Huaci Shares hit the daily limit up just six seconds after the market opened on September 18, notching a fourth consecutive limit-up board. The company mainly designs, develops, produces and sells ceramic products. According to its 2026 semi-annual report, its technical ceramics business made major progress, with zirconia powder entering the supplier qualification stage for Chaozhou Three-Circle's MLCC powder. Recently the company clarified market rumors about MLCC powder, the zirconia business, a Wuxi semiconductor precision ceramics industry seminar, and the commissioning of its Vietnam plant, saying the powder sold to Chaozhou Three-Circle is still in a small-volume qualification stage, has not yet achieved large-scale batch supply, and has not yet formed stable sales revenue. The company also cautioned that zirconia product prices are affected by multiple factors including upstream raw materials, downstream demand and market competition, so whether the price rally can continue is uncertain. New production line plans face the risk that construction progress falls short of expectations, and downstream new energy and electronics industry fluctuations will also directly affect market demand for zirconia products. The company further reminded investors that powder product qualification cycles are long, and whether new customers will approve the products is highly uncertain. In the first half of 2026, the new ceramic materials business including zirconia generated revenue of only 6.64 million yuan, accounting for 1.15 percent of the company's total revenue, a very small business.
Hunan Hualian China Industry Co. Ltd.Hit a fourth consecutive limit-up on MLCC/zirconia theme, but company clarified zirconia powder is only in small-volume qualification with no stable revenue and the business is just 1.15% of total revenue.
Chaozhou Three-circle Group Co LtdNamed as the customer whose MLCC powder supplier qualification Huaci's zirconia powder has entered, but no confirmed large-scale supply or revenue.
