Summary of Key Highlights
In the first half of 2026, 32 companies listed on the STAR Market disclosed their financial forecasts, with 30 showing impressive performance (22 experiencing profit growth and 6 reversing losses), covering technology sectors such as AI, semiconductors, advanced equipment, and biomedicine. The growth in earnings is closely aligned with trends in the AI industry cycle, the localization of semiconductors, and the upgrading of advanced manufacturing. The STAR Market has played a significant role as a "main front" for supporting technological innovation and the development of new productive forces.
1. The entire AI ecosystem experiences explosive growth: Everyone is profiting, from chips to materials
The booming AI industry has directly driven substantial performance improvements among companies in the upstream and downstream segments:
- Computing power chips: HaiGuang Information (a leading domestic manufacturer of high-end processors) saw its net profit increase by 41.5%-52.32% due to its "CPU+DCU" strategy and technological innovation; Moore Threads (a leader in AI chips) experienced a 1.35-1.49-fold increase in revenue.
- Storage: BaiWei Storage, which reported a loss of 226 million yuan last year, now profits 700-750 million yuan this year (thanks to the surge in AI computing power and the storage market); LianYun Technology (a storage controller company) saw its revenue increase by 39%.
- Upstream materials: ShengYi Electronics (manufacturers of circuit boards for AI applications) reported a 104%-114% profit increase; NanaXinCai (producers of copper-clad laminates) had a 381%-473% profit increase (both volume and price trends were positive).
- Technological implementation: HaiGuang's DCUs are compatible with large models like GLM/Kimi, and Shuguang's supercomputing clusters use domestic chips; Muxi GPUs are compatible with Tencent and Meituan's large models, further strengthening the "domestic models and domestically developed cores" ecosystem.
2. Advanced equipment and new materials: Strong downstream demand drives continuous profit growth
Companies in advanced manufacturing and new materials sectors have benefited from increased demand, resulting in both higher volumes and prices:
- Ceramic alloys/tools: XinRui Shares (meeting the needs of the mining and machinery industries) saw a 424%-523% profit increase; OuKeYi (a manufacturer of high-end tools) turned from loss to profit.
- Aeronautical materials: LongDa Shares (suppliers of aircraft engine materials) reported a 90%-125% profit increase (due to increased global demand).
- Testing instruments: RiLian Technology (manufacturer of core components) had a 54.6% profit increase; PuYuan JingDian (a company expanding its product range) saw a 113%-162% profit increase. These growths reflect the improvement in China's advanced manufacturing technology and market competitiveness.
3. Biomedicine and new energy sectors gradually recover from losses
The biomedicine and new energy industries have seen steady improvements in profitability:
- Biomedicine: Ailisi (a company whose cancer drugs are covered by medical insurance) reported a 46.49% profit increase; NaWei Technology (manufacturer of separation and purification materials) had a 102%-137% profit increase (due to high demand for research and development).
- New energy: RongBai Technology (a manufacturer of sodium-ion battery cathodes) reversed its losses; TianHe GuangNeng (in the energy storage and distributed power business) significantly reduced its losses (although it is still in the red, the reduction is significant compared to last year).
4. The STAR Market becomes a "main front" for technological innovation: Companies showcase their achievements
The institutional advantages of the STAR Market have brought together technology companies from the entire ecosystem, highlighting its positive impact:
- WAIC 2026 exhibition: More than ten STAR Market companies participated, showcasing their products in various segments such as computing power chips (Muxi/Moor Threads), data services (XingHuan Technology), intelligent manufacturing (ZhongKong Technology), and embodied intelligence (LvDe Harmonic Reducers), demonstrating domestic core technologies.
- Ecosystem development: The STAR Market has established a self-controllable ecosystem for "models, cores, clouds, and applications," supporting breakthroughs in key areas like AI and semiconductors.
5. Accelerated localization of semiconductors: Leading companies perform exceptionally well
With the trend towards semiconductor localization, STAR Market companies are outperforming significantly:
- Chip design: Fudan Microelectronics (manufacturer of FPGAs and automotive-grade MCUs) reported profit growth; SiTewei (manufacturer of AIoT chips) had a 29%-34% profit increase.
- Equipment/manufacturing: ShenKeDa (supplier of semiconductor equipment) saw a 210% profit increase; AnLu Technology (manufacturer of FPGAs) experienced an 83%-101% revenue increase (due to strong demand from industrial and data center sectors).
- Companies reversing losses: QiPai Technology and AnKaiWei (both in the semiconductor industry) have turned losses into profits, indicating that the localization process is accelerating.
Overall, the profit growth of STAR Market companies reflects the enhanced competitiveness of China's technology industry and highlights the crucial role of the STAR Market in supporting the development of new productive forces.