Puya Semiconductor (Shanghai) Co., Ltd. (688766.SH) has released its performance forecast for the first half of 2026. The company anticipates achieving a net profit attributable to shareholders of roughly 825 million yuan, representing a year-on-year increase of approximately 1,925.36%.
Excluding non-recurring gains and losses, the net profit is projected to be around 820 million yuan, an increase of about 2,976.99% compared to the same period last year.
During the first half of 2026, the company benefited from the global expansion of artificial intelligence computing infrastructure. The storage chip industry saw an optimized supply structure, and prices for general-purpose memory products maintained an upward trend. This led to a simultaneous improvement in both sales volume and pricing for its memory business.
Simultaneously, Puya Semiconductor continued to execute its "Storage+" growth strategy. New analog products such as MCUs and Drivers progressively penetrated the industrial control and AIoT sectors, achieving volume shipments. The market share of these related products steadily increased, ultimately driving the company's overall first-half revenue higher than the same period last year.
In the first half of 2026, the company intensified its R&D investments in storage chips, high-end MCUs, and automotive-grade chips. It continued to expand its R&D team, with increased spending on other areas such as intellectual property and laboratory equipment. Concurrently, with greater market expansion efforts, spending on sales personnel expansion and customer certification also increased. As the company's market valuation rose, expenses from share-based incentive plans grew as well. Overall, R&D, administrative, and selling expenses for the period rose significantly year-on-year, with a combined increase of approximately 240 million yuan.
In November 2025, the company acquired a 51% equity stake in Zhuhai Noah Changtian Storage Technology Co., Ltd. through a cash purchase. This brought its wholly-owned subsidiary, Skyhigh Memory Limited, into the consolidated reporting scope, contributing to the revenue and profit growth in the reporting period compared to the previous year.
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