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Zhenbao Technology's STAR Market IPO to Face Review: Full-Chain Technology to Drive Localization Breakthrough in Semiconductor Components
On the evening of February 27, the STAR Market Listing Review Committee of the Shanghai Stock Exchange announced that it would convene the 7th review meeting of 2026 on March 5, 2026, to examine the initial public offering and listing application of Chongqing Zhenbao Technology Co., Ltd. (hereinafter referred to as 'Zhenbao Technology') on the STAR Market. Currently, the global semiconductor industry's progress toward self-reliance and controllability is accelerating, with an urgent demand for the domestic substitution of core components. The company is expected to leverage the power of the capital market to further broaden the pathways for technology transformation and capacity release, thereby supporting the accelerated realization of self-reliance and controllability in China’s semiconductor component industry. An integrated industrial chain layout has been established to build core competitive advantages since its founding in 20.
United Nova Technology's Attributable Loss Narrows by 40% in 2025
Xinlian Integrated: Announcement on the 2025 Annual Performance Quick Report of Xinlian Integrated Circuit Manufacturing Co., Ltd.
Announcement on the Preliminary Financial Results for 2025 of Xinlian Integrated Circuit Manufacturing Co., Ltd.
Xinlian Integrated (688469.SH): Net loss of 5.74 billion yuan in 2025
Gelonghui, February 26th: Xinlian Integrated (688469.SH) announced its 2025 annual earnings report. During the reporting period, the company expects to achieve total operating revenue of 8.182 billion yuan, representing a year-on-year increase of 25.70%; net profit attributable to the parent company's owners is -574 million yuan, with a year-on-year reduction in losses of 40.31%; net profit attributable to the parent company's owners excluding non-operating gains and losses is -1.093 billion yuan, with a year-on-year reduction in losses of 22.48%; basic earnings per share are -0.08 yuan, with a year-on-year reduction in losses of 42.86%. During the reporting period, the company achieved a gross profit margin of 5.56%, up by 4.53 percentage points year on year.
CoreLink Integration (688469): Continued growth driven by automotive and AI, nearing profitability inflection point
The company has released its earnings forecast, estimating that it will achieve operating revenue of approximately RMB 8.19 billion in 2025, representing a year-on-year increase of about 25.83%. The net profit attributable to shareholders is expected to be approximately -RMB 577 million, reflecting a reduction in losses of about RMB 385 million compared to the previous year. Key investment highlights follow.