688220.CG
Alibaba Network Ends ASR Microelectronics Stake Reduction Early, Cashing Out About 703 Million Yuan
ASR Microelectronics disclosed after market close on September 10 that Alibaba China Network Technology, a shareholder holding more than 5 percent, saw its stake fall from 11.17 percent to 10.58 percent during the reduction process, hitting the 1 percent threshold, and decided to terminate the current reduction plan early. The remaining 4,783,300 shares originally planned for reduction will no longer be sold. According to the announcement, Alibaba Network reduced its holdings by a total of 7,765,800 shares through block trades and centralized bidding, representing 1.8565 percent of the company's total share capital, at prices ranging from 82.91 yuan to 107.87 yuan per share, for a total reduction amount of approximately 703 million yuan. Of this, 2,482,700 shares were sold between September 8 and September 10. Alibaba Network was an important pre-IPO shareholder of ASR Microelectronics. Before the reduction plan was implemented, it directly held 52,008,400 shares, or 12.4333 percent of total share capital. The reduction plan was disclosed on May 23, 2026, proposing to sell no more than 12,549,000 shares, or no more than 3 percent of total share capital. Alibaba Network currently still holds 44,242,700 shares, or 10.5768 percent of total share capital. The announcement stressed that this equity change will not have a material impact on the company's governance structure or ongoing operations. In the first half of 2026, ASR Microelectronics achieved operating revenue of 2.451 billion yuan, up 29.15 percent year on year, and net profit attributable to the parent of 84.2438 million yuan, turning from loss to profit compared with the same period last year.
ASR Microelectronics swings to profit in first half with net profit of 84.24 million yuan
ASR Microelectronics released its 2026 interim report on August 28. First-half operating revenue was 2.451 billion yuan, up 29.1 percent year on year. Net profit attributable to the parent swung to a profit of 84.24 million yuan, compared with a loss of 245 million yuan in the same period last year. Net profit attributable to the parent after deducting non-recurring items remained in the red, but the loss narrowed to 58.67 million yuan from 352 million yuan. In the second quarter, operating revenue was 1.32 billion yuan, up 33.7 percent year on year, and net profit attributable to the parent was 112 million yuan, compared with a loss of 123 million yuan a year earlier. The company said shipments of cellular baseband chips grew significantly, with first-quarter mass shipments of 5G NR chips exceeding 500,000 units and cumulative shipments reaching about 1.5 million units. Revenue from 4G cellular IoT chips was about 2.022 billion yuan, up 23 percent year on year. Its smart SoC chip market layout was further improved, and revenue from ASIC customization business was about 322 million yuan, up 155.47 percent year on year.
ASR Microelectronics Plans H-Share Issuance and Listing on the Hong Kong Stock Exchange
ASR Microelectronics announced that its board of directors has approved proposals for the issuance of H shares and listing on the Main Board of the Hong Kong Stock Exchange. The issuance and listing are still subject to shareholder approval, as well as filing, approval, or authorization from regulatory bodies including the China Securities Regulatory Commission and the Hong Kong Stock Exchange. Specific details have not yet been finalized, and there is significant uncertainty as to whether the plan can ultimately be implemented.
Artificial Intelligence▲
Hangzhou's First Domestic TPU Thousand-Card Intelligent Computing Cluster Goes Live, Computing Power Chip Concept Stocks Surge in Afternoon Trading
On the afternoon of July 24, A-share computing power chip concept stocks rebounded in volatile trading. Meishi Technology hit its daily limit up in a straight line, while PNC Process Systems and Tongfu Microelectronics also sealed their boards. ASR Microelectronics rose over 10%. In terms of news, during the 2026 World Artificial Intelligence Conference, the first domestic TPU thousand-card intelligent computing cluster in East China was officially inaugurated in Hangzhou. Jointly built by Hangzhou Telecom, ZTE, and Zhonghao Xinying, this cluster is the first large-scale domestic TPU cluster deployment project within the China Telecom system, marking the entry of domestic TPUs into the carrier-grade scale deployment stage. A research note from Guolian Minsheng Securities pointed out that the shipment share of domestic AI chips has exceeded 40%, with product matrices from manufacturers such as Huawei Ascend and Cambricon continuing to improve, while cloud vendors are simultaneously accelerating their self-developed ASIC layouts. A research report from China Merchants Securities showed that first-quarter 2026 revenues for Hygon Information Technology, Cambricon, Moore Threads, Muxi, and VeriSilicon grew by 68%, 160%, 155%, 75%, and 114% year-on-year, respectively. Moore Threads disclosed a major commercial contract worth 660 million yuan, and as of the end of April, VeriSilicon's new order scale reached 8.2 billion yuan. Sinolink Securities believes that industry fundamentals are sound, and in the third quarter, Nvidia Rubin, AMD MI450, and others will ship in large volumes, with leading companies in the global AI industry chain likely to continue exceeding performance expectations.
ASR Microelectronics expects net profit of 85 million yuan in first half of 2026, turning around from loss
ASR Microelectronics announced that it expects to achieve a net profit attributable to owners of the parent company of approximately 85 million yuan in the first half of 2026, turning around from a loss in the same period last year. The company expects operating revenue of about 2.45 billion yuan for the same period, an increase of approximately 29 percent year-on-year.
China