BASIC SEMI (09971.HK): H1 2026 Revenue Rises to RMB 121 Million as Gross Margin Turns Positive, Loss Narrows 8.8%

NewTimeSpace News: On 22 September 2026, Shenzhen BASiC Semiconductor Co., Ltd. (stock code: 09971) published its interim report for the six months ended 30 June 2026. Revenue reached approximately RMB 121 million, up 15.5% year on year, and loss for the period was approximately RMB 162 million, narrowing 8.8% from a year earlier.

The announcement disclosed that the Group's overall gross margin improved to 2.8% from negative 28.8% a year earlier, a gain of 31.6 percentage points, marking a milestone of positive gross margin. The adjusted net loss (non-IFRS measure) was approximately RMB 112 million, narrowing 15.1%. Revenue from industrial-grade silicon carbide power modules surged 2,825.1% year on year, and silicon carbide MOSFET revenue grew 582.3%, as emerging application scenarios accelerated adoption.

The Company's H shares were listed on the Main Board of the Stock Exchange on 8 July 2026. During the period, the Group continued R&D and platform iteration across three product directions — silicon carbide discrete devices, silicon carbide power modules and power semiconductor gate drivers — and expanded its customer base, adding over 60 new customers for industrial-grade silicon carbide power modules. The board does not recommend an interim dividend.

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