HK Stock Market Move | Nexchip Semiconductor Corporation (02249) rose over 10% as shareholder Huaqin Co., Ltd. plans to increase its holdings by up to 25 million shares; third-quarter net profit up 5.23% year-on-year.

Nexchip Semiconductor Corporation (02249) rose over 10%, up 10.18% as of press time at HK$19.7, with turnover of HK$21.4349 million. On the news front, Nexchip Semiconductor Corporation announced last night that shareholder Huaqin Co., Ltd.'s wholly-owned subsidiary Huaqin Telecom Hong Kong Limited plans to increase its holdings of the company's H shares through the Hong Kong Stock Exchange system via centralized bidding using its own funds within 3 months starting from October 27, 2026, with the increase ranging from 15 million to 25 million shares. Meanwhile, Nexchip Semiconductor Corporation released its third-quarter results: third-quarter revenue was RMB3.252 billion, up 9.88% quarter-on-quarter and up 19.57% year-on-year; profit attributable to owners of the company was RMB229 million, up 17.83% quarter-on-quarter and up 5.23% year-on-year. The company expects fourth-quarter 2026 revenue to be approximately between RMB3.2 billion and RMB3.4 billion.