Sidike's profit jumps and it bets big on MLCC materials
First-half profit up 82% Sidike's first-half 2026 net profit rose 82.38% to 46.0 million yuan, with second-quarter profit up 102% from the first quarter. Stronger earnings show the business is growing and can support the stock price.
This is the core fundamental improvement that makes the stock more valuable.
Cash flow and debt raise caution The same interim report showed operating cash flow was negative 72.8 million yuan, a sharp reversal from last year, and the debt ratio was 67.51%. Weak cash generation and high borrowing are a real risk that can weigh on the stock.
It is the main counterweight to the good profit news and gives a fair picture.
MLCC boom lifts demand MLCC prices have surged since June 2026, with high-capacitance parts up 60–80%, and overseas leaders reported record profits and orders. Sidike is a top gainer in the MLCC concept, so the industry upcycle supports its sales and stock price.
It explains the strong industry demand behind Sidike's products and share-price gains.
1.65 billion yuan expansion Sidike plans to invest 1.652 billion yuan in a new plant to make 103,000 tonnes of high-end BOPET base film, mainly for MLCC manufacturing. This big capacity bet aims to capture growing demand, though it needs shareholder and government approvals.
It is the largest new capital commitment and directly ties Sidike to the MLCC supply chain.