SICC

Tianyue Advanced (2631.HK) saw a morning session surge that faded, trading at HKD 56.65 as of 09:31 BJ, up 9.58% from the previous close of HKD 51.70, but off the intraday high of HKD 56.65 set in the first bar. The stock opened at HKD 58.40 and bottomed at HKD 55.85, with volume of 244,700 shares and turnover of HKD 13.95 million, reflecting a turnover rate of 0.45%. The rebound was driven by AI chip thematic tailwinds and a Citi target price hike from HKD 50 to HKD 65, but fundamental headwinds persist: Q1 2026 revenue fell 5.16% YoY to HKD 414 million, net loss widened to HKD 68.6 million, with net profit margin at -16.56%, while multiple shareholder selling events (e.g., SICC Technology plunging >8% in August) weighed on sentiment. The stock sits 59.16% below its 52-week high of HKD 138.70 and 38.78% above the 52-week low of HKD 40.82, well below the 20-day MA of HKD 68.35 and 60-day MA of HKD 89.12, though YTD it has declined only 4.63%.

Shanghai Tianyue Advanced opened lower and continued to decline in the morning session, closing down 5.0% at HKD 59.50, driven by sustained shareholder selling pressure and a deepening Q1 loss. The stock dropped from an opening of HKD 60.50 to the day's low of HKD 59.50, with thin volume of 287,300 shares and a turnover rate of 0.52%, indicating low market participation. Earnings showed a Q1 2026 net loss widening 852% YoY to HKD 68.6 million, with revenue down 5.16% YoY to HKD 414.4 million and a net margin of -16.56%, reflecting weak fundamentals. The current price is 57.1% below the 52-week high of HKD 138.70, and while YTD is slightly positive (+0.17%), it remains well below the 20-day MA of HKD 74.05 and 60-day MA of HKD 89.63, suggesting a bearish price position. However, Citi had previously raised its target price on AI demand, which briefly lifted the stock alongside the AI chip rally, but the gains were unsustainable amid selling pressure.

Shandong Tianyue Advanced (2631.HK) opened sharply lower and sustained heavy losses in the morning session, closing down 5.01% at HKD 58.75, hitting an intraday low of HKD 58.65 and decisively breaching the HKD 60 handle and key moving averages such as the MA20 (HKD 76.127), now 57.64% below its 52-week high of HKD 138.7. The sell-off was primarily driven by persistent shareholder selling pressure, with the stock having tumbled repeatedly over recent days as major shareholders offloaded shares. The Q1 2026 earnings report showed revenue down 5.16% YoY to HKD 414 million and net loss widening 788% YoY to -HKD 68.6 million, though operating loss narrowed sharply from Q4 2025, while the PB ratio of 3.53x remains near historical lows. Despite the YTD decline of 1.09%, the stock is still trading 43.92% above the 52-week low of HKD 40.82, with limited near-term catalysts.

Tianyue Advanced opened lower and declined steadily during Hong Kong morning session, closing 5.05% lower at HKD 62.50, near its 52-week low zone. Recent persistent shareholder selling has driven the stock, with today's decline extending a multi-day weakness as the price slid from the open of HKD 65.50 without any rebound. The company's Q1 2026 revenue fell 5.16% YoY to HKD 414.4 million, while net loss widened 852% YoY to HKD 68.6 million, with EPS of -HKD 0.1474, reflecting deteriorating fundamentals. The current price is more than 54% below the 52-week high of HKD 138.70 and well below the MA20 (HKD 78.32) and MA60 (HKD 89.70), indicating significant technical weakness. However, the stock still has a YTD gain of 5.22%.

2631.HK opened sharply lower in the morning session and continued to weaken, eventually closing down 5.02% at HKD 63.4 in a one-sided downward move with almost no rebound. The company's Q1 revenue fell 5.16% YoY to HKD 414 million, while net loss widened to HKD 68.6 million, with EPS of -0.1474, worsening 788.09% YoY. The weak fundamentals were the core reason for the stock's decline. The current price has broken below both the 20-day MA of HKD 84.125 and the 60-day MA of HKD 89.546, retreating 54.29% from the 52-week high of HKD 138.7. Although the stock remains up 6.73% YTD, the short-term technical picture has clearly weakened, though it still has 55.32% upside from the 52-week low of HKD 40.82.