Basic Semiconductor Shares Jump on Strong Silicon Carbide Growth and UBTECH Robotics Partnership

Shares of Basic Semiconductor (09971.HK) rose sharply in early trading after the company released strong interim financial results, highlighted by explosive growth in its silicon carbide (SiC) business. As of press time, the stock was up 6.43% to HK$46.34, with a turnover of HK$7.98 million, according to a report from Zhitong Finance.

H1 Results Show Revenue Mix Shift

Basic Semiconductor's first-half performance was driven by a strategic shift towards higher-value products. The company's latest earnings report detailed several key achievements:

• Total Revenue: Reached 121 million yuan, a 15.5% increase year-over-year.
• Gross Margin: Improved significantly by 31.6 percentage points, achieving a positive gross margin for the period.
• SiC Growth: Revenue from industrial-grade SiC power modules grew by an astounding 2,825.1% year-over-year, while SiC MOSFET revenue increased by 582.3%.

This rapid expansion means that industrial modules and SiC MOSFETs now constitute 30.5% of the company's total revenue, a substantial increase from just 3.6% in the same period last year. This pivot underscores the company's successful focus on the high-demand SiC power device market.

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New Partnership in Humanoid Robotics

Adding to the positive sentiment, Basic Semiconductor announced it has signed a strategic cooperation agreement with UBTECH Robotics, a leading company in the humanoid robot industry. The announcement was made at the World Robot Conference.

The partnership will focus on the application of Basic Semiconductor's SiC power devices within embodied AI and humanoid robots. According to the announcement, the two companies will collaborate to develop low-power, high-endurance solutions for critical systems like power management and motion control, signaling a key entry into the burgeoning robotics market for the semiconductor firm.