Shares in Chinese MLCC makers rise as AI lifts sales and profits

CCTC and Guangdong Fenghua have reported strong first-half results as AI data centre demand drives MLCC orders and a global pricing upcycle

China’s top makers of multilayer ceramic capacitors (MLCCs) – ubiquitous components known as the “rice of the electronics industry” – saw their shares rise on Friday after reporting ballooning first-half sales and profits amid soaring demand linked to AI.

The rally followed strong first-half earnings reported on Thursday. CCTC’s revenue surged 55 per cent to 6.4 billion yuan (US$952.3 million), while its net profit jumped 56 per cent to 1.9 billion yuan.

On the same day, domestic rival Guangdong Fenghua said its net profit for the first half of 2026 rose 74 per cent year on year to 290.3 million yuan. Sales increased 26 per cent to 3.5 billion yuan.

For the second half of 2026, CCTC said it would step up its push into high-end MLCCs for the server and automotive sectors, seeking breakthroughs in – and mass production of – ultra-high-capacitance, large-format products.