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SHA:688498

7 stories mentioning SHA:688498Updated 24d ago

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Asia

Yuanjie Semiconductor Technology's Profit Soars Thirteenfold in H1

Yuanjie Semiconductor Technology's (SHA:688498) attributable profit surged 1,212%, or more than 13 times, to 607.1 million yuan in the first half from 46.3 million yuan in the year-ago period, according to a weekend filing with the Shanghai Stock Exchange.Earnings per share at the laser chip maker for optical communications jumped to 4.85 yuan from 0.37 yuan in the prior-year period.Operating revenue surged 351%, or 4.5 times, year over year to 925.2 million yuan from about 205 million yuan.Yuanjie's shares fell 2% during morning trading on Monday.

SHA:688498
Asia

China Shares Rise as Tech Gains Offset Oil Fears; Yuanjie Semiconductor Technology Jumps 6%

Chinese shares rose Wednesday, with gains in the technology sector offsetting investor caution over high oil prices.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 0.3% higher to 3,946.68. The Shenzhen Component Index rose 1.1% to 14,414.43.Tech stocks led the advance, with the SSE STAR 50 Index (SHA:000688), the benchmark for the 50 largest science and technology companies on the Shanghai bourse, rising 1.6%.UBS analysts said recent weakness in tech stocks appears priced in, with sentiment starting to stabilize, Reuters reported.Sentiment was weighed by high oil prices after attacks on commercial vessels in the Middle East dented hopes for a swift reopening of the Strait of Hormuz. Brent crude rose more than 2% Wednesday night to nearly $90 a barrel, Al Jazeera reported.In company news, Yuanjie Semiconductor Technology (SHA:688498) is raising its 2026 credit facility to 6 billion yuan from 2 billion yuan. Shares of the optical chip maker jumped 6% Wednesday.

Shanghai Composite^SZSESHA:000688SHA:688498
Asia

Yuanjie Semiconductor Technology Raises Credit Facility to 6 Billion Yuan; Shares Up 7%

Yuanjie Semiconductor Technology (SHA:688498) is raising its 2026 credit facility to 6 billion yuan from 2 billion yuan.The increased credit line will support fixed-asset investments and working capital needs, according to a Wednesday filing with the Shanghai bourse.The facility will be valid for 12 months after shareholder approval.Shares of the optical chip maker jumped 7% in recent trade.

SHA:688498
Asia

Yuanjie Semiconductor to Build Industrial Park for 4.27 Billion Yuan; Shares Up 6%

Yuanjie Semiconductor Technology (SHA:688498) proposed to invest 4.27 billion yuan to construct an industrial park where laser chips will be produced, according to a Shanghai bourse filing on Wednesday.The industrial park will be located in Fengxi New City, Xixian New Area, Shaanxi Province, China.The construction is expected to run for 24 months.The optical chip maker's shares jumped 6% during the morning trade.

SHA:688498
Asia

Yuanjie Semiconductor Technology Forecasts Up to 364% Surge in H1 Profit

Yuanjie Semiconductor Technology (SHA:688498) forecasts a 339% to 364% surge in its net attributable profit to between 900 million yuan and 950 million yuan from 46.3 million yuan in the year-ago period, according to a Wednesday filing with the Shanghai bourse.The optical chip maker attributes the growth to a significant increase in revenue, mainly from its data center business, and reduced expenses.Shares rose nearly 1% during morning trading on Wednesday.

SHA:688498
Research

Nomura Starts Yuanjie Semiconductor Technology at Neutral With 1,655 Yuan Price Target

Yuanjie Semiconductor Technology (SHA:688498) has an average rating of overweight and mean price target of 1,291.40 yuan, according to analysts polled by FactSet.

SHA:688498
Asia

Yuanjie Semiconductor Technology Q1 Profit Soars 1,153%; Shares Up 4%

Yuanjie Semiconductor Technology (SHA:688498) posted first-quarter attributable net profit of 179.4 million yuan, up 1,153% from 14.3 million yuan the previous year.Earnings per share rose to 2.08 yuan from 0.17 yuan, according to a Tuesday filing with the Shanghai bourse.Revenue jumped 321% year over year to 355.3 million yuan from 84.4 million yuan.Shares of the chip manufacturer were up 4% in recent trade.

SHA:688498

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