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SHE:300209

9 stories mentioning SHE:300209Updated 6d ago

Every FINWIRES story that references SHE:300209, newest first.

Asia

Xingyun Technology's H1 Profit Surges 540%, Revenue Soars 497%

Xingyun Technology's (SHE:300209) net profit attributable to shareholders for the first half skyrocketed 540% to 12 million yuan from 1.9 million yuan a year earlier, according to a Friday disclosure on the Shenzhen bourse.Earnings per share surged 545% year on year to 0.0129 yuan from 0.002 yuan.Operating revenue soared 497% to 254.2 million yuan from 42.6 million yuan in the previous year.The tech company's shares rose 7% at the close.

SHE:300209
Asia

Xingyun Tech Signs 300 Million Yuan Computing Power Services Procurement Deal

Xingyun Technology (SHE:300209) signed a 299.6 million yuan contract to procure computing power services from an unnamed state-owned supplier, according to aUnder the eight-year contract term, the technology company will purchase 32 high-end computing servers.In an additional framework agreement, the supplier plans to agree to provide 128 high-end computing servers to the company, with a service term of 60 months.The company's shares jumped 4% at the close.

SHE:300209
Asia

Xingyun's Unit Signs Deal to Provide Computing Power Services for 5.51 Billion Yuan; Shares Down 3%

Xingyun Technology's (SHE:300209) unit, Hainan Xingyun Intelligent Computing Technology, agreed to provide computing power services to a customer for 5.51 billion yuan, according to a Shenzhen bourse filing on Thursday.Shares of the Chinese packaging production equipment manufacturer dropped 3% during Friday's afternoon trade.The customer will purchase computing power leasing services, which will be conducted in batches.The agreement has a term of five years.

SHE:300209
Asia

Xingyun Technology Commits 5.1 Million Yuan in Computing Power JV

Xingyun Technology (SHE:300209) subsidiary Shenzhen Xingyun partnered with related party Yunyong International and Shenzhen Huijian Investment to establish a computing power-focused joint venture with 10 million yuan in registered capital.Shenzhen Xingyun will commit 5.1 million yuan to the new entity, Shenzhen Xingyun Huijisan, for a 51% stake, according to a Thursday filing with the Shenzhen bourse.Shares of the packaging production equipment manufacturer closed 7% lower Thursday.

SHE:300209
Asia

Xingyun Technology's Subsidiary Signs 1.01 Billion Yuan Computing Power Service Deal

Xingyun Technology's (SHE:300209) subsidiary, Shenzhen Xingyun Holdings, entered into a 1.01 billion yuan computing power service agreement with a customer, according to a Shenzhen bourse filing on Wednesday.Shenzhen Xingyun will provide the services to the client within five years.The Chinese packaging production equipment manufacturer's shares jumped 9% at the close.

SHE:300209
Asia

Xingyun Technology Secures 30 Million Yuan Shareholder Loan to Bolster Operations

Xingyun Technology's (SHE:300209) actual controller, Wang Wei, agreed to provide a loan of 30 million yuan to the company to fund its daily operations and business development, according to a Shenzhen bourse filing on Wednesday.The loan will have an annualized interest rate of 2% and the term will not exceed 12 months.The Chinese packaging production equipment manufacturer's shares jumped 9% at the close.

SHE:300209
Asia

Chinese Shares Mixed Over Cross-Boarder Trading Crackdown

Chinese equities were mixed, almost flat, as sentiment over the crackdown on illegal cross-border securities trading waned.The Shanghai Composite Index slipped 0.2, or 7.2 points, to finish Tuesday's trade at 4,145.37. The Shenzhen Component Index marginally rose to 15,876.16.Beijing tightened its crackdown on illicit cross border investing, imposing fines on three securities brokers --- Tiger Brokers, Futu Securities and Changqiao Securities --- that operated without proper approvals.In corporate news, Xingyun Technology (SHE:300209) slumped 11.8% amid unit's plan to sell enterprise-grade SSD drives to Zhejiang Shenhu Technology for 321.8 million yuan.Tongding Interconnection Information (SHE:002491) dropped 7.8% after naming Bai Xiaoming vice chairman.OKE Precision Cutting Tools (SHA:688308) jumped 5.9% despite GEM (SHE:002340) announcing it will dispose of its 5.5% holdings in the CNC cutting tool maker.

Shanghai Composite^SZSESHA:688308SHE:002340SHE:002491SHE:300209
Asia

Xingyun Technology's Unit Signs 322 Million Yuan Deal to Sell SSD Drives; Shares Plunge 13%

Xingyun Technology's (SHE:300209) unit, Xingyun Storage (Shenzhen) Technology, agreed to sell enterprise-grade SSD drives to Zhejiang Shenhu Technology for 321.8 million yuan, according to a Shenzhen bourse filing on Tuesday.The product can be delivered in multiple batches within 45 days after the contract signing.The shares of the Chinese packaging production equipment manufacturer plunged nearly 13% during morning trade.

SHE:300209
Asia

Xingyun Technology to Form Liquid Cooling Firm

Xingyun Technology (SHE:300209) unit Shenzhen Xingyun Intelligent Cooling will invest 17.5 million yuan to establish a joint venture for liquid cooling equipment to capture growing demand for high-performance computing infrastructure.The new entity, Xingyun Intelligent Cooling, has a total registered capital of 50 million yuan, according to a Tuesday filing with the Shenzhen bourse.Shenzhen Xingyun Intelligent Cooling will hold a 35% minority equity stake, while a private investment partnership entity controlled by the company's actual controller, Wang Wei, will secure a parallel 33% interest.

SHE:300209

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