Share price of China Sarawak soared more than 8%, reaching record high price

The stock price of China Sarawak soared by more than 8% today (11th), setting a new sky-high price (data photo)

[Reporter Lin Yiru/Taipei Report] Semiconductor materials and recycled wafer factory Zhongsha (1560) has benefited from the continued strong demand for advanced manufacturing processes, which has driven the demand for diamond discs to heat up. Recycled wafers have also gradually shifted to high-end product portfolios, and gross profit margins have jumped significantly. Recently, The stock price strengthened and opened higher today (11th). It rose 8.3% in early trading, soaring to 794 yuan, setting a new sky-high price. As of 10:20 a.m., the increase was still 6.82%, temporarily trading at 783 yuan, with a trading volume of 2,413 contracts.

Judging from the trends of the three major legal persons, foreign investors bought more than 121 lots yesterday and have bought more than 4 consecutive trading days, buying a total of more than 1,431 lots. Investment trusts sold more than 2 lots yesterday, and self-operated traders also sold more than 7 lots. The three major legal persons bought a total of 112 lots yesterday.

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China and Sarawak benefited from strong demand for advanced manufacturing processes. In the second quarter, 2nm-related revenue increased by 84%, driving a sharp jump in gross profit margin to 40%, which was better than market expectations. China Sand will increase the price of grinding wheels by 5-15% starting from this quarter, and its product portfolio will continue to be optimized. In addition, the contribution of recycled wafers and diamond discs will increase. Legal persons are optimistic that China Sand’s gross profit margin in the third quarter is expected to further increase.

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