Beijing Ingenic’s Quarterly Profit Jumps 2,595.49% as Third-Quarter Revenue Surges

Key Facts

Beijing Ingenic Semiconductor said net profit attributable to shareholders reached 1.419 billion yuan in the third quarter of 2026, up 2,595.49% year on year, alongside revenue of 3.145 billion yuan, up 164.85% from the same period. Results disclosed by the company on the CNINFO platform showed profit growth outpaced revenue growth during the quarter. Net profit excluding non-recurring items was 1.429 billion yuan, up 3,436.84% year on year. The company did not provide a comparison with analysts’ estimates in the disclosure. The third-quarter financial statements were also unaudited, according to the company.

In the first nine months of 2026, the company recorded revenue of 7.102 billion yuan, up 106.66% year on year, while net profit attributable to shareholders rose to 2.616 billion yuan, an increase of 922.95%. Basic earnings per share were 2.8605 yuan in the third quarter, up 2,519.51% from the same quarter a year earlier. For the first nine months, earnings per share reached 5.3709 yuan, up 912.23%. These figures place the quarter’s performance within a broader expansion in the company’s results this year, with profit growing faster than revenue in both reported periods.

The company attributed part of its business growth to conditions in the memory market, saying demand for DRAM chips was strong and tight supply had driven prices higher. It added that demand for flash chips was increasing, particularly in emerging areas such as AI servers, while SRAM chips maintained a healthy demand trend. The description highlights the link between memory demand and expanding computing applications, including servers dedicated to AI applications. The company cited these factors as part of its account of the market environment in which its product lines operated during the period.

In detail, the memory-chip business generated revenue of 4.916 billion yuan in the first nine months, up 130.73% year on year. The computing-chip business recorded 1.752 billion yuan, up 92.89%, while analog-chip revenue was 417.522 million yuan, up 11.70%. The company said computing-chip sales benefited from growing demand and a shortage of raw storage materials, supporting year-on-year revenue growth and continued growth from the previous quarter. It added that analog-chip sales continued to grow steadily. The revenue breakdown shows memory was the fastest-growing of the three businesses disclosed in the report.

Net cash flow from operating activities was 1.896 billion yuan in the first nine months, up 271.53% from the same period a year earlier. The company attributed this to revenue growth and the accompanying increase in cash receipts from sales of goods and provision of services. At the end of September, total assets stood at 19.250 billion yuan, up 41.82% from the end of the previous year. These indicators provide a parallel view of profit and revenue growth, pointing to higher operating cash flow and an expanding asset base during the period covered by the disclosure.

In trading, a Shanghai Securities News report published by East Money said the company’s shares were among the gainers in China’s semiconductor sector on October 28, but did not specify the change in Ingenic’s share price. The report said the sector was active that day, with other companies’ shares also rising, including Wuhan Xinxin, which closed at the daily limit of 20%. Investing.com data available during the session at 11:30 showed Beijing Ingenic shares, ticker 300223, up 15.77% at 109.52 yuan. That was delayed intraday data, not a final closing percentage. The company listed its H shares on the main board of the Hong Kong Stock Exchange on August 25, 2026.

The company completed its share buyback program on September 24, after purchasing 1,018,300 shares for a total of 150,011,824.33 yuan, before transaction fees. The disclosure was part of the report covering the first nine months and the third quarter. The quarterly figures presented remain unaudited, as the company stated. The disclosure, among the facts provided, did not include a later date for announcing results or a new financial update.