A-Share Market Close: Indices Plunge Sharply! ChiNext Index Drops 5.71%, STAR 50 Index Falls 7.7%; Precious Metals and Fluorochemical Sectors Rise Against the Trend

Gelonghui, July 2 | A-share markets followed the overnight declines in U.S. semiconductor, storage, and computer sectors, with major indices plunging collectively. As of the market close, the Shanghai Composite Index fell 2.03% to 4,028.9 points, the Shenzhen Component Index dropped 3.85%, the ChiNext Price Index tumbled 5.71%, and the STAR 50 Index slumped 7.7%. Total market turnover amounted to RMB 3.47 trillion, down RMB 208.9 billion from the previous trading day, with more than 3,100 stocks declining. In sector performance, the semiconductor segment suffered broad-based losses, led by semiconductor equipment, HBM concepts, memory chips, and SMIC-related stocks. Multiple companies, including Beifang HuaChuang, Jinhaitong, and Kingpack Technology, hit their daily trading limits on the downside; the MLCC sector

Gelonghui FinanceJul 2 15:03

Research Report Insights | Zheshang Securities: Initiates coverage of Boqian New Materials with a "Buy" rating, as the company stands to benefit significantly from the surge in demand for MLCCs used in AI servers.

According to a research report by Zheshang Securities, Samsung Electro-Mechanics is expected to secure a major new order for MLCCs (multilayer ceramic capacitors) used in AI servers. Samsung Electro-Mechanics accounts for approximately 40%–50% of Boqian New Materials’ revenue, positioning Boqian to significantly benefit from the surging demand for AI server MLCCs. Leveraging its globally leading PVD metal powder technology, the company is well-positioned to capitalize on the industry trend toward miniaturization of electronic components. Meanwhile, Boqian is gradually expanding into second- and third-growth-curve products such as photovoltaic-grade copper powder, silver-coated copper powder, and alloy powders for inductors, further solidifying its status as a technology-platform company. The company’s revenue is projected to reach RMB 2.487 billion, RMB 4.370 billion, and RMB 5.985 billion in 2026, 2027, and 2028, respectively.

Gelonghui FinanceJul 2 14:14 · Ratings

Express News | According to HKEX filings: Jiangsu Bona New Materials Co., Ltd. has submitted an application for listing to the Hong Kong Stock Exchange.

BreakingsJun 30 20:44

Boguan New Materials has filed for an IPO in Hong Kong, focusing on upstream sectors such as nickel powder for MLCCs; its controlling shareholder recently reduced holdings worth RMB 676 million.

10-bagger

Gelonghui FinanceJun 26 18:21

GF Securities: The AI compute race is reshaping the demand curve for MLCCs; core barriers are built through advanced powder formulations and full-chain manufacturing processes.

Demand for MLCCs is evolving toward higher performance, characterized by miniaturization, higher capacitance, and enhanced reliability.

Zhitong FinanceJun 25 10:30

Express News | The MLCC concept has been repeatedly in the spotlight, with Yunzhong Technology surging more than 15% to hit another all-time high.

BreakingsJun 25 09:49