StarPower Semiconductor Ltd

StarPower Semiconductor disclosed its 2026 semi-annual report. In the first half, it achieved total operating revenue of 1.928 billion yuan, down 0.41% year on year. Net profit attributable to the parent was 65.0005 million yuan, down 76.40% year on year. Net profit after deducting non-recurring items was 46.1545 million yuan, down 82.29% year on year. Net cash flow from operating activities was 210 million yuan, down 42.40% year on year. Basic earnings per share were 0.27 yuan, and the weighted average return on equity was 0.93%, down 3.12 percentage points year on year. The company's main business is the design, development, production and sales of power semiconductor chips and modules, mainly IGBT and SiC.

StarPower Semiconductor released its 2026 interim report, with net profit attributable to the parent company of 65.0005 million yuan, a decrease of 76.40% compared with the same period last year. The company's total operating revenue was 1.928 billion yuan, a decrease of 7.8592 million yuan from the same period last year, down 0.41% year-on-year. Net cash inflow from operating activities was 210 million yuan, a decrease of 154 million yuan from the same period last year, down 42.40% year-on-year. The company's latest asset-liability ratio was 43.13%, an increase of 9.85 percentage points from the previous quarter; gross margin was 20.58%, a decrease of 9.16 percentage points from the same period last year; diluted earnings per share was 0.27 yuan, down 76.52% year-on-year.

StarPower Semiconductor disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 56 million and 76 million yuan, a year-on-year decline of 72.41% to 79.67%. The company's operating revenue for the same period is expected to be 1.928 billion yuan, a slight year-on-year decrease of 0.41%. Deducted non-recurring net profit is expected to be between 40 million and 54 million yuan, a year-on-year decline of 79.28% to 84.65%. The decline in performance is mainly due to increased power module costs and a time lag in product price adjustments, leading to lower gross margins. At the same time, the company continues to increase research and development investment in core products such as next-generation IGBT and SiC MOSFET, with R&D expenses rising year-on-year.