--- title: "Hong Kong stock movement: MAN YUE TECH fell 14.80%: net profit halved combined with financing dilution, tech stocks under pressure" type: "News" locale: "en" url: "https://longbridge.com/en/news/290520058.md" description: "MAN YUE TECH fell 14.80%; Kwan Tai Group fell 10.21%, with a transaction volume of HKD 5.704 billion; Kwan Tai Laminates fell 6.58%, with a transaction volume of HKD 5.466 billion; Shenghong Technology fell 12.00%, with a transaction volume of HKD 1.349 billion; Lens Technology fell 3.71%, with a market value of HKD 140 billion" datetime: "2026-06-23T06:26:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290520058.md) - [en](https://longbridge.com/en/news/290520058.md) - [zh-HK](https://longbridge.com/zh-HK/news/290520058.md) --- # Hong Kong stock movement: MAN YUE TECH fell 14.80%: net profit halved combined with financing dilution, tech stocks under pressure **Hong Kong Stock Movement** MAN YUE TECH fell 14.80%. Based on recent news, 1. On June 20, MAN YUE TECH released its latest financial report, showing a significant decline in profits. The report indicated that the company's net profit dropped by more than 50% year-on-year, primarily due to weak market demand and rising costs. This news undermined investor confidence, leading to a drop in stock prices. 2. On June 19, MAN YUE TECH announced a new financing plan, intending to raise funds through the issuance of new shares. Although the company stated that this would be used to expand its business, the market was concerned about equity dilution, resulting in further declines in stock prices. 3. On June 18, the overall industry performed poorly, especially the technology sector, which was affected by macroeconomic uncertainties. The slowdown in global economic growth and escalating trade tensions made investors worried about the prospects of technology stocks, which in turn dragged down MAN YUE TECH's stock price. The technology industry has recently shown weak performance, with increased macroeconomic uncertainties. **Stocks with High Trading Volume in the Industry** Kang Tai Group fell 10.21%. Based on recent key news: 1. On June 22, Citigroup raised the target price for Kang Tai Group to HKD 202 and reiterated a "Buy" rating. Citigroup expects the company's net profit in the first half of the year to grow by 55.6% year-on-year, with growth accelerating to 175% in the second half. This news stimulated a single-day surge of over 11% in stock prices, but a subsequent correction occurred. 2. On June 22, Kang Tai Group announced that its directors and employees exercised their preemptive rights to purchase shares, issuing a total of 13.47 million new shares. This move led to increased short-term volatility in stock prices. 3. On June 23, Mu Lin Sen announced a further 10% increase in copper-clad laminate prices, reflecting rising raw material costs. As a supplier of copper-clad laminates, Kang Tai Group's stock price was affected by this. The PCB industry has entered a price increase cycle, with full orders and extended delivery times. Kang Tai Laminates fell 6.58%. Based on recent key news: 1. On June 22, Kang Tai Group's placement of Kang Tai Laminates shares led to a decline in stock prices. The placement reduced Kang Tai Group's shareholding ratio, raising market concerns about valuation, resulting in a 6.58% drop in stock prices. Source: Economic Information Agency 2. On June 22, Citigroup raised its earnings forecast for Kang Tai Group and maintained a buy rating. Citigroup expects Kang Tai Group to structurally evolve into PCB and CCL concept stocks in the AI era, enhancing profitability. Source: Economic Information Agency 3. On June 23, PCB raw material prices rose, impacting Kang Tai Laminates. The increase in raw material copper-clad laminate prices led to higher production costs, affecting stock prices. Source: Financial Alliance PCB industry has entered a price increase cycle, with full orders. Sheng Hong Technology fell 12.00%, with a trading volume of HKD 1.349 billion, and there has been no significant news recently. The trading is active, with clear capital flows. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation **Stocks Ranked Among the Top by Market Capitalization in the Industry** Lens Technology fell by 3.71%. Based on recent news, 1. On June 22, Lens Technology announced that its glass substrate factory and supporting production lines will be put into operation by the end of the year. This news has attracted market attention, leading to stock price fluctuations. Analysts believe that glass substrates may become a trillion-yuan track by the end of the 14th Five-Year Plan. 2. On June 22, Jiang Nan, President of Lens Technology's China region, stated that the current TGV glass substrate products are undergoing multiple testing and sample verification in collaboration with domestic and international customers, having completed several rounds of tests and finalized optimal parameters. This news further influenced market sentiment. 3. On June 22, academician Peng Shou of the Chinese Academy of Engineering analyzed that the global semiconductor advanced packaging glass substrate industry is undergoing rapid restructuring, with domestic TGV glass substrates accelerating the breaking of overseas technological barriers. This analysis has sparked market interest in Lens Technology's future development. 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