At a Sept. 15 earnings briefing, Zhiguang Electric said it indirectly holds a 5.46% pre-IPO equity interest in Yuexin Semiconductor. The investment is carried at fair value; after Yuexin lists it will be valued using Yuexin’s market capitalization multiplied by Zhiguang’s indirect stake, and fluctuations in Yuexin’s market cap will affect Zhiguang’s reported fair value for this asset.

2026-09-16

At a Sept. 15 earnings briefing, Zhiguang Electric said it indirectly holds a 5.46% pre-IPO equity interest in Yuexin Semiconductor. The investment is carried at fair value; after Yuexin lists it will be valued using Yuexin’s market capitalization multiplied by Zhiguang’s indirect stake, and fluctuations in Yuexin’s market cap will affect Zhiguang’s reported fair value for this asset.