Fund stake cut and new chip contract shape Centec's outlook
National fund trims Centec stake to 10% The National Integrated Circuit Industry Investment Fund sold 4.1 million Centec shares between July 21 and August 6, cutting its holding from 11% to 10%. A big state-backed investor reducing its position can weigh on the share price by adding supply and signaling less institutional support.
This is the main negative capital event directly affecting Centec in the period.
Centec signs 100M+ yuan Ethernet chip contract Centec signed a long-term Ethernet switching chip sales contract worth over 100 million yuan with related party China Electronics Port Technology. It is more than half of last year's revenue, but revenue is recognized over more than a year, so the near-term profit boost is limited.
This is the key new demand-side development for Centec's core products.
Centec still loss-making with weak cash flow Centec's first-quarter 2026 revenue was 248 million yuan with a net loss of 17.03 million yuan. The company remains unprofitable, which keeps pressure on the stock because investors need to see a path to sustainable profits.
This fundamental weakness is a real counterweight to the positive contract news.