Dongguan Mentech Optical & Magnetic Co Ltd: Recent Market Movements
Dongguan Mentech Optical & Magnetic Co., Ltd., a company specializing in communication supplies within the Information Technology sector, has been part of a notable market movement on June 12, 2025. The company, which operates in the electronic equipment, instruments, and components industry, is listed on the Shenzhen Stock Exchange. It produces and sells communication magnetic components, communication optoelectronics, and communication power supply systems, primarily marketing its products throughout China.
Market Performance and Trends
On June 12, 2025, Dongguan Mentech, also known by its stock code 002902, experienced significant market activity. The company’s stock price surged, reaching a “limit-up” status, which indicates a maximum allowable increase in a single trading session. This surge was part of a broader trend affecting companies within the CPO (Copper Cable High-Speed Connection) concept, which saw a rebound in their stock prices.
Key Market News
CPO Concept Stocks Rally: On June 12, 2025, CPO concept stocks, including Dongguan Mentech, experienced a rally. The company’s stock price increased by over 11%, with other companies like Tianfu Communications and Zhongji Xuchuang also seeing significant gains.
Short-term Upswing in Copper Cable High-Speed Connection Sector: The sector experienced a short-term upswing, with Dongguan Mentech’s stock reaching its daily price limit. Other companies in the sector, such as Wolon Nuclear Materials and Taicheng Optoelectronics, also saw their stock prices rise.
Recent Financing Activity: In the days leading up to the rally, Dongguan Mentech engaged in significant financing activities. On June 11, the company received financing purchases amounting to 863.34 million yuan, representing 19.69% of the day’s total purchase amount. The following day, on June 10, the company received financing purchases of 1.168 billion yuan, accounting for 17.30% of the day’s total. As of June 11, the company’s financing balance stood at 1.87 billion yuan, which is 5.60% of its circulating market value, below the historical 30% percentile level.
Company Overview
Dongguan Mentech Optical & Magnetic Co., Ltd. is a key player in the communication supplies manufacturing industry, focusing on electronic equipment instruments and components. The company is listed on the Shenzhen Stock Exchange and trades in CNH currency. As of June 10, 2025, the company’s close price was 18.81 CNH, with a market capitalization of 4.49 billion CNH. The company’s price-to-earnings ratio stands at -14.2, reflecting its current financial performance.
For more information, visit the company’s official website at www.mnc-tek.com .