Three-Circle Group Projects 45-65% H1 Profit Growth, Stock Rises 12.7% to HK$102

Three-Circle Group released mid-year earnings guidance on July 21, projecting H1 net profit of 17.9-20.4 billion RMB, representing 45-65% year-on-year growth. The stock surged 12.7% to HK$102, with intraday high at HK$105 and trading volume exceeding 150 million shares.

The growth is driven by increased demand in electronic components and optical communications sectors. MLCC products benefited from improved customer recognition and favorable industry conditions, with partial price recovery and significant increases in both sales volume and revenue. Simultaneously, accelerating global data center expansion boosted demand for optical devices, supporting higher sales of the company's optical communication products including pin matrix and sleeves.