Lianqi Technology rises over 15%! First-quarter net profit increases by 61% year-on-year, with significant growth in revenue from new interconnection chip products

As of 10:24 on May 11, the semiconductor industry chain is strengthening, with the Sci-Tech Innovation Chip ETF (588290) rising by 4.41%. The top ten holdings account for 60.67%, including Cambrian down 0.36%, GalaxyCore up 5.1%, SMIC up 1.99%, and Lianchuang Technology up 15.79%. As of the previous trading day, the fund has a cumulative 25-day increase of 40.98%, showing strong momentum. The Sci-Tech Innovation Chip ETF (588290) has a management fee of only 0.15% and a custody fee of 0.05%, making it the lowest-cost product tracking the same index in the entire market. For long-term investors, low fees mean more retained returns, and the cost advantage is significant.

Meanwhile, the Hong Kong stock heavy portfolio semiconductor industry and hardware content of 75%—the Hong Kong Stock Connect Information Technology ETF (513240)—tracked index increased by 2.15%.

On the news front, Lianchuang Technology announced that in the first quarter of 2026, operating revenue reached 1.46B yuan, a year-on-year increase of 19.51%; net profit attributable to shareholders of the listed company was 847 million yuan, a year-on-year increase of 61.30%. The 2025 annual report shows earnings per share of 1.98 yuan and a net profit of 2.24B yuan, up 58.35% year-on-year.

The company’s revenue growth is mainly due to the AI industry trend, with strong industry demand: on one hand, as DDR5 penetration increases and generations continue to iterate, the shipment volume of the company’s DDR5 RCD chips has significantly increased, with the shipment share of the third and fourth generations further rising; on the other hand, new interconnect chip products MRCD/MDB, PCIe Retimer, CKD, and CXLMXC chips have seen significant revenue growth.

Cinda Securities stated that the global semiconductor industry chain is showing a trend of diversification, with CPUs and AI chips becoming core growth points. Domestic companies have made significant progress in technological innovation and industry chain independence, promoting the industry toward high performance and low power consumption, and the investment value in related fields continues to emerge.

Huayuan Securities said that this week’s performance in the electronics industry was mixed, with semiconductor equipment, digital chip design, and passive component sectors performing strongly, reflecting an accelerated process of domestic substitution and a recovery in downstream demand. Meanwhile, panel, optical components, and LED sectors performed relatively weakly, indicating the industry is undergoing structural adjustments, with funds favoring niche fields with technological barriers and growth potential. (Note: The above information is for reference only and does not constitute investment advice. The market carries risks; invest cautiously.)

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