Vanchip has released its 2026 interim report, showing operating revenue of 974 million yuan, down 1.3 percent year on year, while net loss attributable to the parent widened to 95.52 million yuan from a loss of 9.43 million yuan in the same period last year. In the second quarter, revenue reached 491 million yuan, up 2.8 percent year on year, but the net loss attributable to the parent was 47.38 million yuan, a year-on-year decline of 645.0 percent. The company said that a continued sharp rise in memory chip prices led to a slight year-on-year decline in overall sales, while higher upstream raw material and packaging and testing costs pushed the comprehensive gross margin down to 21.45 percent, a decrease of 3.09 percentage points from a year earlier. Research and development spending accounted for 22.23 percent of operating revenue, up 1.68 percentage points year on year, as the company continued to focus on radio frequency front-end chips and expand into emerging markets such as automotive communications, satellite communications and the Internet of Things.
Vanchip (Tianjin) Technology Co. Ltd. ANet loss widened to 95.52 million yuan from 9.43 million yuan, with gross margin down 3.09 percentage points.
