Semiconductor Materials and Equipment

SICC

Three Shareholders of Tianyue Advanced Plan to Reduce Holdings by No More Than 2.2%

Shareholders of Tianyue Advanced Plan to Reduce Shares by 10,661,600

SICC released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue CNY 365.5 M (forecast CNY 413.5 M), actual EPS CNY -0.13 (forecast CNY -0.06)

SICC to Release FY2026 Q1 Earnings on April 28 After-Market (BJT), Forecast Revenue CNY 392.33 M, EPS CNY -0.06

SICC to release FY2025 earnings on March 27, pre-market (BJT), forecast revenue CNY 1.427 B, EPS CNY 0.0447

Tianyue Advanced Announces a 17.2% Drop in Annual Revenue and Expanded Net Loss in 2025

SICC released FY2025 Q4 earnings on February 27 Pre-Market (BJT), actual revenue CNY 352.88 M (forecast CNY 315.06 M), actual EPS CNY 0 (forecast CNY 0.0533)

SICC released FY2025 annual earnings on February 27 Pre-Market (BJT), actual revenue CNY 1.465 B (forecast CNY 1.427 B), actual EPS CNY 0 (forecast CNY 0.0447)

Tianyue Advanced Expected Revenue and Net Profit to Decline in 2025

Tianyue Advanced Made Tax Payments and Penalties of 82.97 Million Yuan

Hubble Investment Reduces Holding in Tienyue Advanced, Dropping to 5%

Advanced Carbon Silicon Substrate Application Inquiry Responded by Tianyue Advanced

Tianyue Advanced stock up 6.04%, Huaxin Securities gives buy rating

Shareholder of Tianyue Advanced Reduced 1.97% Shares for about 750 Million RMB

National Materials Equity Fund Reduced 4.7746 million Shares of Tianyue Advanced

Advanced Innovation Materials Reports Revenue and Net Profit Decline in Q3

SICC released FY2025 9 Months earnings on October 27 After-Market (BJT), actual revenue CNY 1.112 B, actual EPS CNY 0.0278

SICC released FY2025 Q3 earnings on October 27 After-Market (BJT), actual revenue CNY 318.2 M (forecast CNY 487.39 M), actual EPS CNY 0 (forecast CNY 0.0771)

SICC to release FY2025 Q3 earnings on October 27 After-Market BJT, forecast revenue CNY 487.39 M, EPS CNY 0.0771

Taian Advanced Material's major shareholder, National Materials Investment Fund, reduced holdings by 4.2746 million shares

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Yesterday, MEGAIN Holdings triggered a golden cross signal on the daily MACD zero axis in the Hong Kong stock market, with a trading volume of approximately HKD 28.08 million, which is considered a significant increase for this small-cap semiconductor company. The MACD golden cross appeared above the zero axis, which is usually seen as a trend reinforcement signal in a medium-term bullish pattern, indicating that phase buying is actively intervening. The recent stock price trend shows a gradual rise in the bottom, and the moving averages are beginning to show the early signs of a bullish arrangement, with a short-term bullish atmosphere heating up. On the news front, the semiconductor sector has recently been one of the most active themes in the Hong Kong stock market. The explosive demand for global AI hardware is driving the chip supply chain's prosperity, with hedge funds achieving their best performance in nearly two decades by heavily investing in the AI supply chain and memory chips. In the Hong Kong stock semiconductor sector, TianYue Advanced rose over 18% in a single day, and INNOSCIENCE increased by 3%, with the sector's profit effect spreading to small and mid-cap stocks. Data from the Ministry of Commerce shows that integrated circuit trade has significantly increased in the first four months, and the logic of domestic substitution continues to ferment, attracting more capital attention to semiconductor sub-sector targets. From a technical perspective, MEGAIN Holdings, as a small-cap stock, has relatively limited liquidity, and the sustainability of trading volume is key to judging the effectiveness of bullish signals. If the current volume level can be maintained in subsequent trading days and continue to close with positive candlesticks, the short-term trend is expected to continue. The performance of sector leaders has a strong reflective effect on it, so attention should be paid to the directional guidance of heavyweight stocks such as SMIC and HUA HONG SEMI. The short-term trend is biased towards bullish, but small-cap stocks have high volatility and limited liquidity, so the risks of chasing prices need to be taken seriously

Technical Forecast

MEGAIN

HUA HONG SEMI

INNOSCIENCE

SMIC

SMIC HK SDR 5to1

Hua Hong

Pre-market trend | MEGAIN Holdings (6939.HK) 5/14 Bullish momentum gathers, should we pay attention to the unusual movements of small-cap semiconductor stocks?

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Yesterday, EPIWORLD triggered a golden cross signal on the daily MACD zero axis in the Hong Kong stock market, with a trading volume of approximately HKD 95.78 million, indicating an increase in capital activity. As a specialized manufacturer in the field of silicon carbide (SiC) epitaxial wafers, EPIWORLD's recent performance has gradually emerged from the bottom range, with bullish momentum beginning to accumulate. A golden cross forming above the zero axis on the MACD is typically seen as a confirmation signal of a mid-term trend shifting from weak to strong, suggesting that buying power is currently dominating the market rhythm. Although the trading volume is not as high as that of large-cap blue chips, it is considered active for a company of this market capitalization, reflecting that some funds are actively positioning themselves. On the news front, the semiconductor materials sector continues to be catalyzed by both policy and industry factors. The latest data from the Ministry of Commerce shows a significant increase in integrated circuit trade in the first four months, with improved industry chain prosperity driving demand for upstream materials. Recently, SICC surged 18% in the Hong Kong stock market, and INNOSCIENCE rose over 3%, indicating a strengthening trend in the third-generation semiconductor sector. EPIWORLD, as a core target for silicon carbide epitaxial wafers, is expected to benefit from the sector rotation effect. The strong global demand for AI hardware is driving a continuous shortage of upstream semiconductor equipment and materials, providing support for the company's fundamentals. From a technical perspective, EPIWORLD's trading volume has gradually rebounded recently, indicating that external funds are entering the market in batches. Currently, attention should be paid to whether the stock price can maintain the upward volume trend and break through the upper boundary of the recent fluctuation range. If the trading volume can consistently stay above HKD 80 million, the probability of continued bullishness will increase. The performance of SICC and INNOSCIENCE within the sector will serve as a reference, and the overall sentiment in the semiconductor sector is an important variable

EPIWORLD

Guotai CSI All Share Integrated Circuit ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

ChinaAMC CSI Semiconductor Material & Equipment Thematic ETF

GF Fund CSI Semiconductor Material Equipment Theme ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

First Trust Nasdaq Food & Semicon

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Guotai CES Semiconductor Chip Industry ETF

Pre-market trend | EPIWORLD (2726.HK) 5/14 Bullish signals emerge, is the third-generation semiconductor poised for takeoff?

YINN

Hong Kong stocks closed on May 11 with the three major indices fluctuating narrowly to finish flat. Market trading was active, with full-day turnover exceeding HK$370 billion. Accelerated mass production of Nvidia's new AI platform and high prosperity expectations for memory chips catalyzed a counter-trend surge in the semiconductor, memory, and PCB sectors. SICC soared over 25%, while the 2x Leveraged SK Hynix ETF skyrocketed over 24%. Conversely, weighed down by concerns over US Inflation Expectations data and delayed rate cut expectations, tech Majority Stake stocks faced widespread pressure and retreated, with Alibaba and Baidu falling over 3%. Additionally, mainland property stocks strengthened, boosted by improving macroeconomic data and expectations of improved Sino-US relations, while the new energy vehicle sector showed divergent trends

Market Pulse

Direxion FTSE China Bull 3X

Direxion FTSE China Bear 3X

GTJA Allianz SSE STAR Chip Design Thematic ETF

ChinaAMC Guozheng Semiconductor Chip ETF

China Southern CSI Semiconductor Industry Custom ETF

HK Stocks Close | Semiconductor Sector Leads Gains; Tech Majority Stake Stocks Retreat Collectively

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A-share semiconductor industry chain continues to surge, with Newway Photomask hitting the 20% limit up, XDJD securing a limit-up after noon, UIGreen and Omat rising over 10%, and YDME, SQM, and SICC gaining more than 6%

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36Kr learned that SICC announced that the company disclosed the pricing situation for the shareholder inquiry transfer. According to the inquiry subscription situation on April 16, 2026, the preliminary transfer price for this inquiry is set at RMB 82.32 per share. The shares intended for transfer have been fully subscribed, with the preliminary determination that the transferees are 16 institutional investors, and the total number of shares to be transferred is 5.82 million shares

36Kr

SICC: The preliminary pricing for the shareholder inquiry transfer is set at RMB 82.32 per share

As of December 31, 2025, SICC has accumulated undistributed losses of 331 million yuan, exceeding one-third of the paid-in capital of 485 million yuan. The company stated that it will strive to adjust, focus on its main business, enhance capacity and utilization rates, promote the industrialization of 8-inch and 12-inch products, build high-quality brand strength, maintain industry profit margins, and optimize product and market structure around "AI + new energy."

AASTOCKS

SICC: Striving to address the issue of unmade-up losses exceeding one-third of the total paid-in capital

SICC announced its 2025 annual performance, with revenue of 1.465 billion RMB (same below), a year-on-year decrease of 17.2%; gross profit of 142 million RMB, a decrease of 67.4%. It recorded a loss of 208 million RMB, compared to a net profit of 179 million RMB in the previous year, turning from profit to loss; loss per share of 47 cents. No final dividend is declared

"Performance" SICC reported a full-year loss of 208 million RMB, turning from profit to loss

SICC Swings to 2025 Loss as Revenue Falls and Margins Compress

Tip Ranks

SICC Swings to 2025 Loss as Revenue Falls and Margins Compress

SICC announced its preliminary performance report for the fiscal year 2025, achieving total operating revenue of 1.465 billion RMB (same below), a year-on-year decrease of 17.2%. The net loss expanded from 179 million RMB in the previous year to 208 million RMB, with a loss per share of 0.47 RMB

"SICC" reported a net loss of 208 million yuan last year

SICC(688234.SH)

Pre-market trend | MEGAIN Holdings (6939.HK) 5/14 Bullish momentum gathers, should we pay attention to the unusual movements of small-cap semiconductor stocks?

Pre-market trend | EPIWORLD (2726.HK) 5/14 Bullish signals emerge, is the third-generation semiconductor poised for takeoff?

HK Stocks Close | Semiconductor Sector Leads Gains; Tech Majority Stake Stocks Retreat Collectively

A-share semiconductor industry chain continues to surge, with Newway Photomask hitting the 20% limit up, XDJD securing a limit-up after noon, UIGreen and Omat rising over 10%, and YDME, SQM, and SICC gaining more than 6%

SICC: The preliminary pricing for the shareholder inquiry transfer is set at RMB 82.32 per share

SICC: Striving to address the issue of unmade-up losses exceeding one-third of the total paid-in capital

"Performance" SICC reported a full-year loss of 208 million RMB, turning from profit to loss

SICC Swings to 2025 Loss as Revenue Falls and Margins Compress

"SICC" reported a net loss of 208 million yuan last year