Shanghai Securities News | AI Demand Expands Across Multiple Fronts: Shanghai Market Industry Chain Companies Show Strong Momentum

Shanghai Securities News, www.cnstock.com (Reporter He Xinyi) — In 2025, the advancement and deepened application of artificial intelligence technologies have become key growth drivers for the industry. Notable growth has been recorded in areas such as AI computing chips, memory chips, advanced packaging, and semiconductor equipment. Among the 276 companies on the Shanghai Stock Exchange (SSE) main board that have reported positive earnings results to date, 22 are from the electronics sector, making it one of the industries with the largest number of companies posting encouraging performance. These include Shengyi Technology, Rockchip Electronics, and GigaDevice Semiconductor, all of which have forecast earnings growth.

On the evening of March 3, Foxconn Industrial Internet disclosed the progress of its share repurchase plan. As of the end of February 2026, the company had cumulatively repurchased nearly RMB 350 million worth of shares under its RMB 500 million to RMB 1 billion buyback program, corresponding to 11.1749 million shares. Notably, based on confidence in its future development, the company recently raised the upper limit of the repurchase price to ensure the continued implementation of the buyback plan.

The impressive performance driven by the explosive growth in AI demand echoes the company's firm commitment to advancing the share repurchase. The company has forecast net profit attributable to shareholders of the parent company for 2025 to increase by 51% to 54%, reaching between RMB 35.1 billion and RMB 35.7 billion. According to the company, a major driver of earnings growth is the strong momentum in its cloud computing business, with AI server revenue from cloud service providers surging more than threefold year on year in 2025.

The acceleration of AI computing infrastructure development has driven increased demand for memory chips, contributing to an improved supply-demand structure and an upward cycle in the memory industry. GigaDevice Semiconductor expects to achieve operating revenue of RMB 9.203 billion in 2025, representing a year-on-year increase of 25%, and net profit attributable to shareholders of the parent company of RMB 1.61 billion, up 46% year on year. In its announcement, the company stated that the rapid build-out of AI computing capacity has stimulated the release of demand for memory products in the PC, server, and automotive electronics sectors. Coupled with the upward industry cycle and an optimized supply-demand structure in the memory market, this has driven simultaneous growth in both sales volume and average selling prices of the company's products.

The AIoT market is experiencing rapid growth, with edge-side AI technologies and applications continuing to advance at a high pace. Rockchip Electronics expects to achieve operating revenue of RMB 4.387–4.427 billion in 2025, representing a year-on-year increase of approximately 39.88% to 41.15%, and net profit attributable to shareholders of the parent company of RMB 1.023–1.103 billion, up 71.97% to 85.42% year on year. In 2025, the ongoing innovation in edge-side AI technologies has led to the emergence of a wide variety of new intelligent hardware, driving rapid growth in the AIoT market. The company's RK3588, RK3576, and RV11 series computing platforms have achieved scaled shipments in high-growth sectors such as automotive electronics, robotics, and machine vision. Meanwhile, the world's first 3D-architecture edge-side AI co-processor, RK182X, has been rapidly adopted by over 100 customers, strengthening the company's leading position in edge-side AI computing power. This has boosted the proportion of high-value-added product revenue, driving simultaneous increases in both gross margin and net profit margin.

The surge in AI demand has also boosted shipments for hardware companies producing basic components and modules, enhancing overall performance. As the most critical substrate in PCB manufacturing, rising demand has driven substantial growth for copper-clad laminate producer Shengyi Technology.

On February 28, Shengyi Technology released its preliminary earnings report for 2025. The company achieved operating revenue of approximately RMB 28.431 billion, up 39.45% year on year, and net profit attributable to shareholders of the parent company of RMB 3.334 billion, up 91.76% year on year. According to the company, the simultaneous high growth in revenue and profit during the reporting period was primarily driven by increased sales volume and higher selling prices of copper-clad laminate products, coupled with the subsidiary Shengyi Electronics' focus on high-end segments, which continued to raise the proportion of high-value-added products.