Huaci Shares Surges Six Consecutive Daily Limit-Ups Despite Company Warning of Revenue Decline and EU Tariff Risks
Huaci Shares (001216) surged to a sixth consecutive daily limit-up on September 22, 2026, with cumulative gains exceeding 70%. The company issued a warning on September 21, stating its Vietnam base has limited capacity, Q3 performance is expected to decline year-on-year, and its zirconia business accounts for only 1.15% of revenue. The company faces headwinds including EU anti-dumping duties raised from 18.3% to 79%, cancellation of a 9% export tax rebate, and a 20.77% first-half revenue decline. A lock-up expiration of 38.37 million shares is scheduled for November 12, 2026.
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Huaci Shares Surges to Six Consecutive Daily Limit-Ups Amid Zirconia Hype Despite Weak Fundamentals
Huaci Shares (华瓷股份) has surged to six consecutive daily limit-up moves, with shares hitting 26.47 yuan and cumulative gains exceeding 70%, including three 'one-character' limit-ups. The company issued a warning on September 21 stating that its Vietnam production base is still in a ramp-up phase with limited capacity, and that Q3 2026 earnings are expected to continue declining year-on-year due to multiple headwinds including EU anti-dumping tariffs on Chinese ceramics (raised from 18.3% to 79%), the cancellation of a 9% export tax rebate, RMB appreciation, and a downturn in the domestic baijiu industry. H1 2026 revenue fell 20.77% and net profit dropped 14.18%. The stock's rally is attributed to market speculation over the company's zirconia (氧化锆) business, though the company clarified that its zirconia-related revenue was only 6.64 million yuan in H1, representing 1.15% of total revenue, and that its microbead products are price-locked under existing contracts. The company also faces a significant share lock-up expiration on November 12, 2026, when 38.37 million shares (13.14% of total equity) become tradable. The article notes the disconnect between the stock's price action and the company's own cautious guidance.
Read sourceHuaci Shares Surges 6 Consecutive Limit-Ups; Company Warns of Q3 Earnings Decline and Share Lock-Up Risk
On September 22, Huaci Shares (001216) hit its sixth consecutive daily limit-up, with a buy order backlog of 166,000 lots. The stock surged 61.04% over five trading sessions from September 15 to 21, significantly outpacing the broader market and peers. In a September 21 evening announcement, the company attributed the rally to market speculation but warned of severe headwinds. Huaci stated that over 98% of its revenue comes from traditional日用陶瓷 (daily-use ceramics), with first-half operating revenue down 20.77%, domestic sales down 30.01%, and liquor ware revenue down 49.23%. The company cited multiple adverse factors: the EU's anti-dumping duty on Chinese daily-use ceramics rising from 18.3% to 79%, the full cancellation of the 9% export tax rebate for daily-use ceramics, yuan appreciation, and a deep adjustment in the domestic baijiu industry. It forecast a continued year-on-year decline in Q3 performance. Additionally, Huaci reminded investors that 38.37 million shares (13.14% of total equity) from a 2025 private placement at 17.46 yuan per share will become tradable on November 12, 2026, posing potential downward pressure if shareholders sell. The company urged rational investment and cautioned against risks.
Read sourceHuaci Shares Hits Sixth Consecutive Daily Limit Rise Despite Revenue Decline and EU Tariff Risks
Huaci Shares (stock code 001216), a ceramic industry leader, surged to its sixth consecutive daily limit-up on September 22, following five prior limit-up sessions from September 15 to 21, accumulating a 61.04% gain. The company issued an abnormal stock trading volatility announcement on September 21, warning investors of significant risks. Huaci reported that its revenue is heavily concentrated in traditional日用陶瓷 (daily-use ceramics), which accounts for over 98% of income. In the first half of the year, total revenue fell 20.77%, domestic sales dropped 30.01%, and liquor vessel revenue declined 49.23%. The company cited multiple headwinds: the European Union sharply raised its anti-dumping duty on Chinese daily-use ceramics from 18.3% to 79%, China fully canceled the 9% export tax rebate for such products, the renminbi appreciated, and domestic liquor demand weakened. Additionally, Huaci noted that 38.37 million shares (13.14% of total equity) from a 2025 private placement at 17.46 yuan per share will become tradable on November 12, 2026, posing potential selling pressure. On September 21, the stock appeared on the daily limit list with total buy orders of 139.1 million yuan and sell orders of 135.5 million yuan.
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Huaci Porcelain Shares Hit 6-Day Limit-Up Streak Despite Revenue Decline and EU Tariff Risks
Huaci Porcelain (001216) shares surged to a sixth consecutive daily limit-up on September 22, opening at the 'one-word' limit-up level. The stock had risen 61.04% over five consecutive trading days from September 15 to 21, significantly outperforming the broader market and peers. On September 21, the company issued a stock trading abnormality announcement warning investors of multiple risks. Huaci Porcelain stated that over 98% of its revenue comes from traditional daily-use ceramics, with first-half revenue falling 20.77%, domestic sales down 30.01%, and liquor vessel revenue down 49.23%. The company attributed the decline to the EU's anti-dumping duty on Chinese daily-use ceramics rising from 18.3% to 79%, the complete cancellation of the 9% export tax rebate for daily-use ceramics, yuan appreciation, and a deep adjustment in the domestic baijiu industry. It forecast a continued year-on-year decline in third-quarter performance. Additionally, the company warned that 38.37 million shares (13.14% of total equity) issued in a 2025 private placement at 17.46 yuan per share will become tradable on November 12, 2026, posing potential downward pressure if shareholders sell. On September 21, the stock appeared on the dragon-and-tiger list with total buy orders of 139.1 million yuan and sell orders of 135.5 million yuan.
Read sourceHuaci Shares Warns Vietnam Output Limited, Expects Q3 Profit Decline After 5-Day Rally
On September 21, Huaci Shares (Huaci Co., Ltd.) issued an announcement regarding abnormal stock price movements, stating that its Vietnam production base's first phase is still in a capacity ramp-up stage with limited short-term output. The company expects its third-quarter performance to continue declining year-on-year. The stock had surged 61.04% over five consecutive trading days, closing at its daily limit on September 21, bringing its total market capitalization to 7.025 billion yuan. Huaci noted that its revenue remains heavily dependent on daily-use ceramic products, which account for over 98% of total revenue. In the first half of 2026, revenue fell 20.77% year-on-year to 576 million yuan, while net profit excluding non-recurring items dropped 31.42% to 75.77 million yuan. Domestic sales declined 30.01%, with liquor vessel revenue plunging 49.23%. The company also warned that 38.37 million shares (13.14% of total equity) from a 2025 private placement will become tradable on November 11, 2026, posing potential selling pressure. Earlier, Huaci attributed the recent stock rally to market speculation over its zirconia business, which generated only 6.64 million yuan in revenue in H1 2026, or 1.15% of total revenue, and noted that its zirconia products have not seen price increases.
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