SiC concept stocks Hanlei surged to 57.7 yuan: Can technological breakthroughs support the stock price rally?

The hottest topic in the semiconductor sector recently belongs to Hanlei. This stock’s performance has been astonishing—on the 8th, it hit the daily limit again, with the share price soaring to 57.7 yuan, reaching a new high since November last year. Even more impressive, in just four trading days, it hit the limit three times, with a monthly increase of over 25%, making it a market darling.

Technological Breakthrough Ignites the SiC Concept Stock Limit-Up Engine

Behind Hanlei’s explosive stock price is a concrete catalyst. The company announced a technological breakthrough in the fourth-generation MOSFET process platform (G4) for silicon carbide (SiC). General Manager Liu Canwen stated that the new technology reduces chip size by 20% and lowers on-resistance by 20%, reaching “international industry standards.”

What attracts more market attention is the news that NVIDIA may adopt SiC materials in its next-generation GPUs. If Hanlei becomes a supply chain member, the potential for its future performance is limitless. Foreign investors and proprietary traders are moving in unison, buying together to push up SiC concept stocks, allowing the stock price to easily break above all moving averages, becoming a battlefield for capital competition.

The Truth Behind Limit-Ups: Speculation with a Breakout Trading Ratio Over 70%

However, the technological halo did not prevent speculators from entering. The trend on the 5th was dramatic—early in the session, the stock surged to 56.5 yuan, a 4.24% increase, but faced strong selling pressure and quickly turned negative, ending the day down 3.14% at 52.5 yuan.

More noteworthy is the trading structure on that day: the volume of day-trading transactions reached 50,285 lots, with a day-trading ratio exceeding 71%. This means that the vast majority of traders are engaging in short-term speculation. Hanlei, as an SiC concept stock, has long become a speculative chip, with its price movements no longer reflecting fundamentals but directly mirroring market sentiment.

The Harsh Reality of Seven Consecutive Losses: The Deadly Gap Between Story and Performance

However, behind the attractive technical story, Hanlei’s operational situation is less optimistic. Financial reports show that the company has suffered losses for seven consecutive quarters, with a loss of 1.02 yuan per share in the first half of this year. Although revenue improved in July, the total revenue for the first seven months still declined by 7.9% compared to the same period last year.

The implication of these data is clear: the current rise of SiC concept stocks is more driven by “imagination” than “reality.” The technological breakthrough is still some distance from commercialization, and the short-term surge in stock price is entirely based on future expectations.

Investment Reminder: Beware of Bubble Risks Under the Tech Story

For ordinary investors, Hanlei’s story is indeed attractive, but given the huge gap between fundamentals and stock price, maintaining rationality is essential. Technological innovation from lab to commercialization takes time, and the enthusiasm of short-term capital often fades quickly.

The frenzy around SiC concept stocks usually leaves only a trail of dust in the end. When chasing hot spots, don’t forget to assess the risks.