Shanghai, Jan 20, 2026, 10:16 GMT+8 — Regular session
Piotech Inc’s Class A shares (688072.SH) dropped 1.7% to 368.70 yuan by 10:15 a.m. in Shanghai, swinging between 366.02 and 379.76 yuan earlier in the session. 1
The pullback came after China held its benchmark lending rates steady, with the one-year loan prime rate (LPR) staying at 3.0% and the five-year LPR remaining at 3.5%. The LPR serves as the benchmark for pricing most loans and mortgages. 2
Chip-equipment stocks remain sensitive to policy signals. With no rate change this time, investors are parsing the central bank’s stance for hints about how credit conditions might shape factory spending and risk asset appetite in the coming weeks.
Piotech faced selling pressure on Tuesday following a 2.77% drop Monday, closing at 375.00 yuan. There was a negotiated block trade of 422,000 shares worth 157 million yuan that crossed at 371.67 yuan, marking a 0.89% discount to Monday’s close, according to data from Sina Finance. 3
Block trades are pre-arranged agreements, often used to transfer large stakes without hitting the public order book. A discount may signal a seller eager to offload quickly, but it can also just indicate normal repositioning.
Piotech produces thin-film deposition gear for chip manufacturing, including plasma-enhanced chemical vapor deposition and atomic layer deposition systems, according to its company profile. 4
Investors are eyeing a shareholder meeting scheduled for Jan. 26, when the company will vote on a board change following a director’s resignation and the nomination of a successor, according to a company notice. 5
The downside is straightforward. If additional supply emerges via block trades or shareholder selling, the stock could remain pressured despite any stabilization in the wider semiconductor sector.
The upcoming Jan. 26 shareholder vote is the next key event. At the same time, macro traders are eyeing possible changes in rate-cut expectations following the LPR decision. Some market watchers flag February as a crucial month for a potential broader policy shift. 6
