Actions Technology Co Ltd

Actions Technology released its 2026 interim report on August 25, 2026. The company's total operating revenue was 576 million yuan, and net profit attributable to the parent company was 109 million yuan. Net cash inflow from operating activities was 11.15 million yuan, a decrease of 130 million yuan compared with the same period last year, down 92.07 percent year on year. The company's latest asset-liability ratio was 14.44 percent, gross margin was 48.71 percent, and diluted earnings per share was 0.62 yuan.

The Shanghai Composite Index rebounded in mainland China trading on the 31st, closing at 3,832.26 points, up 27.57 points or 0.72 percent from the previous day. Buying in artificial intelligence-related stocks such as semiconductors pushed the market higher, amid indications of policy direction and a global tech stock rally. Meanwhile, the manufacturing Purchasing Managers' Index came in at 49.2, below the 50-point threshold, prompting selling in financial and consumer-related shares. By sector, software and information services as well as AI-related stocks rose, with Huasheng Tiancheng gaining 6.6 percent and Actions Technology climbing 8.3 percent, while bank stocks bucked the trend, with Agricultural Bank of China falling 3.0 percent and China Merchants Bank down 2.3 percent.

In early trading on July 24, the on-device AI concept was active, with Bocom Integrated Circuit surging to its daily limit up, while Actions Technology, Amlogic, and Rockchip were among the top gainers. On the news front, the Cyberspace Administration of China recently released the filing information for seven generative AI services designed for mobile on-device use. Related features from seven leading handset makers—Xiaomi, Huawei, OPPO, vivo, Apple, Samsung, and Nubia—have all passed official compliance reviews. A research note from Soochow Securities analyzed that competition in mobile AI is shifting from feature stacking to a system-level agent phase. As on-device AI evolves toward multimodal perception and system-level intelligent agents, on-device and cloud collaboration is expected to become the main path, continuously driving upgrades in computing power, storage, connectivity, power consumption, and heat dissipation for smartphones, AI glasses, and wearables. On-device hardware is likely to enter a new upgrade cycle. A Huatai Securities research note argued that the connectivity dividend of the 5G era drove volume and price increases for components like radio frequency, and AI terminal innovation may replicate this upgrade path, reshaping the value of chips, storage, heat dissipation, batteries, and radio frequency components.

Actions Technology announced that its SoC chips with in-memory computing NPU and on-device AI processor chips have seen significant market adoption, with revenue from these products exceeding 25% of total revenue in the first half of 2026. The company's on-device AI chips have been deployed in scenarios such as AI audio, smart wearable AI interaction, and AI smart office. Major progress has been made in second-generation in-memory computing technology, and SoC chips equipped with the second-generation in-memory computing NPU will tape out in 2026, with mass adoption across multiple brands and categories expected next year. The company is also investing heavily in an AI development tool platform to build an ecosystem and help customers complete AI model adaptation more efficiently. In the first quarter of 2026, Actions Technology achieved revenue of 238 million yuan and net profit attributable to shareholders of 48.7 million yuan.

Actions Technology announced it has completed verification of its second-generation in-memory computing IP technology. System-on-chip products based on this technology will support Transformer models, achieving significant energy efficiency optimization and a multi-fold increase in single-core NPU computing power. The company stated that chips equipped with in-memory computing technology achieve a multi-fold increase in per-unit value compared to previous products, with a notable added-value advantage, and have already been adopted in products such as wireless microphones, gaming headsets, and party speakers for several leading customers. As customer adoption and mass production progress, revenue contribution from such chips will continue to rise.