Hong Kong Memory Stocks Experience Broad Retreat as Top Performer Faces Unexpected Stake Reduction Following Earnings

Stock News04-17

Memory-related stocks witnessed a broad decline in Hong Kong trading. At the time of writing, GIGADEVICE (03986) fell 7.31% to HK$428.8, while MONTAGE TECH (06809) dropped 4.94% to HK$207.8. The movement follows recent corporate developments. On April 15, BIWIN Storage reported its first-quarter results, showing revenue of 6.814 billion yuan, a surge of 341.53% year-on-year. Net profit attributable to shareholders reached 2.899 billion yuan, turning a profit compared to the loss a year earlier and marking a 252% increase from the previous quarter. However, the day after the earnings release, BIWIN Storage faced an unexpected stake reduction. Five of its shareholders announced plans to collectively sell up to 9.4167 million shares via block trades and centralized bidding, representing no more than 2.00% of the company's total share capital. In other industry news, Yangtze Memory Technologies Co. reported revenue exceeding 20 billion yuan for the first quarter. To ensure production capacity, the company is constructing two additional new fabrication plants this year, following the recent completion of one new facility. Upon full operational deployment, total production capacity is expected to more than double, with a single plant's monthly output potentially reaching 100,000 wafers. Industry insiders have described this expansion as "epic." The construction of the new plants is already complete.

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Industry insiders have described this expansion as \"epic.\" The construction of the new plants is already complete.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Memory Stocks Experience Broad Retreat as Top Performer Faces Unexpected Stake Reduction Following Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Memory Stocks Experience Broad Retreat as Top Performer Faces Unexpected Stake Reduction Following Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-04-17 14:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Memory-related stocks witnessed a broad decline in Hong Kong trading. At the time of writing, GIGADEVICE (03986) fell 7.31% to HK$428.8, while MONTAGE TECH (06809) dropped 4.94% to HK$207.8. The movement follows recent corporate developments. On April 15, BIWIN Storage reported its first-quarter results, showing revenue of 6.814 billion yuan, a surge of 341.53% year-on-year. Net profit attributable to shareholders reached 2.899 billion yuan, turning a profit compared to the loss a year earlier and marking a 252% increase from the previous quarter. However, the day after the earnings release, BIWIN Storage faced an unexpected stake reduction. Five of its shareholders announced plans to collectively sell up to 9.4167 million shares via block trades and centralized bidding, representing no more than 2.00% of the company's total share capital. In other industry news, Yangtze Memory Technologies Co. reported revenue exceeding 20 billion yuan for the first quarter. To ensure production capacity, the company is constructing two additional new fabrication plants this year, following the recent completion of one new facility. Upon full operational deployment, total production capacity is expected to more than double, with a single plant's monthly output potentially reaching 100,000 wafers. Industry insiders have described this expansion as \"epic.\" The construction of the new plants is already complete.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0359202008.SGD","symbol_name":"Blackrock China Fund A2 SGD-H","start_time":0,"source_url":"","article_id":"1111134631","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1111134631","pubTimestamp":1776409101,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Memory-related stocks witnessed a broad decline in Hong Kong trading. At the time of writing, GIGADEVICE (03986) fell 7.31% to HK$428.8, while MONTAGE TECH (06809) dropped 4.94% to HK$207.8. 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To ensure production capacity, the company is constructing two additional new fabrication plants this year, following the recent completion of one new facility. Upon full operational deployment, total production capacity is expected to more than double, with a single plant's monthly output potentially reaching 100,000 wafers. 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