A wave of positive announcements has recently been released by companies listed on the STAR Market (SSE STAR Market). As of the latest reporting period, over 30 companies have disclosed share buyback plans or progress updates, while more than 20 firms have released mid-year performance forecasts for 2026, with the majority projecting strong results.
Core Technology Sector Enters a Value Realization Phase
The recent performance forecasts from the STAR Market signal a clear, clustered rise in the semiconductor and AI computing power supply chains. In the memory segment, Puya Semiconductor (Shanghai) Co., Ltd. announced on July 24 that it expects net profit attributable to the parent company for the first half of the year to be approximately RMB 825 million, a year-on-year increase of over 19 times. Dongxin Semiconductor Co., Ltd. reported on July 21 that it anticipates achieving a net profit attributable to the parent company of RMB 640 million to RMB 680 million for the first half of 2026, turning a profit from a prior-year loss, with second-quarter net profit rising more than 2.6 times sequentially from the first quarter.
In the optical chip sector, Shaanxi Yuanjie Semiconductor Technology Co., Ltd., which focuses on the data center market, expects net profit attributable to the parent company of RMB 600 million to RMB 650 million for the first half of 2026, a year-on-year increase of approximately 12 times. Suzhou Lianxu Instrument Co., Ltd., an optical communication testing firm, anticipates net profit attributable to the parent company of RMB 510 million to RMB 580 million for the same period, a year-on-year increase of over 8 times.
In the SoC and control chip segment, Jingchen Semiconductor (Shanghai) Co., Ltd. expects net profit attributable to the parent company of approximately RMB 608 million for the first half of 2026, a year-on-year increase of 22%. Zhongwei Semiconductor (Shenzhen) Co., Ltd., driven by rising demand for MCUs, expects net profit attributable to the parent company of approximately RMB 165 million for the first half of 2026, a year-on-year increase of about 91%.
Market analysts suggest that this synchronized recovery across multiple segments is a direct reflection of the STAR Market's role as the premier domestic listing venue for "China's chips" and its leading position in the completeness of the industry chain. It also confirms the progress of domestic chips moving from technological breakthroughs to large-scale commercial monetization.
Concurrently, STAR Market-listed companies are committed to innovation-driven development. Major orders are being secured, national-level technology honors are being achieved, and breakthroughs in cutting-edge industry products are being made. These developments indicate that the core competitiveness of STAR Market companies is being continuously strengthened. Kunshan Dongwei Technology Co., Ltd. announced on July 20 that it has signed a new sales contract for vertical continuous electroplating equipment worth RMB 127 million. Torch Chip Technology Co., Ltd. disclosed on July 21 the progress of its edge AI chip promotion, noting that revenue from products incorporating proprietary technologies like in-memory computing NPUs accounted for over 25% of its first-half revenue, with technological barriers continuously converting into market share.
Share Buybacks and Increases Are Densely Implemented
Echoing the positive industry trends, shareholders are demonstrating confidence through substantial capital investments. In the past week, over 30 STAR Market companies have disclosed share buyback-related announcements. These include both voluntary implementations by listed companies and proposals from controlling shareholders or actual controllers. Montage Technology Co., Ltd. disclosed a buyback report on July 24, planning to repurchase shares worth between RMB 300 million and RMB 600 million. Beijing Kingsoft Office Software Co., Ltd. announced the same day that its buyback target has an upper limit of RMB 500 million, with approximately RMB 75 million already completed. Hangzhou Hoymiles Power Electronics Co., Ltd. has seen its repurchased shares exceed 1% of its total share capital.
Furthermore, several companies have announced the completion of their buyback programs. Beijing Aviation Materials Research Institute Co., Ltd. has completed a buyback of approximately RMB 100 million using over-raised funds through concentrated bidding. Wasion Information Technology Co., Ltd. has actually repurchased 1.7523 million shares of its stock, using a total fund amount of RMB 50 million. At the controlling shareholder level, proactive measures are being taken. The controlling shareholders and actual controllers of Puya Semiconductor and Shenzhen Biwin Storage Technology Co., Ltd. have proactively proposed buybacks. Chenghe Technology Co., Ltd. and Jiangsu Tiannai Technology Co., Ltd. are leveraging special buyback loans to increase their efforts. Some buyback plans also involve the cancellation of repurchased shares, which could help increase net asset value per share.
Market analysts indicate that the dense wave of buybacks reflects the confidence of all parties in the long-term growth potential of the STAR Market's hard-tech companies.
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