Seven Shareholders Reduce Stakes in Anlogic
Anlogic, known as the "first FPGA stock," announced on February 8 that the company recently received notifications of share reduction plans from shareholders National Big Fund, Anxin Partnership, Anlu Xin Partnership, Xintian Partnership, Shenzhen Siqi, Silan Micro, and Silan Venture Capital. National Big Fund plans to reduce its holdings by no more than 8.017 million shares, accounting for no more than 2% of the company's total share capital. Anxin Partnership plans to reduce no more than 3.6527 million shares, accounting for no more than 0.91% of the company's total share capital; Anlu Xin Partnership plans to reduce no more than 148,100 shares, accounting for no more than 0.0369% of the company's total share capital; Xintian Partnership plans to reduce no more than 207,700 shares, accounting for no more than 0.05% of the company's total share capital. Shenzhen Siqi plans to reduce no more than 2.0042 million shares, accounting for no more than 0.50% of the company's total share capital. Silan Micro plans to reduce no more than 1.0021 million shares, accounting for no more than 0.25% of the company's total share capital; Silan Venture Capital plans to reduce no more than 1.0021 million shares, accounting for no more than 0.25% of the company's total share capital.
The announcement stated that as of the end of the third quarter of 2025, Anxin Partnership, Shenzhen Siqi, National Big Fund, Silan Venture Capital, Silan Micro, and Xintian Partnership ranked as the second, third, fourth, sixth, seventh, and tenth largest shareholders of Anlogic, holding 18.95%, 6.46%, 5.76%, 2.4%, 2.09%, and 1.08% of the company's shares, respectively. National Big Fund previously reduced its holdings by 4.0085 million shares and 143,900 shares during the periods of May 8, 2025 to June 30, 2025 and October 15, 2025 to October 16, 2025, respectively.
The announcement stated that the reduction plans of Anxin Partnership, Anlu Xin Partnership, and Xintian Partnership are due to their own funding needs. Anxin Partnership will, based on market conditions, reduce its holdings of the company's shares by no more than 3,652,717 shares through centralized bidding or block trades, with the number of shares to be reduced accounting for no more than 0.91% of the company's total share capital; Anlu Xin Partnership will, based on market conditions, reduce its holdings of the company's shares by no more than 148,087 shares through centralized bidding or block trades, with the number of shares to be reduced accounting for no more than 0.0369% of the company's total share capital; Xintian Partnership will, based on market conditions, reduce its holdings of the company's shares by no more than 207,689 shares through centralized bidding or block trades, with the number of shares to be reduced accounting for no more than 0.05% of the company's total share capital. The reduction period is within 3 months after 15 trading days from the date of disclosure of this announcement. Among them, within any consecutive 90 calendar days, the total number of shares reduced through centralized bidding shall not exceed 1.00% of the company's total shares; within any consecutive 90 calendar days, the total number of shares reduced through block trades shall not exceed 2.00% of the company's total shares.
On January 30, Anlogic released its 2025 financial report, which showed:
(1) Estimated annual operating revenue for 2025 is approximately RMB 510.00 million to RMB 550.00 million, a decrease of RMB 101.8169 million to RMB 141.8169 million compared with the same period last year (statutorily disclosed data), down 15.62% to 21.76% year on year;
(2) The estimated net profit attributable to owners of the parent company for 2025 is expected to be negative compared with the same period last year (statutorily disclosed data), with net profit attributable to owners of the parent company estimated at approximately RMB -280.00 million to RMB -230.00 million;
(3) The estimated net profit attributable to owners of the parent company after deducting non-recurring gains and losses for 2025 is approximately RMB -312.0856 million to RMB -262.0856 million.
Anlogic achieved operating revenue of approximately RMB 652 million in 2024 (specifically RMB 651,816,946.01), a year-on-year decrease of 6.99%. Affected by factors such as the cyclical adjustment of the semiconductor industry, the company's net profit was in a loss position, with net profit attributable to the parent company of -RMB 205 million.
Anlogic stated that the main reasons for the performance change in this period are as follows: in 2025, although the destocking cycle in many downstream application fields is nearing its end, full-year operating revenue decreased compared with the same period last year due to phased fluctuations in demand from some end-industry customers. At the same time, driven by positive factors such as the gradual recovery of demand from some downstream industry customers, a significant increase in the number of key customers in emerging fields and new product introduction projects, and the gradual ramp-up of new products, the company's quarterly operating revenue has shown a recovery trend of sequential quarter-on-quarter growth since the second quarter of 2025. Moreover, as the FPGA industry gradually emerges from the trough, market demand is also quietly changing. The company achieved continuous steady quarter-on-quarter growth in the first three quarters of 2025 and successfully entered strategic emerging fields such as intelligent computing center servers, automotive electronics, and power and new energy.
From the current supply and demand situation in the component market, although the overall component market will achieve growth in 2026, individual component markets will show polarization: some devices may increase in price, while others may remain weak. What do you all think about this? Welcome to leave comments in the comment section for discussion.
