4 stories mentioning SHA:688220Updated 10m ago
Every FINWIRES story that references SHA:688220, newest first.
ASR Microelectronics (SHA:688220) said Alibaba Network reduced its stake in the chip manufacturer to 10.58% from 11.17%.Alibaba Network sold nearly 2.5 million shares via centralized bidding and block trades from Sept. 8 to Sept. 10, according to a Friday filing with the Shanghai bourse.Shares of ASR Microelectronics were down 4% in recent trade.
ASR Microelectronics (SHA:688220) turned to an attributable profit of 84.2 million yuan in the first half from an attributable loss of 245.4 million yuan in the year-ago period, according to a Saturday filing with the Shanghai Stock Exchange.The chip manufacturer logged earnings per share of 0.21 yuan compared with a loss per share of 0.60 yuan in the prior-year period.Operating revenue grew 29% year over year to 2.45 billion yuan from 1.90 billion yuan.
ASR Microelectronics (SHA:688220) plans to launch an initial public offering on the Hong Kong stock exchange, according to a Shanghai bourse filing over the weekend.The semiconductor company's shares rose 3% in Shanghai trade Monday morning.
ASR Microelectronics (SHA:688220) expects to return to profit in the first half, with net profit attributable to owners of 85 million yuan, according to a Shanghai bourse filing on Thursday.The attributable profit a year earlier was 245.4 million yuan.Operating revenue is expected to climb 29% to 2.45 billion yuan from 1.90 billion yuan a year earlier.The semiconductor company attributed the forecast to the growth in the production and sales of cellular baseband chips and custom chips for artificial intelligence.The company's shares slumped 8% during the afternoon trade.
