National Silicon Industry Group Co Ltd

National Silicon Industry Group announced on September 29 that its board of directors recently received a written resignation report from Chairman Jiang Haitao. Due to a change in work arrangements, he applied to resign from his positions as chairman of the third board of directors, director, member and convener of the strategy committee, member of the nomination committee, and member of the remuneration and assessment committee. After resigning, he will no longer hold any position at the company. Jiang Haitao is 54 years old this year and has served as a director of National Silicon Industry Group since June 10, 2021. Before his resignation, he was chairman of the company. He previously worked for a long time in the Shanghai port system and the Shanghai Federation of Trade Unions. Since May 2020, he has served as deputy party secretary of Shanghai Guosheng Group, and he currently serves as deputy party secretary, president, and director of that company. National Silicon Industry Group mainly produces polished wafers, epitaxial wafers, and SOI silicon wafers. On August 19, the company released its 2026 interim report. Operating revenue was 2.32 billion yuan, up 36.5 percent year on year. Net profit attributable to the parent company swung from a loss of 367 million yuan in the same period last year to a loss of 965 million yuan, with the loss widening further. Net profit attributable to the parent company after deducting non-recurring items swung from a loss of 481 million yuan in the same period last year to a loss of 958 million yuan, with the loss also widening further. Net operating cash flow was 179 million yuan, up 138.8 percent year on year. The company said the revenue growth was mainly driven by a year-on-year increase of more than 90 percent in sales volume of 300-millimeter semiconductor silicon wafers, while the year-on-year decline in profit was mainly due to increased research and development investment, higher financial expenses caused by exchange rate fluctuations, and increased asset impairment losses.

NSIG released its 2026 interim report, with net profit attributable to the parent company at negative 965 million yuan, a decrease of 599 million yuan compared with the same period last year, widening the loss year-on-year. The company's total operating revenue was 2.317 billion yuan, up 36.51 percent year-on-year, achieving growth for two consecutive years. Net cash inflow from operating activities was 179 million yuan, an increase of 641 million yuan compared with the same period last year. The company's latest gross margin was negative 8.34 percent, up 4.76 percentage points from the same period last year, improving for two consecutive quarters.

AMEC plans to invest 3.5 billion yuan to build the second phase of its Lingang industrialization base, focusing on etching equipment, metrology and inspection equipment, and thin-film deposition equipment. The company's wholly owned subsidiary AMEC Lingang will invest in and construct the project in the Lingang Special Area, with a planned total investment of 3.5 billion yuan, including 1.7 billion yuan in fixed asset investment. After reaching full production, it is expected to achieve annual sales revenue of 3 billion yuan. On the same day, AMEC released its 2026 semi-annual report, achieving operating revenue of 6.691 billion yuan, up 34.89 percent year on year, and net profit attributable to shareholders of the listed company of 2.825 billion yuan, up 300.22 percent year on year. MEMSensing plans to acquire a total of 54 percent equity in Beijing Putian Optoelectronics through equity transfer and capital increase, with a total transaction amount of 177 million yuan. National Silicon Industry Group posted a net loss of 965 million yuan in the first half of the year, compared with a loss of 367 million yuan in the same period last year. SJSemi reported net profit of 449 million yuan in the first half of the year, up 3.33 percent year on year.

NSIG released its 2026 interim report, showing a net loss attributable to shareholders of 965 million yuan in the first half, wider than the 367 million yuan loss in the same period last year. Revenue reached 2.32 billion yuan, up 36.5 percent year on year, with sales volume of 300-millimeter semiconductor silicon wafers rising more than 90 percent. However, due to the continued decline in silicon wafer prices from 2023 to 2025, average product prices remained at a relatively low level, constraining revenue growth. In the second quarter, the net loss attributable to shareholders was 482 million yuan, compared with a loss of 158 million yuan a year earlier. The company said demand for entrusted processing services has remained sluggish since the second quarter of 2025, with related revenue down about 22 percent year on year, while increased research and development spending and exchange rate fluctuations also weighed on profit performance.

Storage leader Demingli saw its shares hit limit down the day after disclosing that its first-half net profit could surge by up to 56-fold. The company expects first-half 2026 revenue of 16 to 18 billion yuan, a year-on-year increase of 289.39% to 338.06%, and net profit attributable to the parent of 5.7 to 6.5 billion yuan, a jump of 4,932.74% to 5,611.02%, compared with a loss of 118 million yuan a year earlier. However, on a quarterly basis, second-quarter net profit of 2.354 to 3.154 billion yuan represents a sequential decline of 5.74% to 29.65% from the first quarter's 3.346 billion yuan, stoking market concerns over slowing momentum. A-share storage concept stocks fell across the board that day, with Biwin Storage down 15%, Youyan Silicon down over 14%, Zhenbao Technology and Giantec Semiconductor down over 12%, and Shanghai Xinyang, Intech, Puya Semiconductor, and National Silicon Industry Group hitting limit down. Domestic brokerages remain broadly bullish on the storage sector, believing the AI-driven super cycle will last at least through the end of 2026, but they have recently become wary of the tension between high valuations and earnings delivery.