ChinaContemporary Amperex’s shares fell 15% despite 21.2 billion yuan quarterly profit.

China’s Shanghai tech-board 50 index fell 6.77% in the week to 16 October, its fourth straight weekly loss.

The battery maker’s gross margin fell to 20.69%, and its profit missed the lowest analyst forecast.

Optical-chip maker Yuanjie forecast third-quarter profit up as much as 659.7%, and its shares rose 3.64% after.

Traders are pricing whether the US Federal Communications Commission widens its restricted-company list.

How each outlet framed it
TMTPost
reads the sell-off as a valuation repricing, not an earnings miss, citing CATL's 14.54% profit growth below every forecast and the 2% battery consumption tax

Sources: TMTPost