The A-share storage chip sector surged in the afternoon, with Ingenic rising over 13%, GIGADEVICE rising over 5%, and Biwin, HHCK, and FMSH all experiencing gains

China corporate earnings week ahead

The upcoming week features Q3 2025 earnings presentations for several Chinese companies, including Industrial Securities, GigaDevice Semiconductor, Shandong Hualu-Hengsheng Chemical, Hangzhou Silan Microelectronics, Bank of Jiangsu, Hengli Petrochemical, Jiangsu King's Luck Brewery, Great Wall Motor, and Jiangsu Hengli Hydraulic. Presentations are scheduled between November 24-28, 2025. EPS estimates are not provided but can be accessed via Workspace.

The three major A-share indices collectively closed lower, with the semiconductor sector leading the decline

36Kr learned that the three major A-share indices collectively closed lower, with the Shanghai Composite Index down 0.07%, the Shenzhen Component Index down 0.36%, and the ChiNext Index down 0.39%; the electrical engineering and grid, automotive parts, and semiconductor sectors led the decline, with Longi Green Energy down over 7%, Xinpeng Co., Ltd. down over 5%, and GIGADEVICE down over 3%; the home appliances, pharmaceuticals, and insurance sectors strengthened, with Aoni Electronics up over 12%, BeiGene up over 5%, and PICC Group up over 4%

GigaDevice Partners With Melchioni Electronics to Expand Business in France, Italy and the Iberian Peninsula

GigaDevice, a semiconductor company, has partnered with Melchioni Electronics to enhance its distribution in France, Italy, Spain, and Portugal. This agreement allows Melchioni to supply GigaDevice's Flash memory and microcontroller products while providing engineering support. The partnership aims to strengthen GigaDevice's presence in key European markets, aligning with their growth strategy. Both companies emphasize the value this collaboration brings to their customers in sectors like automotive and industrial automation.

China Stocks Fall Amid Global Selloff

China's stock market experienced declines, with the Shanghai Composite falling 0.5% and the Shenzhen Component dropping 0.9%, amid a global selloff driven by concerns over inflated AI valuations. Tech and AI stocks were particularly affected, with significant losses reported for companies like Zhongji Innolight and GigaDevice Semiconductor. Additionally, a private survey indicated a slowdown in China's services sector growth. On a positive note, recent agreements between Presidents Xi Jinping and Donald Trump addressed key trade issues, including tariff reductions and export controls.