STAR Market Chip Design Q3 Reports: 67 Companies Post Revenue Growth, CXMT and Cambricon Lead Memory and Computing Power
The Q3 reports of 76 chip design companies on the STAR Market show that 67 companies posted positive revenue growth and 53 companies reported positive net profit attributable to parent, with memory and computing power being the two main lines with the most concentrated performance elasticity. CXMT's revenue in the first three quarters was 269.024 billion yuan, up 738.5% year-on-year, and its net profit attributable to parent was 132.040 billion yuan, with both revenue and net profit ranking first in the sector; Cambricon's revenue was 9.526 billion yuan, up 106.8% year-on-year, and Hygon Information's revenue was 14.955 billion yuan, up 57.6% year-on-year.
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STAR Market chip design sector Q3 report review: 67 companies achieve positive revenue growth; leaders in the storage and computing power segments lead in performance
STAR Market Daily reporter Guo Hui, editor Zeng Le 2026-11-02 09:16
① According to statistics from Cailian Press Chuangtoutong, a total of 76 listed companies in the STAR Market chip design industry completed disclosure of their Q3 reports, with 67 achieving positive revenue growth; ② After experiencing cyclical fluctuations, the overall recovery of the chip design segment has moved from "partial rebound" to "comprehensive improvement," and among them the two major segments of storage and computing power constitute the two main lines with the most concentrated performance elasticity in this round.
STAR Market Daily, November 2 (Reporter Guo Hui) As of now, STAR Market listed companies have completed disclosure of their Q3 reports.
According to statistics from Cailian Press Chuangtoutong, a total of 76 listed companies in the STAR Market chip design industry completed disclosure of their Q3 reports, and the performance outline is gradually becoming clear: in the first three quarters of this year, 67 companies achieved positive revenue growth, accounting for 88.16%; 53 companies achieved positive net profit attributable to parent company, accounting for 69.74%.
In terms of revenue scale in the first three quarters, Changxin Technology, Biwin Storage, Hygon Information, Cambricon, SmartSens, Raytron Microelectronics, Amlogic, Puya Semiconductor, GalaxyCore, and Montage Technology ranked in the top ten by revenue.
Top ten companies by revenue scale in the STAR Market chip design sector in the first three quarters
In terms of revenue growth rate, Changxin Technology, Dosilicon, Puya Semiconductor, Enflame Technology, Yuanjie Technology, Moore Threads, Biwin Storage and other companies ranked at the top.
Top ten companies by revenue growth in the STAR Market chip design sector in the first three quarters
After experiencing cyclical fluctuations, the overall recovery of the chip design segment has moved from "partial rebound" to "comprehensive improvement," and among them the two major segments of storage and computing power constitute the two main lines with the most concentrated performance elasticity in this round.
From an industry perspective, in the first three quarters, companies in the storage segment led the sector in performance, with Changxin Technology "far ahead," ranking first in the sector by both revenue and net profit scale, while module and niche storage performance saw collective volume expansion.
In the first three quarters of this year, Changxin Technology achieved operating revenue of 269.024 billion yuan, a year-on-year increase of 738.5%; net profit attributable to parent company was 132.040 billion yuan, reversing the loss of 5.28 billion yuan in the same period last year. As a leader in domestic DRAM, its simultaneous rise in volume and price drove the prosperity transmission across the entire storage industry chain.
Changxin Technology management said at a recent earnings meeting that in the computing and enterprise-level fields, AI computing infrastructure construction has entered an acceleration period, and large data centers are generating exponential consumption of high-spec memory. At present, the company's main products such as DDR5 are clearly in a state of supply falling short of demand. Based on the certain demand of current customers, the company maintains an optimistic expectation for the continued growth of its enterprise-level business. At the same time, Changxin Technology also stated that it is optimistic about the incremental memory space brought by the popularization of AI terminals.
Storage modules and niche storage chips also benefited significantly.
Biwin Storage's revenue in the first three quarters was 21.717 billion yuan, a year-on-year increase of 230.3%, and net profit attributable to parent company was 8.768 billion yuan; Dosilicon's revenue increased by about 475% year-on-year to 3.292 billion yuan, and net profit attributable to parent company turned positive from -146 million yuan in the same period last year to 1.489 billion yuan; Puya Semiconductor's revenue was 7.010 billion yuan, a year-on-year increase of 389.1%, and net profit attributable to parent company was 1.555 billion yuan. The resonance of volume and price in the storage segment is the area with high revenue growth and concentrated turnaround from losses in the sector this year.
Cambricon's revenue in the first three quarters was 9.526 billion yuan, a year-on-year increase of 106.8%, and net profit attributable to parent company was 3.715 billion yuan; Hygon Information's revenue was 14.955 billion yuan, a year-on-year increase of 57.6%, and net profit attributable to parent company was 2.847 billion yuan. As the two representative targets of domestic AI computing power, both climbed simultaneously in revenue scale and profit quality.
Sha Chaoqun, director and general manager of Hygon Information, said at the earnings meeting that the company has sufficient orders on hand, and computing infrastructure is still accelerating expansion. The deep adaptation of domestic models and domestic chips has become a clear direction, and demand for the company's products in the AI computing power segment continues to rise, which will strongly support the company's performance growth.
Another beneficiary direction of the spillover from AI infrastructure demand growth is interconnect chips. Montage Technology's revenue in the first three quarters was 5.414 billion yuan, a year-on-year increase of 33.4%, and net profit attributable to parent company was 3.237 billion yuan, ranking among the top in the sector by net profit. Its shipments of memory interfaces and supporting chips expanded with server demand, showing the prosperity of the supporting segment for AI accelerator cards.
In terms of net profit attributable to parent company scale, Changxin Technology, Biwin Storage, Cambricon, Montage Technology, Hygon Information, Raytron Microelectronics, Puya Semiconductor, Dosilicon, Amlogic, and Fudan Microelectronics ranked in the top ten of the STAR Market chip design sector in the first three quarters by net profit attributable to parent company.
Top ten companies by net profit attributable to parent company scale in the STAR Market chip design sector in the first three quarters
In addition, among the 28 companies that were in a loss-making state in the same period last year (the first three quarters of 2025), 13 achieved a turnaround from losses to profits, and 6 saw their loss scale narrow.
Among them, the list of companies that turned losses into profits covers multiple subdirections including storage (Changxin Technology, Dosilicon), computing power (MetaX, Moore Threads, ASR), analog (NOVOSENSE, Dioo Microcircuits, BPS Technology, Jinghua Micro), display drivers (Mingwei Electronics), and radio frequency (Kangxi Communication).
At the same time, Anlogic, Enflame Technology, Motorcomm, and ChipON Technology and others achieved narrowed losses through expense control and product structure optimization.
Cailian Press statement: The content of this article is for reference only and does not constitute investment advice. Investors who act accordingly do so at their own risk.
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