Semiconductor new stock listing: Huike shares surged over 650% during trading, earning 30k per lot.

China-Singapore Business Daily, June 26 — On June 26, Huike Electronic Corporation officially went public. During trading, it triggered two intraday trading halts, with a maximum gain of 650.99%.

Screenshot from iFinD by Eastmoney

As of the time of publication, Huike’s share price had fallen back to 49.07 yuan per share, up 384.88%, with a turnover rate of 37.07% and a total market capitalization of 360.7 billion yuan.

China-Singapore Business Daily noted that Huike’s offering price was 10.12 yuan per share. Based on the intraday high of 76 yuan on the morning of the 26th, taking one lot (500 shares), the maximum unrealized profit would be 32,940 yuan.

According to the prospectus, Huike Electronic Corporation is a leading and world-renowned technology company in China focused on the semiconductor display industry. Its principal businesses include the R&D, manufacturing, and sales of core display devices such as semiconductor display panels and smart display terminals. Its main products include TV panels and IT panels of various sizes and types, TV terminals, IT terminals, and various smart IoT terminals. They are widely used in display scenarios such as consumer electronics, commercial displays, automotive electronics, industrial control, and smart IoT.

Ahead of trading on the 26th, Huike disclosed a risk warning announcement for its first day of listing, showing that for 2023, 2024, and 2025, the company’s revenue was 3,582.4 million yuan, 40.282 billion yuan, and 40.897 billion yuan, respectively, and net profit attributable to the parent was 2.582 billion yuan, 3.320 billion yuan, and 3.801 billion yuan, respectively.

In the first quarter of 2026, the company achieved revenue of 10.263 billion yuan, up 5.85% year on year; net profit attributable to the parent was 996 million yuan, down 1.61% year on year. Regarding the decline in net profit attributable to the parent, the company stated that it was mainly because, while gross profit amounts increased year on year, non-recurring gains and losses decreased year on year. In addition, the company expects revenue of 200–220 billion yuan in the first half of 2026, representing a year-on-year change of 5.28%–15.81%; net profit attributable to the parent of 18.50–20.50 billion yuan, with a year-on-year change of -14.42% to -5.17%.

The announcement shows that the company faces the risk of a slowdown in operating performance growth. In 2024 and 2025, the growth rates of the company’s main business revenue were 12.85% and 1.04%, respectively, indicating a trend of slowing growth. This was mainly due to fluctuations in TV panel market prices, the impact of the global trend toward larger-screen televisions, and the company’s proactive adjustment of its product structure.

Huike Electronic Corporation stated that it conducted a breakeven analysis of changes in the sales price of semiconductor display panels based on 2025 financial data. Under the condition that other factors remain unchanged, if the company’s semiconductor display panel sales price drops by 15.62% due to a decline in the display panel industry’s level of business prosperity or cyclical fluctuations in the industry, the company will reach the breakeven point, and operating profit will be zero. (China-Singapore Business Daily APP)