Ingenic Semiconductor (300223)
Ingenic Semiconductor (300223) is a Chinese fabless designer whose memory business runs through its acquisition of ISSI, supplying specialty and automotive-grade DRAM, SRAM, and flash, alongside AIoT compute chips. In ETFpedia it represents the specialty and automotive memory slice of the China Memory & Storage concept, with first-quarter 2026 net profit up 332%.
| Ticker | 300223 |
|---|---|
| Exchange | SZSE ChiNext |
| Sector | Technology · Specialty & Automotive Memory (via ISSI), AIoT Compute |
| Country | China |
| Wikidata | Q511901 |
| Last updated | 2026-06-16 |
Next event:Next report · H1 2026 半年报 (semi-annual report), estimated · Estimated from China's August 31 semi-annual filing deadline; not company-confirmed. Last report: Q1 2026 一季报 filed 2026-04-28. (source)
Latest reported quarter:Q1 2026 (ended Mar 31, 2026) (reported2026-04-28)
Ingenic's Q1 2026 revenue rose 47.12% year over year to about ¥1.56 billion and net profit attributable to shareholders jumped 331.61% to about ¥319 million, with gross margin reaching 43.49%, a roughly ten-year high, as memory and compute chip prices and volumes both rose.
| Revenue | ¥1.56B+47.12%YoY |
|---|---|
| Net profit (attrib.) | ¥319M+331.61%YoY |
| Gross margin | 43.49% · Roughly a ten-year high |
Revenue by segment
| Memory chips (DRAM, SRAM, NOR/NAND via ISSI) | ¥1.02B · 65%of revenue+53.63% YoY |
|---|---|
| Compute chips (AIoT, microprocessor) | ¥0.40B · 26%of revenue+49.09% YoY |
| Analog & connectivity | ¥0.13B · 8%of revenue+11.02% YoY |
Recent & upcoming events
- · FY2025 annual results filed.Full-year 2025 revenue of ¥4.74 billion (+12.54%) and net profit of ¥376 million (+2.74%), with basic EPS of ¥0.7803. (source)
- · Q1 2026 results: profit up 332%.Revenue ¥1.56 billion (+47.12%) and net profit ¥319 million (+331.61%) at a 43.49% gross margin, led by memory (+53.63%) and compute (+49.09%) chip lines. (source)
FY2025 figures from Ingenic's cninfo annual report; Q1 2026 figures and segment split as reported by Securities Times. Segments are Q1 2026. Amounts in CNY; 亿 = 100 million.
Figures are as of 2026-04-28 and reflect the most recent public filings/IR releases; they are updated after each earnings report.
What does Ingenic do?
Ingenic is a Beijing-based fabless designer with three lines. The largest is memory, built on ISSI (Integrated Silicon Solution), which was taken private from NASDAQ in 2015 (SEC 8-K) and which Ingenic acquired in 2019 to 2020. ISSI specializes in specialty and automotive-grade DRAM, SRAM, and NOR and NAND flash, the long-lifecycle parts that an automaker or industrial customer qualifies once and uses for a decade, rather than commodity server DRAM. The second line is compute, where it makes AIoT and smart-video processors, and the third is analog and connectivity. In Q1 2026 memory was about 65% of revenue, with compute at 26% (Securities Times).
How is AI driving Ingenic’s business?
The AI memory shortage reaches Ingenic indirectly, through its specialty and automotive niches. As the big makers shift wafers to AI server memory, the specialty DRAM and flash that ISSI sells tighten and reprice, and automotive demand for higher-reliability memory keeps climbing. Both effects showed up in Q1 2026: the memory line grew 53.63% and the compute line 49.09%, lifting gross margin to a roughly ten-year high of 43.49% (Securities Times).
“Benefiting from the memory super-cycle, the company’s memory-chip and compute-chip product lines achieved strong year-over-year revenue growth.”
— Ingenic, Q1 2026 report (Securities Times)
What did Ingenic report most recently?
In Q1 2026 (the quarter ended March 31, 2026), Ingenic posted revenue of about ¥1.56 billion, up 47.12% year over year, net profit attributable to shareholders of about ¥319 million, up 331.61%, and a 43.49% gross margin, roughly a ten-year high (Securities Times). For full-year 2025, revenue was ¥4.74 billion (+12.54%) and net profit ¥376 million (+2.74%), with basic EPS of ¥0.7803 (Ingenic FY2025 annual report).
What are the risks for Ingenic?
- Cyclicality on a thinner base. Specialty memory is less volatile than commodity DRAM, but a memory down-cycle would still compress the price gains that drove a 332% profit jump.
- End-market exposure. A large share of demand is automotive and industrial, so a slowdown in auto production or capex would feed straight through to the memory line.
- Acquisition integration and IP. The memory franchise rests on ISSI’s products and roadmap, so execution and IP defense in that unit matter to the whole thesis.
- Competition. Specialty DRAM, SRAM, and NOR flash are contested by Winbond, Macronix, and others, which limits pricing power outside a shortage.
Related securities, concepts & terms
- China Memory & Storageparent
- Asia Memory Semiconductorrelated
- Longsys Electronics (301308)sibling
- DRAM (Dynamic Random-Access Memory)related
- NAND Flashrelated
Related indices & ETFs
Frequently asked questions about Ingenic
What does Ingenic do?
Ingenic Semiconductor (300223) is a Beijing-based fabless chip designer with three lines: memory, compute, and analog and connectivity. Its memory business, the largest, is built on ISSI (Integrated Silicon Solution), which was taken private from NASDAQ in 2015 (SEC 8-K, ISSI) and which Ingenic acquired in 2019 to 2020. ISSI makes specialty and automotive-grade DRAM, SRAM, and NOR and NAND flash, the long-lifecycle, high-reliability parts that commodity makers underserve. Its compute line makes AIoT and smart-video processors, and it has a smaller analog and connectivity line (Ingenic FY2025 annual report).
Why is Ingenic in the China memory & storage concept?
Because it owns the specialty and automotive-grade memory niche. Through ISSI it supplies the DRAM, SRAM, and flash that cars and industrial systems need to qualify once and use for years, a different market from commodity server DRAM. In Q1 2026 its memory line grew 53.63% to about ¥1.02 billion, roughly 65% of revenue, as the cycle lifted specialty prices (Securities Times).
What was Ingenic's latest quarterly revenue?
In Q1 2026 (the quarter ended March 31, 2026), Ingenic reported revenue of about ¥1.56 billion, up 47.12% year over year, with net profit attributable to shareholders of about ¥319 million, up 331.61%, at a 43.49% gross margin, roughly a ten-year high (Securities Times). For full-year 2025, revenue was ¥4.74 billion (+12.54%) and net profit ¥376 million (+2.74%) (Ingenic FY2025 annual report).
When does Ingenic next report earnings?
Chinese A-share issuers do not pre-announce earnings dates. Ingenic's next scheduled disclosure is its H1 2026 半年报 (semi-annual report), due on or before August 31, 2026 under China's semi-annual filing deadline. That date is estimated, not company-confirmed. Ingenic last filed its Q1 2026 一季报 on April 28, 2026 (Securities Times).
Sources & references
- Ingenic Semiconductor 2025 Annual Report Summary (北京君正 2025年年度报告摘要) · Ingenic Semiconductor / cninfo (巨潮资讯), 2026-03-28
- Ingenic Q1 2026 Net Profit Up 331.61% on the Memory Super-Cycle (北京君正：受益存储大周期推动 一季度净利润同比增长331.61%) · Securities Times (证券时报), 2026-04-28
- Integrated Silicon Solution, Inc. (ISSI) — Form 8-K (2015 take-private by the Uphill Investment consortium) · Integrated Silicon Solution, Inc. / SEC EDGAR, 2015-12-07
- Ingenic Semiconductor — Company & Investor Relations · Ingenic Semiconductor, 2026-04-28
- AI Architecture Evolution Set to Drive Memory Market Revenue to a New Peak in 2027 · TrendForce, 2026-01-22