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SHA:605358

6 stories mentioning SHA:605358Updated just now

Every FINWIRES story that references SHA:605358, newest first.

Asia

Hangzhou Lion Electronics to Invest 3 Billion Yuan in Semiconductor Silicon Wafer Facility

Hangzhou Lion Electronics (SHA:605358) will invest about 3 billion yuan to construct a semiconductor silicon wafer facility for the Nanhu District government in Jiaxing City, China, according to a Thursday filing with the Shanghai bourse.Construction is slated to take place over five years, with subsidiary Jinruihong Angxin Microelectronics (Jiaxing) in charge of construction.The project will have a monthly capacity of 200,000 12-inch lightly doped substrate wafers and 12-inch silicon epitaxial wafers.

SHA:605358
Asia

Hangzhou Lion Electronics Turns to Profit in H1; Shares Slide 3%

Hangzhou Lion Electronics (SHA:605358) turned to an attributable profit of 47.3 million yuan in the first half from an attributable loss of 210.1 million yuan in the year-ago period, according to a Saturday filing with the Shanghai Stock Exchange.The semiconductor silicon wafer maker logged earnings per share of 0.12 yuan compared with a loss per share of 0.19 yuan in the prior-year period.Operating revenue grew 26% year over year to 2.09 billion yuan from 1.67 billion yuan.Shares fell 3% during afternoon trading on Monday.

SHA:605358
Asia

Hangzhou Lion Electronics Buys Out Minority Stake in Silicon Wafer-Making Unit; Shares Slide 3%

Hangzhou Lion Electronics (SHA:605358) will buy out the remaining 11.4705% stake in Zhejiang Jinruihong Technology from Guotou (Shanghai) Science and Technology Achievement Transformation Venture Capital Fund Enterprise for 318.1 million yuan.Zhejiang Jinruihong Technology is a subsidiary producing six- to eight-inch semiconductor silicon wafers, according to a Saturday filing with the Shanghai Stock Exchange.Before this transaction, Lion Electronics already holds 88.4852% of Jinruihong. Following the deal, the listed company will directly hold 99.9557% of the stake in the subsidiary. Another unit, Hangzhou Lion Semiconductor Technology, holds the remaining 0.0443%.Shares fell 3% during afternoon trading on Monday.

SHA:605358
Asia

Hangzhou Lion Electronics Expects Turn to H1 Profit

Hangzhou Lion Electronics (SHA:605358) forecasted first-half attributable net profit of about 85 million yuan, compared with loss of 127.0 million yuan the previous year.The turnaround is attributed to improved profitability in semiconductor silicon wafers, according to a Tuesday filing with the Shanghai bourse.Shares of the semiconductor wafer manufacturer were up 3% Tuesday.

SHA:605358
Asia

Hangzhou Lion Electronics Says Concerted Parties to Sell 1% Stake

Hangzhou Lion Electronics (SHA:605358) said concerted shareholder parties-Hongxiang Investment, Hongwan Investment and Shanghai Jinruida-plan to reduce holdings by up to 7.7 million shares, or 1% of total equity, to meet the capital needs of employee shareholders.The reduction will be conducted via block trading between Aug. 3 and Nov. 2, according to a Friday filing with the Shanghai bourse.The three entities, all controlled by or affiliated with actual controller Wang Minwen, collectively hold 7.32% of the company.Shares of the semiconductor wafer manufacturer rose 2% in recent trade.

SHA:605358
Asia

Hangzhou Lion Electronics Convertible Bonds to be Delisted

Hangzhou Lion Electronics' (SHA:605358) convertible bonds will be delisted from the Shanghai bourse effective June 18 following an early redemption, according to a Friday stock filing.The last trading day for the bonds is June 12 while redemption payment will be on June 18 at 100.8877 yuan per bond.

SHA:605358

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