Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A

Zhenhua Fengguang released its 2026 interim report on August 26. During the reporting period, the company achieved operating revenue of 304 million yuan, down 34.63 percent year on year. Net profit attributable to the parent company was a loss of 8.8737 million yuan, swinging from profit to loss compared with the same period last year. Non-GAAP net profit was a loss of 23.6307 million yuan. The company focuses on its core business of high-reliability special-purpose integrated circuits. Affected by adjustments in the procurement pace of traditional equipment in the special-purpose sector and product price reductions, sales volume of traditional business contracted. Although high-end new products such as radiation-hardened devices and dedicated converters achieved breakthroughs, the incremental gains were not yet sufficient to offset the decline in traditional business. On the cost side, relocation to a new campus led to higher depreciation and amortization, and combined with inventory impairment provisions, this further eroded profit. The company's R&D investment as a proportion of revenue rose to 19.87 percent, and it completed the commercialization of 75 new products, laying a foundation for future product mix optimization.

Zhenhua Fengguang released its 2026 interim report. Total operating revenue was 304 million yuan, down 34.63 percent year on year. Net profit attributable to the parent company was a loss of 8.87 million yuan, swinging from profit to loss year on year, a decline of 114.01 percent. Net cash inflow from operating activities was 156 million yuan, down 6.38 percent year on year. The company's asset-liability ratio was 9.40 percent, gross margin was 56.80 percent, return on equity was negative 0.18 percent, and diluted earnings per share was negative 0.04 yuan. The number of shareholders was 14,900, and the top ten shareholders held 60.91 percent of total share capital.