Sinoceramics Electronics Draws 71 Institutional Investors in a Week, Shares Up 85% YTD

Overview

This week (September 14–19), 1,169 listed companies disclosed records of institutional investor research visits. Industries such as hardware equipment, chemicals (850102), and machinery attracted significant attention, with hardware equipment, chemicals, and medical devices (884145) & services seeing a high number of institutional research visits over the past five days.

Market Performance

According to Wind data, nearly 60% of the companies that received institutional research visits saw their share prices rise this week. Notable gainers include:

• Xinghui Shares (300464): +43.3% cumulative gain
• Dianke Siyi (301689): +42.9% cumulative gain
• Wanbang Pharmaceutical (301520): +30%+
• BGI Genomics (688114): +30%+
• Hengyunchang (688785): +30%+
• *\ST Hexin (688622), Jindan Technology (300829), Huabao Shares (300741)**: +20%+ cumulative gain

Companies with Concentrated Institutional Research

This week, the following companies were subjects of concentrated institutional research:

• Zhongci Electronics (003031)
• Chengtian Weiye (300689)
• Sinopharm Accord (000028)
• Zhongjuxin (688549)-U
• Chongda Technology (002815)

Notably, many of the top-ranked companies in terms of institutional research volume belong to the semiconductor (881121) industry chain. Wind data shows that the semiconductor sector posted a cumulative gain of 8.28% this week.

Zhongci Electronics Received the Most Institutional Research Visits

This week, 1,169 listed companies disclosed records of institutional investor research visits. Among them, Zhongci Electronics (003031) received the most visits, with 71 institutions conducting due diligence.

Image source: Wind

Business Performance and Market Position

In the first half of the year, Zhongci Electronics' electronic ceramic materials and components (881270) business revenue surged significantly, attracting market attention.

According to the company, it holds leading domestic technology in electronic ceramic packaging products, with related product performance comparable to similar products from major international companies. These products are widely used in:

• Optical communications
• Wireless communications
• Rail transit
• Low-carbon heating and cooling
• Automotive electronics (885545)
• Semiconductor equipment (884229)
• Low-altitude economy (886067)

Expansion Project Details

Institutions focused on questions regarding the necessity and prospects of Zhongci Electronics' newly added "High-Precision Electronic Ceramic Production Line Expansion Project." The company stated that the project involves:

• Aluminum nitride thin/thick film substrates
• Electronic ceramic packages for communication devices
• Precision ceramic components

These are among the civilian industries prioritized for national support. The company noted that all products involved in the project utilize core technologies—including materials, design, and processes—developed under the company's independent intellectual property rights. The expansion leverages existing mature multi-layer ceramic preparation processes. Related products have been verified by several major domestic customers and are currently supplied in batches.

Third-Generation Semiconductor Strategy

Regarding the medium- and long-term strategic planning of its subsidiary Guolian Wanzhong in the third-generation semiconductor (885908) sector, Zhongci Electronics stated that the subsidiary primarily focuses on two main lines:

• Silicon carbide: Concentrating on markets such as new energy vehicles (885431), photovoltaic energy storage (885921), industrial applications, and power grids.
• Gallium nitride RF products: Expanding into areas such as satellite internet, low-altitude security (885423), and anti-drone systems (885564).

The company is actively advancing the implementation of fundraising projects to enhance capacity building for its 8-inch wafer and packaging/testing platforms.

Share Price Performance

Wind data shows that over the past five trading days, the company's share price rose by a cumulative 14.77%. Since the beginning of this year, Zhongci Electronics' share price has increased by 85.78%, with a latest market capitalization of RMB 61.1 billion.

Image source: Wind

569 Institutions Conducted Research on A-Share Listed Companies This Week

This week, 569 institutions conducted research on A-share listed companies, with CITIC Securities (600030) recording the highest total number of research visits. Stocks such as Sinopharm Accord (000028), Chongda Technology (002815), and Dianke Siyi (301689) attracted significant attention.

Image source: Wind

Fund Company Activity

Fund companies maintained strong enthusiasm for research, with stocks such as the following receiving considerable attention:

• AVIC Chengdu Aircraft (302132)
• Dongfang Tantalum Industry (000962)
• Aikesaibo (688719)
• Chongda Technology (002815)

Image source: Wind

Chongda Technology: Key Performance Drivers for 2026

Institutions focused on questions regarding the key drivers of Chongda Technology's (002815) performance in 2026. The company stated that the logic driving its 2026 performance revolves around the following dimensions:

1. Ramp-up of high-end capacity and advancement of global layout

• Capacity utilization at Phase II of the Zhuhai (883419) facility for high-multilayer boards continues to increase, aiming to improve utilization rates.
• Unit fixed costs are expected to be gradually diluted through economies of scale.
• Construction of Phase I of the Thailand base is proceeding according to plan, with completion expected by the end of 2026, providing capacity reserves for fulfilling overseas customer orders.

2. Optimization of order structure and continuous upgrading of product mix

• The company is proactively reducing low-margin and loss-making orders.
• Shifting capacity toward IC substrates, high-end servers, and telecommunications sectors.
• The revenue proportion of high-end products continues to rise, and structural improvements help drive recovery in overall gross margins.

3. Cost control and optimization of pricing mechanisms

• Cost-plus and floating quotation models are being implemented for price-sensitive products, shortening price adjustment cycles (883436).
• The proportion of low-cost material procurement is increasing.
• Standardization of chemical process (850102) segment costs is deepening.
• Manufacturing costs are being reduced across multiple dimensions.

Additionally, during research visits, Chongda Technology addressed inquiries about its operational outlook.