Huazhijie pivots to chip testing with Geliming acquisition
Weak first-half results Huazhijie's first-half 2026 net profit fell 46.78% and revenue dropped 3.60%, showing its core telecom components business is under pressure. Weak earnings weigh on the stock because investors see no near-term growth from the existing business.
This explains the weak fundamental backdrop before the acquisition news.
Acquisition of Geliming announced On September 14, Huazhijie said it would buy 100% of Geliming Electronics, a semiconductor test fixture maker, using shares and cash. The stock hit its daily limit that day and trading was suspended, as investors bet the deal moves Huazhijie into a faster-growing chip-related business.
This is the main new event that changed the company's story and drove the stock.
Deal terms and trading resumption On September 29, Huazhijie detailed the plan to buy 83.51% of Geliming at 39.08 yuan per share, a 28.5% discount to the last close, and said trading resumes September 30. The deal expands its precision components business into semiconductor testing, but the company warned of insider-trading risk that could delay or cancel it.
This gives the concrete terms and the key risk that will shape the stock when it reopens.