Giantec Semiconductor has resubmitted its listing application to the Main Board of the Hong Kong Stock Exchange after its initial prospectus lapsed. The company's first-half 2026 performance forecast shows operating revenue rose 4.71 percent year-on-year to 602 million yuan, but net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 93.47 million yuan, down 47.30 percent year-on-year, indicating a clear decline in core business profitability. The sharp 156.07 percent jump in first-half net profit to 525 million yuan was mainly due to a non-recurring gain of approximately 432 million yuan from participating in the strategic placement of SJSemi's STAR Market IPO. In addition, concerted parties controlled by the company's actual controller Chen Zuotao, namely Wuhan Luojia and Beijing Luojia, reduced their holdings by a combined 4.12 million shares in the fourth quarter of 2025 and April 2026, cashing out more than 1 billion yuan in total. Chen Zuotao had previously been publicly reprimanded twice by the Shenzhen Stock Exchange for issues including related-party transaction violations at his other company, Tianhao Energy.
Giantec Semiconductor CorpCore profit fell nearly 50% in H1 2026, and controlling shareholders cashed out over 1 billion yuan.
SJ Semiconductor CorpGiantec's non-recurring gain from participating in SJSemi's strategic placement boosted its profit, but SJSemi itself is not the focus.
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