Puya Semiconductor (Shanghai) Co., Ltd. (SHA: 688766) announced on the evening of July 23 that it expects its net profit attributable to shareholders for the first half of 2026 to reach 825 million yuan, a year-on-year increase of 1,925.36%. The company's net profit excluding non-recurring gains and losses is projected at 820 million yuan, a massive 2,976.99% jump compared to the same period last year.
The figures suggest a significant acceleration in the second quarter of 2026. In the first quarter of 2026, Puya Semiconductor (Shanghai) Co., Ltd. (SHA: 688766) reported a net profit of 251 million yuan (up 1,259.87% year-on-year) and a net profit excluding non-recurring items of 249 million yuan (up 1,213.75%).
Based on these calculations, the company's second-quarter net profit is estimated at 574 million yuan, a sequential increase of 128.54%, while its net profit excluding non-recurring items is estimated at 571 million yuan, a sequential rise of 129.14%. Compared to the second quarter of 2025, which saw a net profit of 22.27 million yuan and a net profit excluding non-recurring items of 7.69 million yuan, the second quarter of 2026 is expected to show a net profit growth of 2,477.23% year-on-year and a net profit excluding non-recurring items growth of 7,327.41%.
In its performance forecast, Puya Semiconductor (Shanghai) Co., Ltd. (SHA: 688766) attributed the stellar results to two main factors. At the industry level, the first half of 2026 saw improved supply dynamics in the memory chip sector, driven by global AI computing infrastructure build-out. This led to sustained price increases for general-purpose memory products, creating a favorable environment of both higher volumes and prices for the company's memory business.
At the company level, Puya Semiconductor (Shanghai) Co., Ltd. (SHA: 688766) successfully executed its "Memory+" development strategy. New analog products, including MCUs (Microcontroller Units) and Driver chips, have penetrated industrial control and AIoT (Artificial Intelligence Internet of Things) markets, achieving volume shipments and steadily increasing market share.
Furthermore, the company's acquisition of a 51% stake in Zhuhai Noah Sky Storage Technology Co., Ltd. in November 2025, through a cash purchase, consolidated its subsidiary Skyhigh Memory Limited into its financial statements. This acquisition contributed to the company's performance growth in the first half of 2026.
Puya Semiconductor (Shanghai) Co., Ltd. (SHA: 688766), which listed on the Shanghai Stock Exchange's STAR Market on August 23, 2021, specializes in non-volatile memory chips and derivative chip design and sales. The company is committed to providing high-performance, high-reliability chip products and solutions. The announcement also noted that in the first half of 2026, the company has continued to increase R&D investment in memory chips, high-end MCUs, and automotive-grade chips, expanding its R&D team and boosting spending on IP and laboratory equipment.
As of the close on July 23, shares of Puya Semiconductor (Shanghai) Co., Ltd. (SHA: 688766) were trading at 407.40 yuan per share, giving the company a total market capitalization of 60.58 billion yuan.
Comments