HK Stock Market Move | SICC Co., Ltd. (02631) rose over 12% at its peak. Domestic and foreign manufacturers have intensively implemented price increases. The company's core customer base has seen a strong increase in volume, providing significant visibility.

SICC Co., Ltd. (02631) surged over 12%, and as of the time of writing, it has risen by 9.11%, trading at HKD 62.9, with a transaction volume of HKD 211 million. In terms of news, recently, manufacturers both domestically and internationally have been raising prices intensively. Major overseas players like Infineon and Texas Instruments have increased their prices multiple times this year, while domestic companies such as China Resources Microelectronics, Hangzhou Silan Microelectronics, Wuxi Nce Power, and Jiangsu Jiejie Microelectronics have also followed suit, with price hikes generally ranging from 10% to 20%. CITIC SEC previously mentioned that the power device sector is entering a second round of price increase cycles, catalyzed by the dual drivers of confirmed demand and AI power requirements. This price hike trend is expected to continue until 2027, with related manufacturers likely to initiate a new round of rapid revenue growth while significantly restoring profitability, indicating an overall positive outlook for the power device sector. Soochow International Securities released a research report noting that the 8-inch substrate is a core variable for SICC Co., Ltd.s performance recovery in 2026. Currently, the supply of 8-inch substrates is evidently less than demand, and the companys capacity is at full utilization, which has become the primary driver of improved overall gross margins. On the customer side, Infineons order volume for 2026 has doubled year-on-year, making it the overseas customer with the highest order saturation for the company; domestically, the company holds an 80%-90% market share in the supply of 8-inch substrates for Chiplink Integrated Circuits, approaching sole supplier status. CRRCs monthly shipments of 8-inch substrates remain stable at over 3,000 pieces, with core customers showing strong visibility in their volume increases.