STOCKS | Torch Electron Says Self-Produced MLCC Revenue Share Remains Small After Share Price Surge

Torch Electron said its shares showed abnormal trading volatility after the stock’s cumulative deviation in daily closing price gains exceeded 20% over two consecutive sessions on June 24, 2026, and June 25, 2026. According to Jin10, the company said that as of the end of 2025, revenue from its self-produced MLCC business accounted for a small proportion of main business revenue. It added that applications in computing-power infrastructure were still in a cultivation stage, with related revenue at an extremely low share and limited impact on overall performance. In a risk disclosure, Torch Electron said its latest trailing price-to-earnings ratio was 128.5 times, higher than the industry’s 90.49 times. The company also said that from the close on May 6, 2026, to the close on June 25, 2026, its shares rose 131.38%, and that the short-term increase was relatively large. Torch Electron reported first-quarter 2026 operating revenue of 1.35 billion yuan, up 77.16% year on year. Net profit attributable to shareholders was 40 million yuan, down 62.82% year on year. The company said that after internal checks and verification with its controlling shareholder and actual controller, there were no major matters that should have been disclosed but were not disclosed.