SHE:300223

2 stories mentioning SHE:300223Updated just now

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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

Asia47d ago

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.

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