Shanghai Stock Exchange

Headlines · 2

1. 2h
   Tesla PCB supplier Chaoying files for Hong Kong IPO after H1 loss

   PCB maker Chaoying Electronics filed for a Hong Kong IPO on September 21, 2026, less than a year after its October 24, 2025 Shanghai main-board listing at 17.08 yuan per share, which raised 803 million yuan net. First-half 2026 revenue rose 33.29% year on year to 2.912 billion yuan, but net profit attributable to shareholders swung to a 191 million yuan loss, gross margin fell to 15.21% from 22.02%, the debt-to-asset ratio reached 75.6%, operating cash flow dropped 68.5% to 65.9 million yuan against 1.356 billion yuan of capex. The company counts Tesla, Bosch and Continental among its automotive customers and says it ranked first globally in automotive HDI boards and third in memory-module and AI data-storage PCBs by sales in 2025 and the first half of 2026; data-storage revenue grew 133.5% and telecom/AI-server revenue 64.3%, with dedicated GPU, ASIC and switch-module capacity at its Thailand site slated for 2027.

   钛媒体 · 🔥 9
2. 18h
   CXMT expects $19.6B Q1–Q3 profit as AI demand lifts DRAM prices

   Chinese memory chipmaker CXMT said in a preliminary filing that it expects net profit of 131B to 132.5B yuan ($19.6B–$19.8B) for January–September 2026, versus a 5.3B yuan loss a year earlier, with revenue of 265B to 270B yuan, up more than eightfold from 32.1B yuan. The company attributed the swing to fast-growing AI computing demand since the second half of 2025, which has lifted the global DRAM market, caused shortages and sharply raised prices, alongside added capacity and better wafer output. Its chairman also proposed buying back 1B to 2B yuan of shares over 12 months, per The Next Web. CXMT listed in Shanghai in July, when shares rose 466% on day one, and closed Friday with a market value of about 3.06T yuan; its claim that a fifth-generation DRAM is in mass production has not been verified by outside testers, while some Western brands such as Corsair have begun using Chinese DRAM.

   IT之家 AI · 🔥 13

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