GalaxyCore plans up to 4.2 billion yuan private placement for CIS chip expansion
GalaxyCore (688728) announced on September 18 a plan to raise up to 4.2 billion yuan via a private placement of A-shares to up to 35 investors. Funds will finance a 12-inch CIS integrated circuit expansion project adding 10,000 wafers monthly capacity, a high-performance image sensor R&D project, and working capital. The plan requires shareholder, exchange, and CSRC approval.
Editorial responsibility
- No named human review is recorded for this page.
- Reports are grouped by semantic similarity and deterministic rules. Language models may assist titles, summaries, translation and cross-source analysis; the page reads the event directly, while its address stays stable when the title changes.
- Summary awaiting refresh
Summary awaiting refresh
Cross-source coverage
Reporting timeline
GalaxyCore Plans to Raise Up to RMB 4.2 Billion via Private Placement
On September 18, GalaxyCore announced a plan to issue A-shares to up to 35 specific investors, aiming to raise total proceeds of up to RMB 4.2 billion, with the number of shares issued not exceeding 390 million. The raised funds are intended to be allocated as follows: RMB 3 billion to a capacity expansion project for 12-inch CIS integrated circuit specialty processes; RMB 500 million to an R&D and industrialization project for high-performance, high-pixel image sensors; and RMB 700 million to supplement working capital. The plan is still subject to approval by the shareholders' meeting, review by the Shanghai Stock Exchange, and registration with the China Securities Regulatory Commission (CSRC).
Read sourceGalaxyCore Plans Up to 4.2 Billion Yuan Private Placement for CIS Expansion
GalaxyCore (688728.SH), a Chinese semiconductor company, announced on September 18 its plan to issue A-shares to specific investors, aiming to raise total proceeds of no more than 4.2 billion yuan. After deducting issuance expenses, the funds will be allocated to three main areas: the 12-inch CIS (CMOS Image Sensor) integrated circuit specialty process expansion project, the research and development and industrialization project for high-performance, high-pixel image sensors, and to supplement working capital. The announcement was reported by Cailian Press. This capital raise is intended to support the company's expansion in the image sensor market, particularly for advanced manufacturing processes and higher-resolution products.
Read sourceGalaxyCore Plans Share Issuance to Raise Up to 4.2 Billion Yuan
GalaxyCore (688728.SS), a Chinese semiconductor company, announced plans to issue shares to specific investors in a private placement to raise funds. The total amount of the fundraising is not expected to exceed 4.2 billion yuan. The announcement was reported by RTRS via TradeAlpha. The specific use of the funds or the timeline for the issuance was not detailed in the report. This capital-raising move is aimed at supporting the company's operations or expansion plans.
Read sourceShow 4 older updatesHide older updates
GalaxyCore Plans Up to 4.2 Billion Yuan Private Placement for Chip Expansion and R&D
GalaxyCore, a Chinese semiconductor company, announced on September 18 its plan to issue A-shares to no more than 35 specific investors, aiming to raise up to 4.2 billion yuan. The proceeds are allocated for a 3 billion yuan expansion project for 12-inch CIS (CMOS Image Sensor) integrated circuit specialty processes, a 500 million yuan R&D and industrialization project for high-performance, high-pixel image sensors, and 700 million yuan for replenishing working capital. The share issuance is capped at 390 million shares. The plan is still subject to approval by the shareholders' meeting, review by the Shanghai Stock Exchange, and registration with the China Securities Regulatory Commission (CSRC).
GalaxyCore Plans 4.2 Billion Yuan Private Placement for 12-Inch CIS Expansion
GalaxyCore, a Chinese image sensor company, announced on September 18 a private placement plan to raise up to 4.2 billion yuan. The funds will primarily finance a 12-inch CIS integrated circuit specialty process expansion project, which aims to add 10,000 wafers of monthly production capacity for CIS image sensors, and replenish working capital. The issuance price will be at least 80% of the 20-day average trading price before the pricing date, pending shareholder, exchange, and regulatory approvals. Concurrently, GalaxyCore unveiled a 2026 Restricted Stock Incentive Plan for 73 employees, mainly those working on 50-megapixel and higher products, at a grant price of 9.14 yuan per share. The company reported that first-half revenue from products with 13 million pixels or more exceeded 1.5 billion yuan, over 35% of total revenue, and cumulative shipments of 50-megapixel sensors surpassed 100 million units. In July, it received a 57 million yuan initial order from a major international smartphone brand for 50-megapixel sensors. GalaxyCore forecasts that high-end smartphone rear cameras will shift from 50-megapixel to 200-megapixel products, and it plans to maintain high R&D spending to support this transition.
Read sourceGalaxyCore Plans to Raise Up to 4.2 Billion Yuan via Private Placement for CIS Expansion
GalaxyCore (688728) announced on September 18 that it plans to raise up to RMB 4.2 billion through a private placement. The funds will be used to finance the 12-inch CIS integrated circuit specialty process expansion project, the R&D and industrialization project for high-performance, high-pixel image sensors, and to replenish working capital. The announcement was reported by People's Finance News and sourced from stockstar_securities_news. The company's plan is subject to regulatory approvals and market conditions.
Read sourceGalaxyCore Plans 4.2 Billion Yuan Raise to Expand 12-Inch CIS Production Capacity
GalaxyCore, a leading domestic CMOS image sensor (CIS) company that shipped over 1.1 billion mobile phone CIS units in 2025, announced plans to raise up to RMB 4.2 billion through a private placement to no more than 35 specific investors. The funds will primarily support a 12-inch CIS integrated circuit specialty process expansion project with a total investment of approximately RMB 6.132 billion, allocating RMB 3 billion from the proceeds. Additional funds of RMB 500 million are earmarked for high-performance image sensor R&D and industrialization, and RMB 700 million for working capital. The company is accelerating its transition from a fabless to a fab-lite model. The plan requires approval from shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission. GalaxyCore's 2026 semi-annual report shows revenue of RMB 4.153 billion (up 14.20% year-on-year) but net profit fell 75.42% to RMB 7.3166 million, attributed to foreign exchange losses. Operating cash flow improved 64.99% to RMB 1.342 billion.
Read source