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Keywei Microelectronics (688045): High-growth business and external acquisitions open up new opportunities
Event: The company released its 2025 annual report and Q1 2026 earnings report. In 2025, the company achieved operating revenue of 680 million yuan, a slight decrease of 0.7% year-on-year; net profit attributable to shareholders reached 12.08 million yuan, compared to a loss of 17.17 million yuan in the same period last year.
A-share Market Movement: Strong Performance Boosts Semiconductor Stocks, Cambricon Surges Over 9%
Gelonghui, April 30 | Semiconductor-related stocks in the A-share market collectively surged. Among them, Mingwei Electronics hit a 20% price limit, while Chiporiginal Corporation rose over 15%, Lianyun Technology increased by more than 11%, Cambricon Technologies gained over 9%, Sirepur Technology climbed over 8%, Microlead Nanotech and Topgene Tech both advanced by more than 7%. Additionally, Maxi Shares-U, ASR Technologies-U, Yutai Micro-U, and Qipai Technologies all rose over 6%. Furthermore, Litronics Micro, Jinghua Micro, Jucheng Shares, Loongson Zhongke, Biyiv Micro, Shenghepin Micro, and Zhongke Feice all saw gains exceeding 5%. In terms of news, on the evening of April 29, Cambricon Technologies announced its earnings report, showing that revenue for the first quarter of 2026 reached 2.88 billion yuan, representing a year-on-year increase.
Biyiwei (688045): Gross margin increased consecutively for seven quarters; acquisition of Xinggan to expand product portfolio in emerging fields.
On April 22, 2026, Biyiwei announced its Q1 2026 earnings report. In Q1 2026, the company achieved total operating revenue of 205 million yuan, representing a year-over-year increase of 66.38% and a quarter-over-quarter decrease of 7.80%. Net profit attributable to parent company...
BIYIWEI (688045) 2025 Annual Report and 2026 Q1 Report Commentary: Continuous Gross Margin Recovery Drives Accelerated Earnings Growth Through New Product Ramp-Up and Consolidation of Xinggan’s Financial Results
Event: On March 14, 2026, the company released its annual report for 2025; on April 22, 2026, the company released its first-quarter report for 2026: 1) For the full year of 2025, the company achieved operating revenue.
Biyiwei (688045): Comprehensive improvement in operational efficiency and effectiveness; platform-based strategy drives performance growth.
Key viewpoints: 1) The company's financial performance will turn a corner and achieve profitability in 2025, with high revenue and profit growth in Q1 2026. In 2025, the company is expected to realize a net profit attributable to shareholders of RMB 12,075,400, successfully reversing losses; Q1 2026 will continue the recovery momentum.
BiYiWei: BiYiWei\'s First Quarter Report for 2026