Several integrated circuit companies listed on the STAR Market have achieved impressive performance, with industry prosperity on the rise.

Securities Daily Reporter Mao Yirong

Under the wave of artificial intelligence, companies in the integrated circuit industry chain are entering a golden period of development, with industry prosperity rising. According to published performance data, 128 listed companies in the STAR Market’s integrated circuit sector are projected to achieve a total revenue of 365.1 billion yuan and a net profit of 27.9 billion yuan in 2025, representing year-over-year increases of 25% and 83%, respectively. More than 60% of these companies are expected to see performance growth or return to profitability.

For example, leading AI chip company Cambrian Technology Co., Ltd. achieved a historic breakthrough, with full-year revenue reaching 6.497 billion yuan in 2025, a significant increase of 453.21% year-over-year; net profit attributable to shareholders was 2.059 billion yuan. This marks the company’s first annual profit since listing on the STAR Market.

Additionally, domestic computing power chip companies Moorthelon Intelligent Technology (Beijing) Co., Ltd. and Muxi Integrated Circuits (Shanghai) Co., Ltd. saw revenue growth of 243.4% and 121.3%, respectively. Although still unprofitable, their losses have been significantly reduced.

Benefiting from the global storage chip industry entering an upcycle, Shenzhen Baiwei Storage Technology Co., Ltd. (referred to as “Baiwei Storage”) achieved revenue of 11.302 billion yuan in 2025, up 68.82% year-over-year, with net profit attributable to shareholders soaring 429% to 853 million yuan. The company’s performance greatly exceeded market expectations. The annual report shows that Baiwei Storage continued to increase R&D investment in 2025, with R&D expenses reaching 630 million yuan, a 41.34% increase.

In the packaging and testing segment, Hefei Xinhui Cheng Microelectronics Co., Ltd. has gradually released new capacity, with customer orders continuously increasing. In 2025, the company achieved revenue of 1.783 billion yuan, up 18.79%, with shipment volume and profitability both rising. The company has continued to strengthen R&D in advanced integrated circuit packaging and testing, with annual R&D spending surpassing 100 million yuan for the first time, and has introduced mass production of wafer thinning surface stress improvement technology and composite copper-nickel gold bump processes.

SMIC (Shenzhen) Co., Ltd. has maintained ongoing R&D investment, launching 22 new products in 2025. The company achieved revenue of 1.122 billion yuan, up 23.09%, and net profit attributable to shareholders of 284 million yuan, an increase of 107.68%.

Leading semiconductor cleaning equipment manufacturer Semicore Semiconductor Equipment (Shanghai) Co., Ltd. reported that in 2025, the company’s revenue reached 6.786 billion yuan, up 20.80%, with net profit attributable to shareholders of 1.396 billion yuan, up 21.05%. The company plans to distribute a cash dividend of 299 million yuan in 2025, sharing its growth results with investors.

Jucheng Semiconductor Co., Ltd. mainly focuses on R&D, design, and sales of high-performance, high-quality integrated circuit products, providing application solutions and technical support services. Its main products include storage chips, mixed-signal chips, and NFC chips. In 2025, the company achieved revenue of 1.221 billion yuan, up 18.77%, and net profit attributable to shareholders of 364 million yuan, an increase of 25.25%.

Benefiting from the favorable market trend for storage chips and increased demand, Pran Semiconductor (Shanghai) Co., Ltd. achieved a revenue of 2.32 billion yuan in 2025, up 28.62%, setting a new high since its establishment.

In 2025, Anhui XinDong Lianke Micro System Co., Ltd. achieved revenue of 524 million yuan, up 29.48%, with net profit attributable to the parent company of 303 million yuan, up 36.56%. Thanks to its leading product performance, independent R&D, and expanding application fields, the company’s market penetration continues to grow, with strong downstream customer orders driving sales volume and revenue growth.

Overall, the performance of integrated circuit companies on the STAR Market is robust. A large number of high-tech enterprises are delivering impressive annual results driven by breakthroughs in core technologies, increasing market demand, and accelerated commercialization, demonstrating China’s strong resilience and growth potential in technological innovation.