Changes in Hong Kong stocks | Basic Semiconductors (09971) rose more than 8%, and the company achieved a milestone of positive gross margin. Mid-term industrial-grade module revenue surged 2825.1% year-on-year

The Zhitong Finance App learned that Basic Semiconductor (09971) rose more than 8% in the intraday period. As of press release, it had risen 4.71% to HK$42.2, with a turnover of HK$28.2296 million.

According to the news, recently, Basic Semiconductor announced its interim results for the six months ended June 30, 2026. The Group's revenue increased 15.5% from RMB 104 million for the six months ended June 30, 2025 to RMB 121 million for the six months ended June 30, 2026. Overall gross margin improved from -28.8% for the six months ended June 30, 2025 to 2.8% for the six months ended June 30, 2026, a significant improvement of 31.6 percentage points, achieving the milestone of positive gross margin.

The Zhitong Finance App pointed out in the “First Interim Report on the Launch of Basic Semiconductors (09971): Gross Margin Buck the Trend, and Industrial Modules Surged 2825%” that industrial-grade modules ushered in explosive growth, and revenue surged 2825.1% year-on-year during the period. Compared to automotive-grade products, industrial-grade modules require fewer chips and packaging materials, and gross margin performance is naturally better at the same sales scale. Its rapid release directly drives overall gross margin improvement. During the reporting period, basic semiconductor products were adopted in AI data centers of leading domestic telecom operators to provide support for localized replacement of intelligent computing clusters and green and low-carbon operation. The cumulative number of orders for industrial-grade silicon carbide power modules in the field of electroplating power supplies has exceeded 30,000, and demand for renewable energy scenarios such as photovoltaics and energy storage continues to increase.