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SHA:600707

3 stories mentioning SHA:600707Updated 32d ago

Every FINWIRES story that references SHA:600707, newest first.

Asia

Caihong Display Devices' H1 Profit to Drop Up to 79%; Shares Down 3%

Caihong Display Devices (SHA:600707) expects its net profit attributable to shareholders in the first half to drop between 76% and 79% to a range of 96 million yuan to 110 million yuan, according to a Shanghai bourse filing on Thursday.The attributable profit a year earlier was 451.6 million yuan, or 0.126 yuan per share.The forecast was attributed to the declining prices of LCD panel products, an increase in management expenses and financial expenses due to foreign exchange losses, and the transfer of a 30% stake in its subsidiary, Xianyang Rainbow Optoelectronics Technology.The Chinese electronic display manufacturer's shares fell 3% during the midday trade.

SHA:600707
Asia

Caihong Display Devices' Controlling Shareholder Transfers Stake in Media Company

Caihong Display Devices' (SHA:600707) controlling shareholder, Xianyang Financial Holding Group, said its controlling stake in a media company was transferred without consideration, according to a Shanghai bourse filing on Saturday.The Chinese substrate glass and display panel manufacturer's shares jumped 10% at the close of Monday's trade.The Xianyang Municipal State-owned Assets Supervision and Administration Commission completed the transfer of Xianyang Financial's 90% equity in Shaanxi Ruyi Broadcasting Technology to Xianyang Ruyi Electronic Information.Ruyi Broadcasting will continue to own the 3.03% equity it holds in Caihong Display, which represents 108,884,454 shares. Ruyi Broadcasting's combined shareholding with Xianyang Financial is 34.04% of the company's total shares.

SHA:600707
Asia

Caihong Display Devices' Attributable Profit Slides 70% in 2025

Caihong Display Devices' (SHA:600707) attributable profit fell 70% to 374.2 million yuan in 2025 from 1.24 billion yuan in 2024, according to a Thursday filing with the Shanghai bourse.Earnings per share at the glass and display panel maker decreased 70% to 0.104 yuan from 0.346 yuan in the previous year.Operating income declined 3.2% year over year to 11.3 billion yuan from 11.7 billion yuan.

SHA:600707

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