SHA:688213

2 stories mentioning SHA:688213Updated 31d ago

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Smartsens Technology Expects Up to 34% H1 Profit Growth; Shares Up 3%

Smartsens Technology Shanghai (SHA:688213) forecasted first-half attributable net profit of between 510 million yuan and 530 million yuan, up 29% to 34% from 396.9 million yuan the previous year.Operating revenue is expected to range from 4.50 billion yuan to 4.70 billion yuan, up 19% to 24% from 3.79 billion yuan, according to a Thursday filing with the Shanghai bourse.The image sensor maker attributed the strong growth to its "3+AI" strategy across smart security, smartphones and automotive electronics, alongside higher research and development investment in artificial intelligence vision ecosystems.Shares of the company rose nearly 3% in recent trade.

SHA:688213

Asia101d ago

Smartsens Technology to Raise 3.2 Billion Yuan from Share Placement

Smartsens Technology (SHA:688213) plans to raise proceeds of up to 3.20 billion yuan from a private share placement, according to a Shanghai bourse filing on Thursday.The proceeds will be used to fund a CIS solution R&D and industrialization project for high-performance imaging applications and for intelligent driving, as well as for a CIS and edge AI ASIC solution research and development for Vision AI.The rest will be used to fund the company's supplementary working capital.

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