Chipmaker Changchuan Tech H1 Revenue Up 60%, Net Profit Surges 126% on Tester Shipments

Changchuan Technology reported H1 2026 revenue of RMB 3.461 billion (+59.72% YoY), with net profit attributable to shareholders of RMB 964 million (+125.67% YoY), driven by strong tester shipments as the primary growth engine. Operating cash flow turned positive at RMB 333 million. The company completed a RMB 3.127 billion private placement and introduced an interim dividend. R&D spending remained elevated, but inventories rose to RMB 4.785 billion, raising impairment risks, while investment expansion added pressure on funding and debt levels.