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SHA:688403

7 stories mentioning SHA:688403Updated 41d ago

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Asia

Union Semiconductor's H1 Profit Drops 99%, Revenue Rises 11%

Union Semiconductor (Hefei) (SHA:688403) said its net profit attributable to shareholders in the first half dropped 99% to approximately 5 million yuan from 96 million yuan a year earlier, according to a Thursday disclosure on the Shanghai bourse.Earnings per share fell year on year to 0.01 yuan from 0.12 yuan.Operating revenue rose 11% to 958.6 million yuan from 866.2 million yuan in the previous year.The fabless integrated circuit design company's shares rose 2% during the midday trade.

SHA:688403
Asia

Union Semiconductor Logs 28 Million Yuan in Asset, Credit Impairment for H1

Union Semiconductor (Hefei) (SHA:688403) posted 27.5 million yuan in total provisions for asset impairment and credit impairment in the first half, according to a Thursday disclosure on the Shanghai bourse.Credit impairment losses amounted to 4.2 million yuan, while asset impairment losses were worth 27.5 million yuan.The fabless integrated circuit design company's shares rose 2% during the midday trade.

SHA:688403
Asia

Union Semiconductor (Hefei) to Inject Capital Into Second-Level Subsidiary

Union Semiconductor (Hefei) (SHA:688403) subsidiary Hefei Jingruiwang Electronics will invest 680 million yuan in second-level subsidiary Zhenglong Xinchuang Microelectronics, according to a Tuesday filing with the Shanghai bourse.The funds will help contribute to the construction of the HITS advanced packaging R&D and industrialization project, with a total investment of 7.5 billion yuan.

SHA:688403
Asia

Union Semiconductor Closes Special Accounts for Projects After Completion

Union Semiconductor (Hefei) (SHA:688403) agreed to close special accounts after the completion of certain investment projects, according to a Shanghai bourse filing on Tuesday.Completed projects include a chip wafer gold plant expansion and a chip water testing and flip-chip packaging plant.All project funds had been spent.

SHA:688403
Asia

Union Semiconductor to Invest 400 Million Yuan in HITS Tech Joint Venture

Union Semiconductor (Hefei) (SHA:688403) plans to invest 400 million yuan into a joint venture that will produce advanced high-speed interconnect technology solutions, or HITS, technology, according to a Shanghai bourse filing on Thursday.Union partnered with Bairuifa Holdings and Hong Kong Huiwei Integrated Holdings to set up the 700 million yuan new venture company, Hefei Jingruiwang Technology.Bairuifa is a company controlled by Union's actual controller and chairman, Zheng Ruijun.Union will own 57.1% of the planned venture, while Bairuifa and Hong Kong Huiwei will hold 28.6% and 14.3%, respectively.Moreover, the venture will also acquire Shanghai Zhenglong Xinchuang Microelectronics, an integrated circuit packaging company owned by Hong Kong Huiwei.The semiconductor company's shares jumped 4% at the close.

SHA:688403
Asia

Union Semiconductor Submits Hong Kong Share Listing Application; Shanghai Shares Slide 4%

Union Semiconductor (Hefei) (SHA:688403) submitted its application for a secondary listing on the Hong Kong Exchange, according to a Monday bourse filing by the integrated circuit packaging company in Shanghai.The company looks to use the proceeds to expand its automotive-grade IC packaging and testing capacity, research and development, investments and acquisitions, and working capital, according to documents submitted Friday to the Hong Kong bourse.Shares fell 4% during Monday morning trading in Shanghai.

SHA:688403
Asia

Union Semiconductor Plans Hong Kong Listing; Shares Up 5%

Union Semiconductor Hefei (SHA:688403) plans to apply for the offering and listing of shares on the Hong Kong Stock Exchange, according to a Shanghai bourse filing on Thursday.The Chinese integrated circuits package test services provider's shares jumped 5% during the afternoon trade.

SHA:688403

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