Dioo Micro: Buybacks and a Paper Profit Offset Delayed Projects and Weak Sales
Fundraising projects pushed to 2028 as demand lags Dioo delayed three projects funded by its IPO to December 2028, saying chip demand has been slower to arrive than expected. That pushed the stock down 13.7% in one day and shows its core growth plans are behind schedule.
This is the period's biggest negative event and explains why the stock fell.
Buyback launched and price cap raised to 50 yuan The chairman proposed buying back 30-60 million yuan of stock, and the company later raised the maximum price to 50 yuan per share. It has already bought 350,000 shares for 13.44 million yuan, a real sign of confidence that supports the price.
Buybacks are the main positive force lifting the stock this period.
Half-year profit is paper gain, core business still losing Dioo reported a 139 million yuan first-half profit, but it came from one-time investment gains, not chip sales. Revenue fell 25% and the core business lost 89 million yuan, so the headline profit overstates how the company is really doing.
This is the key counterweight: the profit looks good but the underlying business is weak.
Kept small stake in Lingxin Qiaoshou, citing long-term view Dioo cancelled the sale of its 0.21% stake in Lingxin Qiaoshou, saying it is optimistic about that company's long-term potential. The amount is tiny, so the financial effect is minimal, but it signals management sees value in its holdings.
It is a smaller but genuine signal of management's long-term confidence.