On the evening of January 28, Zhejiang Chengchang Technology Co.,Ltd. (001270.SZ) announced that it expects its net profit attributable to the listed company's shareholders for 2025 to be between 95 million yuan and 124 million yuan. This represents a significant turnaround from a loss of 31.1179 million yuan in the same period last year. The company's stock has been placed under a delisting risk warning since April 24, 2025, because its audited net profit for 2024 was negative and its revenue after deductions was below 300 million yuan. Should the company's 2025 performance meet the specific conditions outlined in Article 9.3.12 of the Shenzhen Stock Exchange's Listing Rules, its stock faces the risk of being terminated from listing. The company has already disclosed a risk warning announcement regarding the potential for delisting and plans to change its accounting firm to advance the audit work for the 2025 fiscal year.
Since December 1, 2025, the stock price of Zhejiang Chengchang Technology Co.,Ltd. has experienced a substantial surge, earning it a reputation in the market as a major performer in the recent commercial aerospace sector. In today's trading session, the stock hit the daily limit-up price at the opening, with its latest price reported at 157.68 yuan, giving the company a market capitalization of 32.5 billion yuan.
Public information reveals that the core business of Zhejiang Chengchang Technology Co.,Ltd. involves the research and development, production, sales, and technical services of microwave and millimeter-wave phased array T/R chips. The company's primary products include GaAs/GaN power amplifier chips, GaAs low-noise amplifier chips, GaAs transceiver front-end chips, transceiver multi-function amplifier chips, amplitude and phase multi-function chips, analog beamforming chips, digital-controlled phase shifter chips, digital-controlled attenuator chips, power divider chips, and limiter chips. On October 22, 2025, Zhejiang Chengchang Technology Co.,Ltd. released its third-quarter report for 2025, showing that its revenue for the first three quarters reached 306 million yuan, a substantial increase of 204.78% year-on-year. Its net profit for the period was 90.3586 million yuan, soaring 386.56% compared to the previous year. In the third quarter alone, revenue was 105 million yuan, up 266.57% year-on-year, while net profit reached 33.7253 million yuan, marking an impressive increase of 565.20%. The company continues to strengthen its position in the satellite-borne sector, steadily expanding the range of satellite models its products are used in. Notably, several large-scale, multi-series remote sensing satellite projects have entered a phase of regular batch delivery, showing considerable growth momentum. Simultaneously, the company maintains its advantage in the low Earth orbit satellite domain, sustaining close cooperative relationships with key downstream institutions, and has already prepared inventory and commenced deliveries according to customer demand.
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