Changes in Hong Kong stocks | Crystal Integration (02249) rose more than 6% in early trading, making the company the third-largest foundry company in mainland China, profoundly benefiting from the shift in the display industry

The Zhitong Finance App learned that Jinghe Integrated (02249) rose by more than 6% in early trading and 5.76% at the end of press release, to HK$32.3 million, with a turnover of HK$105 million.

According to public information, Crystal Integration focuses on the 12-inch wafer foundry business. According to Frost & Sullivan, from 2020 to 2025, among the top ten global foundry companies, the company's production capacity and revenue growth rate was the highest in the world. According to the same source, in 2025, in terms of revenue, the company was the ninth largest in the world and the third largest foundry in mainland China.

Southwest Securities pointed out that the company is profoundly benefiting from the shift in the display industry and that foundry has returned to a growth channel. DDIC is currently the company's core business segment, accounting for 55.41% of revenue as of the end of 2025. Global panel manufacturing capacity is increasingly shifting to mainland China. Mainland China's share of global display panel production capacity increased from 50.0% in 2020 to 70.0% in 2024, and domestic replacement demand increased. The DDIC foundry market in mainland China is expected to reach US$2.6 billion by 2030, with a CAGR of 6.1%.