Giantec Semiconductor refiles with Hong Kong Stock Exchange; first-half net profit surge driven mainly by IPO subscription gains

每日经济新闻··CNHK·Read original
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Summary · why it matters

Giantec Semiconductor has refiled with the Hong Kong Stock Exchange after its first Hong Kong prospectus lapsed, in another attempt to open the door to a Hong Kong listing. The company's net profit in the first quarter of 2026 fell 66.6 percent year on year, but its first-half earnings forecast shows net profit attributable to shareholders of the listed company of 525 million yuan, a sharp increase of 156.07 percent year on year. This was mainly because the company obtained about 432 million yuan in non-recurring gains from participating in the strategic placement of SJSemi's STAR Market IPO. After deducting that amount, actual net profit was 93.4712 million yuan, down more than 47 percent year on year. The company's share price surged to a record high of 235.99 yuan per share on July 10 before falling sharply, closing at 138.88 yuan per share on August 13, with a market value of more than 22 billion yuan. Wuhan Luojia and Beijing Luojia, acting in concert under the control of chairman Chen Zuotao, cashed out a combined total of more than 1 billion yuan through share reductions around the time of the push for the Hong Kong IPO.

Impact on assets 2

Others▼
Giantec Semiconductor Corp
688123
▼ NegativeCapitalrelevance

First-half net profit surge driven by non-recurring IPO subscription gains; core profit fell 47% YoY, and share price dropped sharply from record high.

Off-coverage companies 2

北京珞珈i
Private▼ NegativeCapitalrelevance

Beijing Luojia, acting in concert with chairman, cashed out over 1 billion yuan through share reductions, indicating insider selling.

武汉珞珈i
Private▼ NegativeCapitalrelevance

Wuhan Luojia, acting in concert with chairman, cashed out over 1 billion yuan through share reductions, indicating insider selling.