Shenwan Hongyuan Semiconductor Industry 2026 Strategy: Focusing on Computing Power, Self-Controllability, and Memory Cycles
China's AI chip market is booming, with the expansion of advanced process nodes progressing faster than expected.
A+H! Collective Surge in Leading Semiconductor Stocks
① Affected by the upturn in the chip industry, the semiconductor sectors of both the A-share and Hong Kong stock markets collectively rose today; ② Wafer foundry enterprises in Mainland China and Taiwan, China have announced price increase plans. There is strong demand for storage, analog, and power components closely related to AI; ③ Looking ahead at the impact of price hikes across the semiconductor supply chain, insiders note that overall opportunities and challenges coexist, while the multi-layered effects on end markets become evident as the impacts propagate through the industrial chain.
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.
New developments reported for five companies: Registration for Taijin Xinneng and Lianxun Instruments has taken effect; Shenghe Jingwei, Zhongtu Technology, and others have been inquired | STAR Market IPO Weekly Report
① From January 26 to February 1, a total of four companies striving for IPOs on the STAR Market updated their progress. Taijin Xinneng and Lianxun Instruments have received effective registration; Zhaoxin Integration, Shenghe Jingwei, and Zhongtu Technology have been queried; ② The registration application for Taijin Xinneng's initial public offering and listing on the STAR Market has officially taken effect. This company is the first STAR Market IPO enterprise accepted by the Shanghai Stock Exchange since the issuance of the new 'State Council Nine Articles.'
Express News | Xinlian Integrated Circuit invests in Shanghai Embodied Intelligence Venture Capital Partnership.
Xinlian Integrated: Annual Performance Forecast for 2025 of Xinlian Integrated Circuit Manufacturing Co., Ltd.
CoreLink Integrated Circuit Manufacturing Co., Ltd. 2025 Annual Performance Forecast
Express News | Selected Highlights of Key Earnings Announcements from A-Share Listed Companies After Market Close
Express News | Xinlian Integrated Circuit: Estimated net loss of 5.77 billion yuan in 2025, representing a year-on-year reduction in losses of approximately 40.02%.
Express News | CoreLink Integration and Xingyu Co., Ltd. will collaborate to establish a subsidiary for the construction of a Micro-LED project with a scale of 30 billion yuan.
Orient Securities: AI is driving the growth in demand for power ICs, which is expected to continuously boost the demand for mature process technologies.
According to TrendForce, some wafer manufacturers anticipate that the eight-inch capacity will tighten by 2026 and have already notified their clients of an increase in foundry prices ranging from 5% to 20%.
Wolei Intelligent's STAR Market IPO has been queried, ranking first among local third-party testing equipment manufacturers.
On January 14, Hangzhou Wolei Intelligent Technology Co., Ltd. (referred to as 'Wolei Intelligent') had its listing review status on the Shanghai Stock Exchange's STAR Market changed to 'Under Inquiry.' CITIC Securities is acting as its sponsor institution, with a planned fundraising amount of 1.004 billion yuan.
Yadian Technology's STAR Market IPO has been "terminated." Its domestically produced slot-type wet cleaning equipment ranks second in market share among domestic brands.
On January 14, the IPO review status of Jiangsu Yadian Technology Co., Ltd. (referred to as Yadian Technology) on the STAR Market of the Shanghai Stock Exchange was changed to 'Terminated'.
Xinlian Integrated Circuit (688469.SH): Normal production and operation, with a full order book.
Gelonghui reported on January 9 that Xinlian Integrated Circuit (688469.SH) stated on the investor interaction platform that the company’s production and operations are normal, with a full order book.
CES 2026 Unveils Groundbreaking New Chips! Multiple Semiconductor Stocks Reach Record Highs—How Will the 2nm Process Reshape the Chip Manufacturing Landscape?
The CES conference in Las Vegas in January 2026, which was expected to be a grand celebration of consumer electronics and AI PCs, unexpectedly became a 'dark horse' moment for the semiconductor manufacturing industry.