies.Among individual stocks, Chaozhou Three-Circle (HKG:6951, SHE:300408) jumped nearly 12% after forecasting up to a 65% increase in first-half attributable profit.ASMPT (HKG:0522) rose more than 7% after appointing Bassel Haddad as group chief executive officer and executive director, effective Aug. 11.

Hang SengHKG:0522HKG:6951SHE:300408
Asia

Chaozhou Three-Circle Forecasts Up to 65% Rise in H1 Profit

Chaozhou Three-Circle (HKG:6951, SHE:300408) expects attributable profit of 1.79 billion yuan to 2.04 billion yuan for the first half, up 45% to 65% from 1.24 billion yuan a year earlier, according to a Tuesday Hong Kong bourse filing.The electronic components manufacturer attributed the expected earnings growth to stronger demand for electronic components and optical communication products, higher prices, and sales of multilayer ceramic capacitors.

HKG:6951SHE:300408
Asia

Hong Kong Stocks Decline as Tech Volatility Persists; Seven Firms See Mixed Debuts

Hong Kong stocks closed lower Thursday as renewed tensions in the Middle East and another bout of volatility in regional technology shares weighed on investor sentiment.The Hang Seng Index fell 0.7%, or 169.28 points, to close at 24,030.18, while the Hang Seng China Enterprises Index dropped 1.1%, or 86.93 points, to finish at 7,997.29.Technology shares remained under pressure as the recent semiconductor-led rally faded, even as broader regional markets recovered from recent heavy losses.Meanwhile, U.S. President Donald Trump said on Wednesday the interim agreement with Iran to end the conflict was "over," although he later said he did not expect a return to full-scale war.Oil prices rose for a third straight session as Washington carried out another round of strikes against Iran.In corporate news, seven firms listed on the main board, marking one of the year's busiest days for debuts.Luxshare Precision Industry (HKG:2475, SHE:002475) ended the session nearly 2% lower at HK$62.30 versus its offer price of HK$63.28Chaozhou Three-Circle (HKG:6951, SHE:300408) closed nearly 5% higher at HK$105.00, compared with its offer price of HK$100.30.Rigol Technologies (HKG:0537, SHA:688337) ended the session over 37% lower at HK$28.80, versus its offer price of HK$45.98.DKE (HKG:1770) closed 2% higher at HK$80.00, compared with its offer price of HK$78.64.Guangdong Dtech Technology (SHE:301377, HKG:1377) ended the session 2% lower at HK$373.20, versus its offer price of HK$380.Jiangxi Qiyunshan Food (HKG:2797) advanced nearly 163% to close at HK$21, compared with its offer price of HK$8.Rokae (Shandong) Robotics (HKG:3752) ended the session 15% higher at HK$43.78, versus its offer price of HK$38.

Hang SengHKG:0537HKG:1377HKG:1770HKG:2475HKG:2797HKG:3752HKG:6951SHA:688337SHE:002475SHE:300408SHE:301377
Asia

Chaozhou Three-Circle Raises HK$7 Billion in Alibaba-Backed Hong Kong IPO

Chaozhou Three-Circle (HKG:6951, SHE:300408) raised HK$7.05 billion in net proceeds from its initial public offering in Hong Kong.The final offer price was set at HK$100.30 per H-share, according to a Wednesday after-market filing with the Hong Kong Stock Exchange.The Chinese electronic components manufacturer issued 71.4 million H-shares.The Hong Kong public offer was 327.49 times subscribed, with a final allocation of 7.1 million shares. The international offering was 16.24 times subscribed, with an allocation of 64.2 million shares.An over-allocation of 10.7 million shares was made under the global offering.Cornerstone investors, including Alibaba Investment, were allotted a combined 35.6 million shares, representing 49.81% of the global offering, according to the filing.Chaozhou Three-Circle debuted on the Hong Kong bourse today, July 9.

HKG:6951SHE:300408
Asia

Chaozhou Three-Circle Makes Tepid Hong Kong Debut as Shares Open Flat

Chaozhou Three-Circle (HKG:6951, SHE:300408) logged a tepid stock market debut as its shares opened flat on their maiden trading in Hong Kong Thursday morning.The electronic components manufacturer opened at HK$100.30 per share, unchanged from its IPO price.

HKG:6951SHE:300408
Asia

Hong Kong Stocks Fall Amid Middle East Uncertainty; Nine Firms File for IPO

Hong Kong stocks closed lower Tuesday as uncertainty returned in the Middle East, raising bets for a U.S. rate hike.The Hang Seng Index fell by around 145.66 points, or roughly 0.6%, to end at 22,881.02, while the Hang Seng China Enterprises Index decreased by 47.04 points, or 0.6%, to end at 7,558.30.U.S. President Donald Trump said U.S. and Iranian officials will meet in Qatar on Tuesday after Tehran "requested" talks following days of reciprocal attacks that strained their interim agreement, according to AL Jazeera.However, Iranian Foreign Ministry spokesman Esmaeil Baghaei said the Iranian delegation has no talks scheduled with the U.S. and is visiting Qatar only to secure the release of frozen assets.Investors are now eyeing progress in the possible U.S.-Iran talks and U.S. June jobs data, scheduled to be released Thursday, for hints on the U.S. Federal Reserve's interest rate decision at its July 28-29 meeting.So far, traders are pricing in about a 64% probability of a September increase, Reuters reported, citing the CME FedWatch tool.In local development, the bad-loan ratio across Hong Kong banks declined in the first quarter of 2026, according to a quarterly update released by the Hong Kong Monetary Authority.The classified loan ratio of the banking sector decreased to 1.87% at the end of March from 2.01% at the end of December 2025, the HKMA said.In corporate news, nine firms filed to go public in Hong Kong in one of the busiest days for initial public offering filings.Among the companies looking to go public were Alibaba-backed Chaozhou Three-Circle (HKG:6951, SHE:300408), Befar Group (HKG:6745, SHA:601678), Nexchip Semiconductor (China) (HKG:2249), and Luxshare Precision Industry (SHE:002475, HKG:2475).Others included Jiangxi Qiyunshan Food (HKG:2797), Guangdong Dtech Technology (HKG:1377), and Rokae (Shandong) Robotics Group (HKG:3752).EKH (HKG:2523) and Rigol Technologies (HKG:0537, SHA:688337) are also among the firms looking to go public.

Hang SengHKG:0537HKG:1377HKG:2249HKG:2475HKG:2523HKG:2797HKG:3752HKG:6745HKG:6951SHA:601678SHA:688337SHE:002475SHE:300408
Asia

Alibaba-Backed Chaozhou Three-Circle Launches HK$7.2 Billion Hong Kong IPO

Chaozhou Three-Circle (HKG:6951, SHE:300408) launched its Hong Kong initial public offering on Tuesday, seeking to raise up to HK$7.16 billion.The electronic components manufacturer is offering 71.4 million H shares at a maximum price of HK$100.30 each, according to a Hong Kong bourse filing.The offering comprises 7.1 million shares for Hong Kong investors and 64.2 million shares for international investors, subject to reallocation and the overallotment option.The offer price is expected to be determined by July 7, with allocation results due by July 8, ahead of the company's planned trading debut on July 9.Net proceeds will be used primarily to expand the company's overseas production capacity, enhance automation, and support projects in Thailand and Germany to strengthen its global manufacturing and supply chain network.The company also plans to use the funds for technology iteration, materials innovation, working capital, and general corporate purposes.The offering has attracted 17 cornerstone investors, including Temasek, JPMAMAPL, CPE River, Ninety One Asia, Alibaba Investment, GSAM, Manulife, and Taikang Life, which have agreed to subscribe for shares totaling $455 million.China Galaxy International Securities (Hong Kong) is serving as the sole sponsor, sponsor-overall coordinator, overall coordinator, joint global coordinator, joint bookrunner, and joint lead manager.Huatai Financial Holdings (Hong Kong), ICBC International Securities and BOCI Asia are acting as joint global coordinators, joint bookrunners and joint lead managers, while CCB International Capital is serving as a joint bookrunner and joint lead manager.

HKG:6951SHE:300408
Asia

Quanzhou Huixin Micro-Credit Disposes Of Shares in Chaozhou Three-Circle; Shares Surge 8%

Quanzhou Huixin Micro-Credit (HKG:1577) disposed of shares in Chaozhou Three-Circle (SHE:300408) in the open market on Tuesday for nearly 12.8 million yuan, according to a same-day Hong Kong bourse filing.Shares of moneylender Quanzhou Huixin Micro-Credit were up 8% in Wednesday afternoon trading.The sale came in order for the company to realize its investment in Chaozhou Three-Circle.The company will use proceeds for general working capital.

HKG:1577SHE:300408
Asia

Chaozhou Three-Circle Receives Filing Notice for Hong Kong Listing from Chinese Securities Regulator

Chaozhou Three-Circle (SHE:300408) received the filing notice from the China Securities Regulatory Commission for the company's plan to issue up to 149.2 million shares for listing on the Hong Kong bourse.The filing merely confirms the ceramic electronic components manufacturer's filing information and does not indicate that the CSRC makes any substantive judgment or guarantee, according to a Wednesday filing with the Shenzhen bourse.

SHE:300408
Asia

Market Chatter: Chaozhou Three-Circle Targets Up to $1 Billion in Hong Kong IPO

Chaozhou Three-Circle (SHE:300408) is planning a Hong Kong listing that could raise as much as $1 billion, Reuters reported Monday, citing people familiar with the matter.The Shenzhen-listed electronic components maker is awaiting clearance from the China Securities Regulatory Commission, the report said.The offering is expected to proceed soon after approval, potentially by late June, the report added.Three-Circle and the deal's sole sponsor, China Galaxy International, did not respond to comment requests from the news agency.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

SHE:300408
Asia

Chaozhou Three-Circle's Q1 Profit Rises 48%, Revenue Jumps 46%; Shares Up 4%

Chaozhou Three-Circle's (SHE:300408) net profit attributable to shareholders in the first quarter rose 48% to 790.9 million yuan from 532.7 million yuan a year earlier, according to a Friday disclosure on the Shenzhen bourse.Earnings per share climbed 46% year on year to 0.41 yuan from 0.28 yuan.Operating revenue jumped 46% to 2.68 billion yuan from 1.83 yuan in the previous year.The advanced ceramics company's shares increased by over 4% during the morning trade.

SHE:300408

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