The three major indices of the Shanghai and Shenzhen A-shares rose by 0.4% to 1% throughout the day, with domestic bank stocks underperforming and semiconductor equipment stocks surging

The Central Economic Work Conference was held in Beijing, emphasizing the need to respond to external challenges, continue implementing loose monetary policy, stabilize the real estate market, mitigate local government debt risks, and boost consumption. The central parity rate of the RMB against the USD was raised by 48 points, and the People's Bank of China conducted a reverse repurchase operation of 120.5 billion yuan. The three major A-share indices rose by 0.4% to 1% throughout the day, with domestic bank stocks generally declining and semiconductor equipment stocks rising

KINGSEMI Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2025

KINGSEMI Co., Ltd. reported a net loss of CNY 10.05 million for the nine months ended September 30, 2025, down from a net income of CNY 107.64 million in the previous year. Sales decreased to CNY 990.27 million from CNY 1,104.61 million. Basic and diluted loss per share from continuing operations were both CNY 0.05, compared to earnings of CNY 0.54 per share in the same period last year.

KINGSEMI: Products continue to receive orders from leading domestic storage customers

An investor asked KINGSEMI whether the company benefits from the recovery of the storage industry and if there are any orders reflecting this. KINGSEMI stated on the interactive platform that the company's products include four major segments: front-end coating and developing equipment, front-end cleaning equipment, back-end advanced packaging equipment, and small-sized equipment for compounds. The company's products continue to receive orders from leading domestic storage customers

The A-share semiconductor sector fluctuated and weakened, with Jinhaitong hitting the limit down, Wentai Technology previously hitting the limit down, and Yandong Micro, KINGSEMI, Hua Hong Semiconductor, HWATSING, and Saiwei Microelectronics also following the decline

The chip industry chain continues to adjust, KINGSEMI falls over 10%

The chip industry chain continues to adjust during trading, with the equipment sector leading the decline. KINGSEMI fell over 10%, while Wavelength OE, Hua Hong, SMIC, TFME, CCTech, and several other stocks all fell over 5%