Shares of TIANLI HOLDINGS (00117) have risen by more than 6%. At the time of writing, the stock is up 6.36%, trading at HK$7.19 with a turnover of HK$151 million.

Market catalysts are emerging, with reports from channel distributors indicating that the current shortage of Multi-Layer Ceramic Capacitors (MLCCs) is no longer confined to those used in AI applications. Key specification products across the board are now in tight supply.

This supply crunch is projected to persist until 2027 or even 2028, potentially surpassing the severity of the passive component shortage experienced in 2018.

TIANLI HOLDINGS is an investment holding company primarily engaged in the ceramic capacitor business. According to its 2025 annual report, the company generated MLCC revenue of RMB 639 million last year, with its gross profit margin increasing to 21.2%.