HK Stock Market Move | Ingenic Semiconductor (03223) surged over 12% after earnings, with third-quarter net profit up nearly 26-fold year-on-year, as the storage business contributed the main incremental growth.

Ingenic Semiconductor (03223) rose over 12% after earnings. As of press time, it was up 12.28% at HK$75, with turnover of HK$15.7456 million. On the news front, Ingenic Semiconductor announced on the evening of October 27 that for the first three quarters, the company achieved operating revenue of RMB7.102 billion, up 106.66% year-on-year; net profit attributable to shareholders was RMB2.616 billion, up 922.95% year-on-year. In the third quarter, operating revenue was RMB3.145 billion, up 164.85% year-on-year; net profit attributable to shareholders was RMB1.419 billion, up 2,595.49% year-on-year. Among these, the storage business contributed the main incremental growth. In the first three quarters of 2026, the company's storage chip revenue was RMB4.916 billion, up 130.73% year-on-year, with a gross margin of 56.53%; based on calculations using the interim report, third-quarter storage chip revenue was approximately RMB2.284 billion, up 206.16% year-on-year, with a third-quarter gross margin of approximately 66.3%. In addition, in the first three quarters, computing chip revenue was RMB1.752 billion, up 92.89% year-on-year, with a gross margin as high as 64.04%; analog chip revenue was RMB418 million, up 11.7% year-on-year, with a gross margin of 49.28%.