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SHE:300223

13 stories mentioning SHE:300223Updated 16d ago

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Asia

Ingenic Semiconductor's Attributable Profit Surges Sixfold in H1

Ingenic Semiconductor's (SHE:300223) attributable profit surged 489.6%, or nearly sixfold, to 1.20 billion yuan in the first half from 203.1 million yuan in the year-ago period, according to a Friday after-hours filing with the Hong Kong Exchange.Earnings per share at the Chinese fabless semiconductor company increased to 2.4742 yuan from 0.4214 yuan in the prior-year period.Revenue grew 76% year over year to 3.96 billion yuan from 2.25 billion yuan.

HKG:3223SHE:300223
Asia

Longsys Launches HK$6.3 Billion Hong Kong IPO; Lures Lenovo, Ingenic as Cornerstone Investors

Shenzhen Longsys Electronics (HKG:9976, SHE:301308) launched its Hong Kong initial public offering on Monday, seeking to raise up to HK$6.3 billion.The semiconductor company is offering 26.1 million H shares at a maximum price of HK$240.60 each, according to a bourse filing.The IPO comprises 2.6 million shares for Hong Kong investors and 23.5 million shares for international investors, subject to reallocation, adjustments, and over-allotment options.The final offer price is expected to be determined by Sept. 4, with allocation results due by Sept. 7, ahead of the company's planned trading debut on Sept. 8.Net proceeds will be used mainly to enhance R&D and innovation capabilities in chip design and advanced memory products.The company also plans to pursue strategic investments and acquisitions, with the remaining proceeds allocated to working capital and general corporate purposes.The offering has 15 cornerstone investors, including Lenovo (HKG:0992), Lens Technology (SHE:300433, HKG:6613), and Ingenic Semiconductor (SHE:300223, HKG:3223).Together, they subscribed for $151.1 million worth of IPO shares.CITIC Securities (Hong Kong) and Citigroup Global Markets Asia are acting as the joint sponsors. CLSA and Citigroup Global Markets Asia are the sponsor-overall coordinators.CLSA, Citigroup Global Markets Asia and China Securities (International) Corporate Finance are serving as overall coordinators, while CLSA, Citigroup Global Markets Asia, China Securities (International) Corporate Finance and ABCI Capital are the joint global coordinators.

HKG:0992HKG:3223HKG:6613HKG:9976SHE:300223SHE:300433SHE:301308
Asia

Hong Kong Stocks Ease as Investors Await Nvidia Results; Ingenic Semiconductor Flat on Debut

Hong Kong stocks edged lower Tuesday as investors remained cautious ahead of Nvidia's results.The Hang Seng Index fell 6.23 points, to close at 25,511.10, while the Hang Seng China Enterprises Index lost 25.99 points, or 0.3%, to finish at 8,445.37.Technology stocks remained under pressure ahead of Nvidia's quarterly results, with investors looking beyond headline figures to assess whether the chipmaker's strong AI-related growth can be sustained.Oil prices were broadly stable after retreating more than 2% in the previous session.Markets also awaited Federal Reserve Chair Kevin Warsh's Jackson Hole speech on Friday for further clues on the outlook for U.S. interest rates.In corporate news, Ingenic Semiconductor (HKG:3223, SHE:300223) debuted in Hong Kong, closing flat at its offer price of HK$100.

Hang SengHKG:3223SHE:300223
Asia

Ingenic Semiconductor Nets HK$3 Billion in Hong Kong IPO

Ingenic Semiconductor (HKG:3223, SHE:300223) is set to receive HK$3.05 billion in net proceeds from its initial public offering in Hong Kong after pricing the shares below the maximum target.The fabless chip company priced 31.3 million H-shares at HK$100 apiece, lower than its guidance of as high as HK$102.80 each, according to a Monday disclosure.The Hong Kong public offering was 927.37 times subscribed, with 3.13 million shares allocated, while the international offering was 8.43 times subscribed, with 28.2 million shares allocated.Cornerstone investors were allotted 15 million shares, representing 48.05% of the IPO shares.Ingenic is set to debut on the Hong Kong bourse on Tuesday, Aug. 25.

HKG:3223SHE:300223
Asia

Ingenic Semiconductor Prices Hong Kong IPO

Ingenic Semiconductor (HKG:3223, SHE:300223) set the offer price for its Hong Kong initial public offering at HK$100 per share on Friday, according to a Hong Kong bourse filing on the same day.The semiconductor company will announce the subscription levels and allocation results on Monday.Trading in the H shares is scheduled to begin on Tuesday, Aug. 25.

HKG:3223SHE:300223
Asia

Ingenic Semiconductor Launches Up to HK$3.2 Billion Hong Kong IPO

Ingenic Semiconductor (HKG:3223, SHE:300223) launched its Hong Kong initial public offering on Monday, seeking to raise up to HK$3.21 billion.The China-based integrated circuit company is offering 31.3 million H-shares at a maximum price of HK$102.80 each, according to a Hong Kong bourse filing.The offering comprises 3.1 million shares for Hong Kong investors and 28.2 million shares for international investors, subject to reallocation and the over-allotment option.The offer price is expected to be determined by Aug. 21, with allocation results due by Aug. 24, ahead of the company's planned trading debut on Aug. 25.Net proceeds will be used mainly to strengthen technological innovation and product development across the company's core business segments.The company also plans to pursue strategic investments and acquisitions, expand its sales network, and promote its products, with the remainder going toward working capital and general corporate purposes.The offering has attracted 11 cornerstone investors, including Emerald Prime, GF Fund, Perseverance Asset Management, Huaqin Singapore, ICBC Wealth, China Universal (HK), and CloudAlpha Capital, which have agreed to subscribe for shares totaling $191.7 million.Guotai Junan Capital is serving as the sole sponsor, while Guotai Junan Securities (Hong Kong), Huatai Financial, and Ping An Securities (Hong Kong) are acting as overall coordinators and joint global coordinators.Tiger Brokers (HK), Zheshang International Financial Holdings, and Futu Securities International (Hong Kong) are also serving as joint bookrunners and joint lead managers.

HKG:3223SHE:300223
Asia

Ingenic Discloses H1 Assets, Liabilities Ahead of Hong Kong Listing

Ingenic Semiconductor (SHE:300223) published the details of its assets and liabilities for the first half in relation to its application for its Hong Kong listing, according to a Monday disclosure on the Shenzhen bourse.The Chinese semiconductor company's shares rose 1% during Tuesday's midday trade.The company's unaudited assets as of June 30 were 9.73 billion yuan, higher than 8.69 billion yuan as of Jan. 1.Liabilities during the first half were 1.28 billion yuan, also higher than those as of Jan. 1, which amounted to almost 1 billion yuan.Meanwhile, short-term debt amounted to 8.4 million yuan, while long-term debt was at 7.4 million yuan during the same period.

SHE:300223
Asia

Ingenic Proposes Up to 200 Million Yuan Share Buyback

Ingenic Semiconductor (SHE:300223) proposed to repurchase shares worth between 100 million yuan and 200 million yuan, according to a Monday disclosure on the Shenzhen bourse.The Chinese semiconductor company's shares rose 1% during Tuesday's midday trade.The company plans to buy back between 454,546 and 909,090 shares, which represent less than 0.20% of the company's total shares, at up to 220 yuan per share.The share buyback will be completed within three months starting from the 30th day after the closing date of the company's Hong Kong initial public offering.

SHE:300223
Asia

Ingenic Semiconductor Changes Stock Name to Junzheng Shares

Ingenic Semiconductor (SHE:300223) will change its stock short name to Junzheng Shares to better align with its international strategy, strengthen its brand image, and improve market recognition.The stock code 300223 remains unchanged, according to a Tuesday filing with the Shenzhen bourse.The Shenzhen Stock Exchange has reviewed and cleared the change without objection.Shares of the semiconductor company rose 1% in recent trade.

SHE:300223
Asia

Ingenic Proceeds With Hong Kong Listing Application

Ingenic Semiconductor (SHE:300223) is proceeding with its application to list and offer shares on the Hong Kong Stock Exchange, according to a Monday disclosure on the Shenzhen bourse.The semiconductor company's shares rose 1% during Tuesday's morning trade.The company published the post-hearing information pack after the Hong Kong bourse held a listing hearing to consider the listing application on July 30.

SHE:300223
Asia

Ingenic Semiconductor Expects Up to 531% Surge in H1 Profit

Ingenic Semiconductor (SHE:300223) forecasts a 431% to 531% surge in its net attributable profit to between 1.08 billion yuan and 1.28 billion yuan in the first half from 203.1 million yuan in the year-ago period, according to a Monday after-hours filing with the Shenzhen bourse.The semiconductor company attributed the expected rise to strong demand for storage chips as well as price increases of computing chip products due to higher prices of raw materials.Shares rose 2% during the midday break on Tuesday.

SHE:300223
Asia

Ingenic Semiconductor Signs Supervision Agreement for Chip R&D Project

Ingenic Semiconductor (SHE:300223) signed a four-party supervision agreement for raised funds with its subsidiary Shenzhen Ingenic, Guotai Haitong Securities and Huaxia Bank.The agreement establishes a new special account for the embedded MPU series chip research and development and industrialization project, according to a Monday filing with the Shenzhen bourse.Shenzhen Ingenic will lead implementation of the new product line. The account, with an initial balance of 50 million yuan, is restricted to project use but allows cash management investments in low-risk products.

SHE:300223
Asia

Ingenic Semiconductor's Q1 Profit Surges 332%, Revenue Jumps 47%

Ingenic Semiconductor's (SHE:300223) net profit attributable to shareholders in the first quarter surged 332% to almost 319 million yuan from 73.9 million yuan a year earlier, according to a Shenzhen bourse filing on Wednesday.Earnings per share soared 331% year on year to 0.66 yuan from 0.15 yuan.Operating revenue jumped 47% to 1.56 billion yuan from 1.06 billion yuan in the previous year.The fabless semiconductor company's shares rose 1% at the close.

SHE:300223

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