HK Stock Market Move | BASICSEMI (09971) surged over 8%, achieving a milestone of positive gross margin. Revenue from industrial-grade modules in the mid-term skyrocketed by 2825.1% year-on-year.

BASICSEMI (09971) rose over 8% during the trading session, and as of the time of reporting, it was up 4.71%, priced at HKD 42.20, with a trading volume of HKD 28.2296 million. On the news front, BASICSEMI recently released its interim performance for the six months ending June 30, 2026, showing that the group's operating revenue increased by 15.5% from RMB 104 million for the six months ending June 30, 2025, to RMB 121 million for the six months ending June 30, 2026. The overall gross margin improved from -28.8% for the six months ending June 30, 2025, to 2.8% for the six months ending June 30, 2026, marking a significant improvement of 31.6 percentage points and achieving a milestone in returning to positive gross margins. In the article titled "BASICSEMI (09971) Issues First Interim Report: Gross Margin Turns Positive Against the Trend, Industrial Modules Surge by 2825%," it was noted that industrial-grade modules experienced explosive growth, with revenue surging 2825.1% year on year during this period. Compared to automotive-grade products, industrial-grade modules require fewer chips and packaging materials, thus exhibiting inherently better gross margins at equivalent sales scales; their rapid increase in volume directly contributed to the overall improvement in gross margins. During the reporting period, BASICSEMI's products were adopted by leading domestic telecommunications operators in AI data centers, supporting the domestic substitution of intelligent computing clusters and green low-carbon operations. Industrial-grade silicon carbide power modules have accumulated over 30,000 orders in the electroplating power supply sector, and demand in renewable energy scenarios such as photovoltaics and energy storage continues to rise.