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SHE:001232

8 stories mentioning SHE:001232Updated 21d ago

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Asia

China Shares Rise Amid Nvidia's Blockbuster Earnings Rally; Shenzhen JLC Tech Up 10%

Chinese shares rose on Thursday, led by gains in tech stocks after chipmaker Nvidia's earnings beat expectations and its revenue doubled from a year ago.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 1.1% to 3,956.57. The Shenzhen Component Index went up 1.5% to 14,048.88.The SSE STAR 50 Index (SHA:000688), the benchmark for the 50 largest science and technology companies on the Shanghai bourse, went up 3.8%.The bullish sentiment stemmed from Nvidia's soaring revenue, with the company earning $96.2 billion in the second quarter, a 106% rise from a year ago.Revenue from sales to data centers, a big chunk of Nvidia's business, rose 117% to $89 billion in the second quarter, CNN reported.In company news. Shenzhen JLC Technology (SHE:001232) will invest 1.5 billion yuan in a new printed circuit board and printed circuit board assembly production base in China's Guangdong Province. Shares of the circuit board manufacturer closed 10% higher Thursday.

Shanghai Composite^SZSESHE:001232
Asia

JLC Technology Plans 1.5 Billion-Yuan Investment in Guangdong Production Base

Shenzhen JLC Technology (SHE:001232) will invest 1.5 billion yuan in a new printed circuit board and printed circuit board assembly production base in China's Guangdong Province.The 36-month project will acquire 95 mu of land and requires at least 800 million yuan in fixed assets, according to a Thursday filing with the Shenzhen bourse.In a separate news release, the circuit board manufacturer proposed an interim dividend of 0.5 yuan per share.Shares of the company rose 10% in recent trade.

SHE:001232
Asia

JLC Tech's H1 Profit Jumps 74%, Revenue Rises 54%

Shenzhen JLC Technology's (SHE:001232) net profit attributable to shareholders in the first half jumped 74% to 1.03 billion yuan from 593.7 million yuan a year earlier, according to a Thursday disclosure on the Shenzhen bourse.Earnings per share climbed 73% year on year to 2.06 yuan from 1.19 yuan.Operating revenue rose 54% to 7.17 billion yuan from 4.65 billion yuan in the previous year.The Chinese circuit board manufacturer proposed to distribute a cash dividend of 5 yuan per 10 shares to shareholders.

SHE:001232
Asia

Chinese Shares Rise on Return of Local Tech Optimism; JLC Technology Surges 123%

Chinese shares climbed Tuesday, driven by renewed enthusiasm for domestic tech stocks that shielded them from the sharp sell-offs hitting South Korean markets.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 0.3% higher to 3,822.28. The Shenzhen Component Index surged 3.3% to 13,885.71.The SSE STAR 50 Index (SHA:000688), the benchmark for the 50 largest science and technology companies on the Shanghai bourse, jumped 4.1% at market close.CITIC Securities said the recent pullback in Chinese shares was a market correction following heavy investor positioning in artificial intelligence-related stocks, rather than a deleveraging-driven selloff like the one experienced in South Korea, The South China Morning Post reported.The brokerage added that liquidity strains persist in parts of the market, but selling pressure on many non-core AI stocks has largely eased.Meanwhile, China's insurance industry pulled in 3.86 trillion yuan in premiums in the first half, up 3.3% from the previous year. Life insurers grew 3.6%, while property insurers rose 2.1%. Non-auto insurance now accounts for 54% of property premiums.In company news, Shenzhen JLC Technology (SHE:001232) closed at 208.01 yuan on its first day of trading on the Shenzhen bourse. This marked a 123% surge from the circuit board manufacturer's initial public offering price of 84.46 yuan apiece.

Shanghai Composite^SZSESHE:001232
Asia

JLC Technology Jumps 177% in Shenzhen Debut

Shenzhen JLC Technology (SHE:001232) opened at 234.35 yuan on its first day of trading on the Shenzhen bourse.This marked a jump of 177% from the initial public offering of 84.46 yuan apiece.Shares of the circuit board manufacturer were up 112% in recent trade.

SHE:001232
Asia

JLC Technology Targets 4.7 Billion Yuan in Shenzhen IPO

Shenzhen JLC Technology (SHE:001232) has priced its initial public offering on the main board of the Shenzhen Stock Exchange, seeking to raise up to 4.69 billion yuan.The circuit board manufacturer priced its offering of 55.6 million shares at 84.46 yuan apiece, according to a bourse filing on Tuesday.Investors participating in the strategic placement allocated 9.95 million shares, accounting for 17.9% of the total offering.

SHE:001232
Asia

Shenzhen JLC Technology to Hold Shenzhen IPO Online Roadshow Thursday

Circuit board manufacturer Shenzhen JLC Technology (SHE:001232) will host an online investor roadshow on Thursday ahead of its initial public offering on the Shenzhen Stock Exchange's main board.The IPO will consist of 55.6 million shares, accounting for 10% of the company's share capital post-IPO, according to a bourse filing on Wednesday.Of the total, 11.1 million shares, or 20% of the offering, will be allocated to asset management plans for senior management, core employees, and strategic investors.The offline offering portion will consist of 31.1 million shares, while the online retail offering will cover 13.3 million shares.The final issue price will be determined through a preliminary offline inquiry process.

SHE:001232
Asia

JLC Technology Gets Approvals for Shenzhen IPO

Circuit board manufacturer Shenzhen JLC Technology (SHE:001232) obtained the approvals of the Shenzhen Stock Exchange and China Securities Regulatory Commission for an initial public offering of up to 55.6 million shares.Price inquiry will be on July 21, and will be determined on July 23, according to a notice on the Shenzhen bourse.Subscription will be on July 24, followed by payment on July 28.

SHE:001232

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