Cambricon achieves its first profit, and Buwei Storage's net profit soars by 429%! The integrated circuit companies on the STAR Market collectively see explosive growth, with these two sectors leading the way →

Under the dual drives of the wave of artificial intelligence and autonomous control, the integrated circuit industry chain companies are ushering in a golden period of development, delivering a series of impressive performance reports.

According to previously disclosed performance reports, 128 relevant listed companies in the integrated circuit sector on the Sci-Tech Innovation Board achieved a total revenue of 365.1 billion yuan and a net profit of 27.9 billion yuan, representing year-on-year growth of 25% and 83%, respectively, with over 60% of companies expected to increase their performance or turn losses into profits.

AI chip leader Cambricon achieved an annual operating income of 6.497 billion yuan in 2025, an increase of 453.21% year-on-year; the net profit attributable to the parent company was 2.059 billion yuan, marking the first time the company has achieved annual profitability since its listing on the Sci-Tech Innovation Board.

Cambricon’s key accounting data for 2025 is based on the company’s announcement.

Domestic computing power chip companies Moore Threads and Muxi Co., Ltd. saw revenue growth of 243.4% and 121.3% respectively in 2025. Although they are still not profitable, their losses have significantly narrowed, indicating a positive overall development trend for domestic AI chip companies.

Storage chip company Biwei Storage achieved a revenue of 11.302 billion yuan in 2025, a year-on-year increase of 68.82%; the net profit attributable to the parent company was 853 million yuan, an increase of 429% year-on-year, significantly exceeding market expectations.

The annual report shows that the company continued to increase its R&D investment in 2025, with R&D expenses reaching 630 million yuan, a year-on-year increase of 41.34%; self-developed eMMC main control achieved mass production and batch delivery to leading customers, Mini SSD won an international prestigious award, and automotive-grade storage passed authoritative certification, with wafer-level packaging and testing equipment businesses also making breakthroughs.

The reporter noted that benefiting from the global storage chip industry entering an upward cycle, Biwei Storage has experienced explosive growth in performance since the fourth quarter of 2025, with net profit attributable to the parent company in the first two months of 2026 expected to reach 1.7 to 2.1 times that of the entire year of 2025.

At the packaging and testing stage, Sci-Tech Innovation Board company Huicheng Co., Ltd. has gradually released its newly expanded production capacity, with customer orders continuously increasing. The company achieved an annual revenue of 1.783 billion yuan in 2025, a year-on-year increase of 18.79%, with both shipment volume and profitability improving simultaneously.

The company has continued to increase its R&D efforts in advanced packaging testing of integrated circuits, with annual R&D investment exceeding 100 million yuan for the first time. Multiple projects, including wafer thinning surface stress enhancement technology research and composite copper-nickel gold bump process research, have entered mass production.

MCU manufacturer Zhongwei Semiconductor achieved record chip shipments of nearly 4 billion units in 2025, and product gross margins have significantly rebounded, with overall gross margin increasing from 30% to 34%. The company realized annual operating income of 1.122 billion yuan, a year-on-year increase of 23.09%, and a net profit attributable to the parent company of 284 million yuan, a year-on-year increase of 107.68%.

Leading semiconductor cleaning equipment company Shengmei Shanghai’s annual report shows that in 2025, the international market shares of the company’s cleaning equipment and plating equipment ranked fourth and third globally, respectively. The company achieved annual revenue of 6.786 billion yuan, a year-on-year increase of 20.80%; the net profit attributable to the parent company was 1.396 billion yuan, a year-on-year increase of 21.05%.

Jucheng Co., Ltd., primarily engaged in the R&D design and sales of high-performance, high-quality integrated circuit products, achieved revenue of 1.221 billion yuan in 2025, a year-on-year increase of 18.77%; it achieved a net profit attributable to the parent company of 364 million yuan, a year-on-year increase of 25.25%.

The company’s DDR5 SPD chips, automotive-grade EEPROM chips, and high-performance industrial-grade EEPROM chips all achieved rapid growth in shipments compared to the same period last year, and optical image stabilization (OIS) camera motor drive chips were adopted in several mid-to-high-end models of mainstream smartphone brands for commercial use.

Puran Co., Ltd. achieved operating income of 2.320 billion yuan in 2025, a year-on-year increase of 28.62%, setting a historical high since its establishment. Thanks to the positive industrial trends in the storage chip market and strong industry demand leading to increased shipments of core products, as well as the steady implementation of the “storage+” strategy, the company’s market share of new MCU and analog products continues to expand, and it has further improved its product line layout through acquisitions.

Xindong Link Technology achieved total revenue of 524 million yuan in 2025, a year-on-year increase of 29.48%; the net profit attributable to the parent company was 303 million yuan, a year-on-year increase of 36.56%. With advantages in product performance and independent R&D, the company is continuously expanding its application fields, increasing market penetration, and seeing strong demand for orders from downstream customers, resulting in significant growth in sales revenue.

From the disclosed performance situation, it can be seen that the integrated circuit sector overall performed strongly, with both revenue and net profit achieving steady growth. A large number of hard tech companies have delivered impressive annual results by leveraging core technological breakthroughs, increased market demand, and accelerated commercialization, fully demonstrating the strong development resilience and growth potential of China’s technology innovation enterprises.

The government work report for 2026 clearly states that it is necessary to accelerate the cultivation and expansion of new momentum, placing the integrated circuit industry at the forefront of emerging pillar industries. In line with the goal of accelerating high-level technological self-reliance and self-improvement, the report proposes work deployments such as “leveraging the advantages of a new type of national system to advance key core technology breakthroughs along the entire chain,” which will provide direction and inject strong confidence for improving the quality and efficiency of the integrated circuit industry.

| Financial Investment Reporter Zhang Luxuan |