On October 7, CCTC fell 3.63% in regular trading, trading at 132.8 HKD per share, with a turnover of 456.23 million HKD. The decline followed a previous session surge of over 7%, prompting profit-taking at elevated levels.

Background information shows that on September 21, the H-share price briefly hit 152.7 HKD, an all-time high since listing. Shareholders and institutions have been trimming positions in the high range. Huafeng International announced plans to liquidate its entire H-share stake, while JPMorgan reduced 84,900 shares on September 21 at approximately 141.18 HKD each. These high-level reductions, combined with accumulated profit-taking, form the key backdrop for today's correction.

CCTC is a Chinese company engaged in research, development, production and sales of electronic ceramic materials and components, including MLCCs, ceramic substrates, communication devices and equipment components.

(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.)