Shanghai, Jan 25, 2026, 10:36 GMT+8 — The market has closed.
- On Friday, Piotech’s Class A shares ended up 3.3%, closing at 376.03 yuan.
- A filing revealed the National Integrated Circuit Industry Investment Fund trimmed its stake to 16.86% through block trades.
- Traders are focused on Monday’s reopening and the shareholder meeting set for Jan. 26.
Piotech Inc’s Class A shares rose 3.3% on Friday, following the chip equipment maker’s announcement that a major shareholder had reduced its stake via block trades the previous day.
This filing stands out because it reveals new selling activity by one of Piotech’s largest shareholders, right as the stock hovers near recent peaks. As the Shanghai market remains closed over the weekend, traders will parse this disclosure before Monday’s open, searching for clues on supply and investor mood.
Investors are eyeing China tech as a way to hedge against the dollar and amid hopes for government backing. “We like China tech in particular because there’s some success there. There also seems to be government support,” Mark Haefele, chief investment officer at UBS Global Wealth Management, told Reuters this week in Davos. (Reuters)
In a filing on Jan. 23, Piotech revealed that the National Integrated Circuit Industry Investment Fund Co., Ltd. trimmed its stake to 16.86% from 17.92%. The fund sold 2.9776 million shares between Jan. 13 and Jan. 22 through block trades—large, privately negotiated transactions reported afterward to the exchange. Piotech noted these sales were part of a previously announced selling plan, which remains ongoing.
Piotech ended Friday at 376.03 yuan, swinging between 359.22 and 376.03 yuan during the session. The stock has soared roughly 154% over the last year but remains shy of its 52-week peak at 394 yuan. According to StockAnalysis, shares trade at around 109 times trailing earnings. (StockAnalysis)
Shares in Chinese chipmakers remain reactive to news on access to cutting-edge AI hardware. Reuters reported Saturday that Nvidia CEO Jensen Huang was in Shanghai as Beijing considers whether to approve Nvidia’s H200 AI chip sales to China. Customs officials have reportedly been instructed that the chip is “not permitted” to enter the country. (Reuters)
Company documents reveal Piotech plans its first extraordinary general meeting of 2026 for Jan. 26 at 2 p.m. in Shenyang. Shareholders will decide on appointing a non-independent director and reshuffling board committee positions. (Com)
The overhang remains obvious: the shareholder’s selling plan is ongoing, and block trades risk adding more supply if buyers turn around and dump shares back into the market. Piotech’s stock, now trading at a lofty multiple after a strong rally, could take a serious hit if the stake is cut further or risk appetite wanes.
Piotech’s next big event is the Shanghai reopening on Monday. Investors will be watching closely for any updates on sales before the shareholder vote on Jan. 26.
