The Zhitong Finance App learned that Lanqi Technology (06809) rose nearly 5% in early trading. As of press release, it had risen 3.66% to HK$215.2, with a turnover of HK$120 million.
According to the news, on October 30, Lanqi Technology announced that in the first three quarters of 2026, the company achieved operating income of 5.414 billion yuan, an increase of 33.4% over the previous year; realized net profit attributable to shareholders of listed companies of 3,237 billion yuan, an increase of 98.3% over the previous year, and realized net profit attributable to shareholders of listed companies after deducting non-recurring profits and losses of 2,327 billion yuan, an increase of 58.6% over the previous year. The announcement said that during the period, as the share of revenue of new DDR5 sub-generation RCD chips and interconnect chip products increased, the gross margin of interconnect chips reached 68.9%, an increase of 4.1 percentage points over the previous year, driving the company to achieve gross profit of 3,583 billion yuan, an increase of 43.7% over the previous year.
Zheshang Securities released a research report saying that as of October 26, 2026, it is estimated that the amount of interconnect chip orders delivered by Lanqi Technology in the fourth quarter is 25.0-2.79 billion yuan, which is equivalent to 1.22-1.36 times the revenue of a single Q3 interconnect chip. As AI infrastructure construction continued to advance and server platforms and DDR5 memory modules were upgraded at an accelerated pace, demand for memory interfaces and supporting chips remained strong, and sufficient on-hand orders supported the company's revenue growth in the fourth quarter.