On Thursday, 27 November 2025, Victory Giant Technology (HuiZhou) Co., Ltd. Class A shares (300476.SZ) once again sat at the center of China’s AI hardware trade. The Shenzhen‑listed printed‑circuit‑board (PCB) maker saw sharp intraday swings, heavy sector‑wide flows, and fresh headlines ranging from ETF‑driven buying to a high‑profile school donation in its home city of Huizhou.
As of the latest close in Shenzhen, Victory Giant’s Class A stock was trading around CNY 277 per share, essentially flat on the day, after moving between roughly CNY 275.21 and CNY 289.89 in a volatile session. The company now carries a market capitalization of about CNY 219 billion, with a trailing P/E ratio in the mid‑60s and a 52‑week range of CNY 36.64 to CNY 355, reflecting a spectacular multi‑hundred‑percent rally in 2025. [1]
Below is a breakdown of all the key news and market moves on 27 November 2025 that matter for Victory Giant Technology Class A stock.
1. How Victory Giant’s Class A Shares Traded Today
Intraday price action
- By the afternoon close, Victory Giant traded just above CNY 277, only marginally higher than Wednesday’s last close of CNY 277.00, leaving the day’s percentage move close to zero. [2]
- During the session, however, the stock was anything but quiet: it traded in a wide band between about CNY 275.21 and CNY 289.89, implying intraday swings of more than 5%. [3]
That volatility fits the pattern investors have seen throughout November. In the ten trading days up to and including 27 November, Victory Giant’s daily move has frequently exceeded 3–5%, with several sessions showing double‑digit percentage swings, even on otherwise modest index days. [4]
Electronics‑led rally, then profit‑taking
The broader electronics sector was one of the strongest groups in China’s A‑share market this morning, buoyed by AI hardware optimism and supportive policy headlines:
- A widely cited report from Sina Finance noted that by mid‑morning on 27 November, the electronics sector had attracted roughly CNY 11.1 billion of net “main” capital inflows, with cumulative five‑day inflows around CNY 40.7 billion—placing electronics at the top of all Shenwan first‑level industries by capital attraction. [5]
- Within that sector, PCB names were highlighted, with Shengyi Technology up more than 6% and Victory Giant “up over 4%” early in the session, before later giving back most of those gains. [6]
A separate market update from financial news outlet Jiemian, focusing on the ChiNext 50 ETF (159681), showed that as of 10:24 a.m. Beijing time, Victory Giant was still up about 3.34% and listed among the major contributors to the ETF’s rise. [7]
Later in the day, broader growth indices faded. Coverage from WallstreetCN described how the ChiNext index narrowed its gains from more than 2% intraday to under 1%, with Victory Giant and power‑electronics peer Sungrow “spiking and then pulling back,” illustrating profit‑taking in high‑beta AI hardware names. [8]
Net result: Victory Giant’s Class A stock finished close to flat, but only after a roller‑coaster session typical of a hot momentum trade where short‑term traders are quick to lock in gains.
2. Sector Flows: AI Hardware, PCBs and ETF Buying
Today’s price action in Victory Giant cannot be separated from the broader AI‑hardware and electronics narrative.
Electronics and AI demand in focus
- The Sina ETF note linked today’s move to policy support for AI and smart consumption, citing a joint government plan encouraging platform companies to deploy artificial intelligence to better match consumer supply and demand—seen as a structural positive for consumer electronics and related components. [9]
- On the hardware side, both Sina and Jiemian cited research pointing to accelerating demand for high‑speed optical modules and PCB/CCL (copper‑clad laminate) products as AI server deployments push data‑center bandwidth higher. HSBC and Citi were referenced as expecting a “dual up‑cycle” in technology and pricing for PCB vendors serving AI servers. [10]
Victory Giant is right at the intersection of these themes. The company is a leading supplier of high‑precision PCBs used in AI servers, high‑performance computing, cloud data‑center switches, 5G base stations, smart devices and automotive electronics, with a growing footprint in overseas markets including the US, Europe and Japan. [11]
That positioning explains why Victory Giant is heavily weighted in multiple electronics‑focused ETFs and indices—such as the ChiNext 50 and specialist electronics funds—and why it tends to move sharply whenever AI hardware demand is in the news.
3. Fresh Fund‑Flow Data: Massive Inflows on 26 November
Although there was no new official regulatory filing from Victory Giant itself on 27 November, a new fund‑flow report published today shed light on just how aggressive institutional buying was in the previous session:
- According to data from Securities Star (证券之星), main (“smart”) funds recorded a net purchase of about CNY 904 million in Victory Giant on 26 November, the day the stock jumped 4.51% to close at CNY 277.00, with turnover of roughly 46.34 million shares and transaction value of CNY 12.762 billion. [12]
Put differently, institutional money piled into the name yesterday, helping to drive a steep two‑day rebound from the pullbacks seen earlier in November.
That surge in buying comes just two weeks after a very different picture. On 14 November, data compiled by Securities Times showed that Victory Giant was among the top technology names suffering heavy fund outflows, with main capital net sales exceeding CNY 7 billion, and tail‑end (“late‑day”) outflows of about CNY 4.59 billion, the largest in the market that day. [13]
Together, those reports underline how trader positioning has become extremely active around Victory Giant: fast money rotates in and out of the name as sentiment toward AI hardware swings between euphoria and consolidation.
4. New CSR Headline: Victory Giant Donates a New High‑School Campus in Huizhou
Away from the trading screen, one of today’s most concrete Victory Giant news items is social, not financial.
Local media outlet Nanfang+ reported that on the morning of 27 November, Victory Giant Technology (HuiZhou) Co., Ltd. signed an agreement to donate and build a new campus for Huizhou No.1 Middle School, to be named the “Huizhou No.1 Middle School Victory Giant Campus.” [14]
Key details from the report:
- The project will add 45 general high‑school classes and about 2,250 new public school seats, helping to alleviate tight capacity in Huizhou’s public high‑school system. [15]
- Victory Giant will fund and organize the construction, while the local government will operate the campus under a “company builds, government runs” model. After completion and acceptance, the facilities will be handed over to Huizhou No.1 Middle School for management. [16]
- The campus is planned on a site adjacent to the school’s existing high‑school division, with a planned construction area of about 56,000 square meters, including teaching buildings, a comprehensive building, dormitories, canteen, library, sports hall and outdoor sports fields. [17]
- Construction is scheduled to start in December 2025, with a nine‑month build period, aiming to complete main works by June 2026 and open the campus for use in September 2026. [18]
For investors, the project doesn’t directly change earnings in the near term, but it strengthens Victory Giant’s ESG and local‑community profile:
- It positions the company as a long‑term partner in Huizhou’s development, which can be meaningful when local governments allocate land, energy quotas and permitting for future factory expansions.
- It also supports the company’s “brand equity” among employees and local talent—important for a fast‑growing manufacturing firm that already employs more than 13,000 people globally. [19]
5. Earnings Momentum: Q3 2025 Numbers Behind the Rally
Today’s trading builds on a string of blow‑out earnings figures released at the end of October.
Broker research citing the company’s Q3 2025 report highlights the following for the nine months to 30 September 2025: [20]
- Revenue: about CNY 14.12 billion, up roughly 83% year‑on‑year.
- Net profit attributable to shareholders: about CNY 3.245 billion, up around 324% year‑on‑year.
- Net margin: over 21%, more than double the year‑earlier level.
For Q3 2025 alone, Victory Giant achieved:
- Revenue of roughly CNY 5.09 billion, up 78.95% vs. the same quarter in 2024.
- Net profit of about CNY 1.10–1.11 billion, up around 260% year‑on‑year. [21]
Shanghai Securities, in a performance review published earlier this month, attributed the earnings surge primarily to:
- Exploding demand for AI computing and AI servers, where high‑layer‑count PCBs are critical components.
- New production capacity specifically built for AI‑related orders, with factories running at high utilization and order books described as “full.” [22]
The same research note emphasizes Victory Giant’s technological edge:
- Mass‑production capability for high‑multilayer PCBs exceeding 70 layers, with R&D reserves for boards above 100 layers.
- Advanced thick‑board technology (e.g., 10 mm boards with aspect ratios around 40:1, and ongoing development of 14.5 mm boards) to accommodate ever‑larger AI chips and more complex power‑delivery and cooling designs. [23]
This combination of hyper‑growth and high‑end technology is at the heart of why Victory Giant has become one of the standout AI hardware plays in Asia.
6. Valuation, Performance and the Nvidia Connection
Victory Giant’s meteoric share‑price rise in 2025 is tightly linked to its role in the Nvidia AI supply chain.
- Business‑Standard and Bloomberg reporting earlier this month noted that Victory Giant’s shares have risen around 600% this year, making it one of the top performers in the MSCI Asia Pacific Index and sending founder Chen Tao and his wife into the ranks of China’s richest AI billionaires. [24]
- Data from CompaniesMarketCap shows a 2025 year‑to‑date gain above 570% and a one‑year performance over 640%, reflecting how violently the market has repriced the stock as AI PCB demand exploded. [25]
At today’s price near CNY 277, Victory Giant trades at roughly:
- Mid‑60s trailing P/E,
- A tiny dividend yield around 0.1%, and
- A market cap over CNY 200 billion. [26]
Recent commentary from EET‑China and other outlets has been more cautious, pointing out that:
- The share price surge (over 500% in 2025) rests heavily on expectations that AI PCB demand will stay tight for years, supported by Nvidia and other global chipmakers. [27]
- Victory Giant faces concentration risk: Nvidia is a key customer, and geopolitical tensions, export controls or shifts in US tech companies’ supplier diversification strategies could challenge its growth path.
- To mitigate this, the company is rapidly adding overseas capacity, including a new Vietnamese base for high‑end HDI boards and a capital‑intensive expansion in Thailand aimed at serving export‑sensitive Western clients. [28]
In short, today’s near‑flat close doesn’t change the big picture: Victory Giant remains a high‑growth, high‑valuation AI infrastructure play with meaningful geopolitical and customer‑concentration risks.
7. What Today’s News Means for Victory Giant Investors
Putting all of 27 November’s developments together, a few themes stand out for anyone tracking Victory Giant Technology Class A stock:
- Volatility is structural, not incidental.
Even on a day that ended roughly unchanged, Victory Giant swung more than 5% intraday and at one point was up over 3–4% as electronics and AI hardware names surged. Short‑term traders are actively fading these spikes, and news‑driven moves can reverse quickly. [29] - Fund flows confirm the stock is still a battleground.
The new data showing nearly CNY 0.9–1.0 billion of main‑fund inflows on 26 November stands in sharp contrast to mid‑November, when Victory Giant topped the market for main‑fund outflows. That whipsaw points to heavy institutional rotation rather than a quiet, stable shareholder base. [30] - Fundamentals remain exceptionally strong.
Q3 2025 results—triple‑digit profit growth and expanding margins—continue to underpin the bull case. The latest broker research still forecasts robust revenue and earnings growth through 2027, driven by AI server demand, high‑end multilayer PCBs and overseas capacity ramp‑up. [31] - Valuation leaves little room for disappointment.
With the stock trading at roughly 60–70 times trailing earnings after a 500%+ run, Victory Giant is priced for continued hyper‑growth. Any slowdown in AI PCB spending, delay in overseas factories, or shift in Nvidia’s sourcing strategy could trigger sharp drawdowns—something November’s violent swings have already hinted at. [32] - CSR moves may support long‑term positioning and ESG scores.
Today’s announcement that the company will fund and build a new Victory‑branded public high‑school campus in Huizhou strengthens its local roots and could improve ESG perceptions among some institutional investors, even if the near‑term impact on earnings is limited. [33]
Final Thoughts
For 27 November 2025, Victory Giant Technology (HuiZhou) Co., Ltd. Class A stock delivered another textbook “hot AI hardware” trading day:
- big intraday moves,
- rapid rotations of institutional money,
- supportive sector and policy headlines,
- and a new high‑profile CSR project at home.
At the same time, the stock’s lofty valuation, dependence on AI infrastructure capex, and exposure to geopolitical risk mean that volatility is likely here to stay.
References
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