On September 18, VGT rose 3.16% in regular trading, trading at 203.0 HKD/share, with turnover of approximately 51.91 million HKD, showing signs of recovery after a sustained pullback.

On the news front, the company convened its third extraordinary general meeting on September 18 to vote on its A-share restricted stock incentive plan and first employee stock ownership plan, aimed at deepening alignment between employees and the company. Simultaneously, multiple brokerages have published bullish outlooks on the PCB sector for the second half. CITIC Securities cited AI iteration and volume ramp-up combined with traditional segment price increases as drivers of strong earnings, while Guojin Securities noted that PCB earnings growth is expected to accelerate from the third quarter onward.

The rebound follows a period of sustained weakness driven by Q2 single-quarter non-GAAP net profit declining 5.28% year-over-year, H1 gross margin contracting 3 percentage points to 33.2%, and concerns over the controlling shareholder's equity restructuring. Recent institutional research from firms including Red Earth Innovation, Quanguo, and CGL highlighted that high-tier HDI mix improvement has pushed PCB gross margin to 40%, while the approximately 2 billion yuan inventory build in Q2 reflects proactive stocking ahead of H2 mass production.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)