SHANGHAI, Jan 26, 2026, 10:37 CST — Regular session
- Hangzhou Silan Microelectronics’ A shares slipped in morning trading, trailing some segments of the wider market.
- Chip-related stocks showed a mixed performance across mainland China and Hong Kong as investors shifted positions early in the session.
- Traders are keeping an eye on sector flows and await the company’s upcoming results update.
Hangzhou Silan Microelectronics’ A shares on the Shanghai exchange (600460.SS) slipped 2.8% to 30.78 yuan Monday morning, erasing gains from last week’s rally in China’s chip sector. The stock fluctuated between 30.72 yuan and 31.58 yuan, while the company’s market cap hovered around 51.35 billion yuan, according to Investing.
This shift stood out as chip stocks have turned into a crowded bet in January, with early selling emerging in key supply chain segments. By 9:55 a.m., the CSI semiconductor materials and equipment theme index dropped 4.6%. Yet, an E Fund ETF focused on the sector reportedly attracted net inflows amid the slump, according to Chinese media. (NBD)
The broader market didn’t show signs of breaking at the open. China’s main indexes kicked off the session on a positive note, buoyed by gains in metals and other defensive sectors, according to a China News report. This kind of sector rotation often puts pressure on growth areas like semiconductors as investors pare back risk. (China News)
Hong Kong’s semiconductor sector edged down early on, reflecting a cautious mood across the space. Stocks like SMIC, Hua Hong Semiconductor, and Shanghai Fudan all dipped, while GigaDevice and other chipmakers also saw their shares fall, according to Sina Finance. (Sina Finance)
China’s chip supply chain remains in focus amid global headlines. Nvidia CEO Jensen Huang spent the weekend in Shanghai, Reuters reported Saturday, as the company awaits a green light from Chinese regulators on selling its H200 AI chip to local customers. (Reuters)
Still, some domestic managers are betting on the trend. Tang Xiaobin, a fund manager at GF Fund, told Securities Times that “2026 may be AI’s ‘Darwin moment,’” highlighting ongoing strength in storage and semiconductor equipment. (Com)
Silan isn’t an AI GPU manufacturer. It’s an IDM, which means it handles both design and production of its chips internally. Its product lineup includes integrated circuits, discrete semiconductor devices, and LEDs, serving consumer electronics along with industrial and automotive sectors, according to Reuters data. (Reuters)
The company has ramped up capacity projects focused on power devices. In early January, it hosted an event in Xiamen to showcase progress on an 8-inch silicon carbide (SiC) power-device line and to kick off a 12-inch high-end analog chip project. The total planned investment runs into the tens of billions of yuan, according to Securities Times. Chairman Chen Xiangdong described the two lines as key to ensuring “stable supply” and quicker customer response. (STCN)
That expansion, however, ups the pressure. Should demand for power chips in autos, industrial equipment, or energy gear falter, or if new production lines come online more slowly than anticipated, investor attention will shift sharply to margins, cash flow, and how fast returns materialize.
The next major trigger for the stock is the company’s upcoming annual report. According to Eastmoney’s stock calendar, Hangzhou Silan Microelectronics is set to release its 2025 annual report on April 14, 2026. This date often draws attention to guidance, order flow, and capex details. (Eastmoney Data Center)
