Zhitong Financial APP learned that the volume of Wanyu Technology (00894) rebounded in intraday trading, with a maximum increase of about 28%. As of press time, Wanyu Technology rose 21.15% to HK $1.26, with a turnover of HK $13 million.
Since the beginning of the fourth quarter, aluminum prices have been adjusted to a high level, during which the main contract of Shanghai Aluminum has fallen by more than 25%. Since the end of September, the cumulative decline has also reached 15%.
Wanyu Technology (00894) is a well-known manufacturer of aluminum electrolytic capacitors, with a capacitor production capacity of 1 billion pieces per month. The company's profit is constrained by a rise in upstream aluminum raw materials, with a gross profit margin of about 17.1% in the first half of this year.
In October this year, in order to cope with the rising prices of raw materials and the shortage of supply materials, listed companies in the industry, such as Jianghai (002484.SZ), raised the prices of aluminum capacitor products.