Shanghai, Jan 18, 2026, 09:20 CST — Market closed
- Piotech Inc Class A shares climbed 3.67% on Friday, closing at 385.68 yuan following a block trade worth 108 million yuan
- The deal went through at 382.64 yuan, reflecting a 0.79% discount to the close, with the buyer marked as “institution-only”
- Investors are now focused on Monday’s reopening and the shareholder vote set for Jan. 26 following a board vacancy
Piotech Inc’s Class A shares on the Shanghai exchange climbed 3.67% Friday, finishing at 385.68 yuan following a block trade by an institutional investor. The stock has gained 7.26% over the last five sessions. (STCN)
This is significant since China’s chip-toolmaker stocks have been volatile and quick-moving, with large off-market trades often revealing who’s buying. Piotech, which produces thin-film deposition tools for both memory and logic chip manufacturing, primarily serves the domestic market, LSEG data shows. (Reuters)
The sector drew attention after Reuters revealed in late December that Chinese fabs must meet a domestic-equipment quota when expanding capacity. This move aims to channel orders to local suppliers. Companies like Naura Technology and Advanced Micro-Fabrication Equipment (AMEC) stand to gain from the policy shift. (Reuters)
On Friday, 282,500 Piotech shares were exchanged in a block trade valued at 108.1 million yuan, priced at 382.64 yuan per share—0.79% below the closing price. The buyer was listed as “institution-only,” while the seller was Huatai Securities’ Beijing branch, according to Sina Finance. Block trades are privately negotiated deals, reported separately from standard exchange trading. (Sina Finance)
Supply is ticking up. Piotech reported that 1,180,972 shares tied to its 2022 restricted-stock incentive plan went live for trading on Jan. 15, pushing the total share count to 282,344,902. The initial tranche excluded directors and senior managers. (Cnstock Paper)
A separate filing revealed that the National Integrated Circuit Industry Investment Fund Co Ltd — known as the state-backed “Big Fund” — trimmed its stake to 17.92% from 18.92%. It sold 2.6121 million shares through block trades between Dec. 25 and Jan. 12, also factoring in dilution from an incentive share issuance. The filing noted the reduction plan remains unfinished.
Governance remains a hot topic. Piotech scheduled an extraordinary shareholders meeting for Jan. 26 after director Qi Lei stepped down citing personal reasons. A shareholder has put forward Zhang Jingyi as a candidate for non-independent director, the company said in a notice. (Cnstock Paper)
Analysts remain bullish on the broader equipment sector. In a Dec. 30 report, Dongguan Securities’ Liu Menglin and Chen Weiguang highlighted how AI-driven storage growth and local capacity expansions are making the equipment segment “more visible.” They singled out Piotech as one of the key players to watch. (DFC Financial Web)
Momentum can work against Piotech as well. The stock is currently hovering near the high end of its 52-week range, which stretches from 138.63 to 394.00 yuan. On Friday, it fluctuated between 371.20 and 391.88 yuan. Investors will be watching closely ahead of the next earnings report, slated for April 28, per data from Investing.
Shanghai’s reopening on Monday will put the spotlight on block-trade activity to see if the selling pressure among shareholders is picking up or easing. Most eyes are fixed on the shareholder meeting scheduled for Jan. 26 as the next key date.
