"Intense reports of good news" on the performance, R&D, and buybacks of leading players in many tracks on the Science and Technology Innovation Board

China News Service, Shanghai, October 18 (Gao Zhimiao) Recently, Shanghai-listed companies have intensively disclosed third-quarter performance forecasts, share repurchases, shareholder increases, and project progress announcements. Data shows that as of the close of trading on October 16, more than 20 listed companies on the Science and Technology Innovation Board have disclosed performance forecasts for the first three quarters of 2026, and improving profits has become the mainstream trend.

On the evening of October 16, Changxin Technology, the leader in memory chips on the Science and Technology Innovation Board, issued two announcements in succession. Changxin Technology expects to achieve operating income of approximately 265 billion yuan to 270 billion yuan in the first three quarters of 2026, an increase of 232.916 billion yuan to 237.916 billion yuan compared with the same period last year; the net profit attributable to shareholders of listed companies is expected to be approximately 131 billion yuan to 132.5 billion yuan, compared with a loss of 5.280 billion yuan in the same period last year, and a year-on-year turnaround.

Industry insiders said that the common characteristics of this round of improvement in the performance of the Science and Technology Innovation Board are: first, the profit growth rate of some companies has significantly outperformed the revenue growth rate. The profit elasticity does not come entirely from revenue expansion, but is driven more by the increase in the proportion of high value-added products and the scale effect after the release of production capacity; second, the demand for AI computing power industry chain is still an important source of growth; third, a group of hard technology companies that were previously in the stage of ramping up production capacity have gradually emerged from the quagmire of losses as yield rates have increased and shipments have increased, and some companies have turned losses into profits.

The other side of high performance growth is the emphasis that technology companies place on investor returns. Recently, the repurchase and holding activities of companies on the Science and Technology Innovation Board have continued to be active, with intensive disclosure of repurchase plans and steady progress in implementation. From October 16th to 18th, eight companies have announced their latest buyback plans, involving Changxin Technology, Haiguang Information, Montage Technology and other companies. Judging from the scale and implementation of repurchases, many companies have launched large-amount repurchase plans, and some companies continue to increase repurchases. At the same time, some companies have made positive progress in their buyback and holding plans.

Looking over time, since the third quarter, companies on the Science and Technology Innovation Board have remained active in repurchasing and increasing their holdings, with more than 40 new repurchase plans and an estimated total repurchase limit of nearly 5 billion yuan; nearly 20 new shareholding increase plans, with an upper limit of more than 700 million yuan. Some companies have launched repurchase plans continuously. Espressif Systems launched a new round of plans the day after completing the previous round of repurchases. Baiwei Storage launched two repurchase plans within two months, each with an amount of 200 million to 250 million yuan.

It is worth noting that, unlike in the past, a major feature of this round of repurchases is that the number of repurchase proposals initiated by the chairman has increased significantly. Some market participants pointed out that during the critical period of capacity construction and technology iteration, technology companies are still willing to use their own funds or self-raised funds to repay shareholders and stabilize expectations, reflecting the overall improvement in corporate governance and market value management awareness of the Science and Technology Innovation Board.