On September 16, CFMEE rose 3.54% in regular trading, trading at 368.4 HKD/share, with turnover of 16.0069 million HKD. The stock continued its upward momentum following a surge of over 10% the previous session.
On the news front, the company held its first extraordinary general meeting on September 15, at which all proposed resolutions were approved with high votes, including registered capital changes and an increase in idle fund cash management to 1 billion yuan. Meanwhile, the company's second-phase production base is set to enter full capacity release in the second half, with design capacity more than double the first phase, effectively resolving prior capacity bottlenecks. Chairman Cheng Zhuo stated at the recent results briefing that high-end PCB equipment order deliveries remain robust, while advanced packaging equipment is entering the verification and deployment stage.
The company's H1 results underpin investor confidence, with revenue reaching 1.106 billion yuan, up 68.95% year-over-year, and attributable net profit of 281.4 million yuan, up 98.13%. PCB business revenue surged 85.4% to 880 million yuan. Gross margin improved to 42.5% from 40.5%. Over the past 90 days, 11 out of 13 institutions have issued buy ratings with an average target price of 519.23 yuan.
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