Shenzhen MTC (002429.SZ): intends to consolidate the overall operation rights of the display-related business to Shenzhen Jingxian.
Jiangxi MTC (002429.SZ) announced that the company's core display business is mainly distributed in its subsidiaries, Shenzhen MTC Crystal Display Technology Co., Ltd. (referred to as 'Shenzhen Crystal Display') and Jiangxi MTC Crystal Display Co., Ltd. (referred to as 'Jiangxi Crystal Display'). There are differences in their functions. In order to achieve the integrated management of the company's display business in terms of research, production, and sales, further strengthening the management efficiency of each business sector, improving operational efficiency, and meeting the company's long-term strategic development goals, the company plans to vertically integrate its existing display business, and intends to consolidate the overall operational rights of the display-related business in Shenzhen.
The Total Return for Shenzhen MTC (SZSE:002429) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
Haitong Int'l: It is expected that the resonance of cost reduction in the industry chain and end demand will continue to improve the penetration rate of Mini LED.
Amid the overall decline in global and domestic television shipments, the Mini LED television has continued to penetrate the market since 2020, with shipments increasing from 1.5 million units in 2020 to 4 million units in 2023, maintaining a market penetration rate of over 2%.
Shenzhen MTC Co., Ltd.'s (SZSE:002429) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Shenzhen MTC H1 Profit Up 24%, Operating Income Rises 23%; Shares Down 7%
Shenzhen Mtc: Half-year report for the year 2024.
Shenzhen Mtc: Summary of Half-Year Report in 2024.
Express News | Shenzhen Mtc H1 Net Profit up 24.0% Y/Y
Shenzhen MTC (002429.SZ): The net income attributable to the parent company in the first half of the year was 0.911 billion yuan, a year-on-year increase of 24.04%.
Shenzhen MTC (002429.SZ) released its 2024 interim report on August 5th, reporting revenue of 9.52 billion yuan, up 23.07% year-on-year, and a net income attributable to shareholders of listed companies of 0.911 billion yuan, up 24.04% year-on-year; net income attributable to shareholders of listed companies after deducting non-recurring gains and losses was 0.859 billion yuan, up 36.91% year-on-year. During the reporting period, the company achieved double growth in revenue and net income. While the traditional business showed stable growth in smart display terminals, the net income contribution of the LED industry chain accounted for more than 50%.
Shenzhen MTC Co., Ltd.'s (SZSE:002429) Price Is Right But Growth Is Lacking
Shenzhen MTC (002429.SZ): The shipment of MTC semiconductors MiniRGB chips has reached the highest in the industry.
On July 10th, Geelong reported that the investor relations activity record of Shenzhen MTC (002429.SZ) showed that the company's chip business currently has a total production capacity of about 1.1 million pieces, including 1.05 million pieces of gallium nitride chips (4-inch pieces) and 0.05 million pieces of gallium arsenide chips (4-inch pieces). From a product perspective, since 2021, the company has continuously optimized its product structure to enhance the overall value of its chips. Since 2021, Shenzhen MTC has decided to shift its entire product line from ordinary lighting chips to higher value-added product areas. As of now, Shenzhen MTC's MiniRGB chip shipments have
Shenzhen MTC (002429.SZ): It is expected that the company's COB monthly production capacity will exceed 20,000 square meters in September.
On July 10th, Gelonhui reported that according to the investor relations activity record of Shenzhen MTC (002429.SZ), the company's current COB monthly production capacity has reached 16,000 square meters, and new production lines have been successively put into operation. It is expected that the company's COB monthly production capacity will break through 20,000 square meters in September.
Shenzhen MTC (002429.SZ): shipped 5.4 million televisions in the first half of the year, a year-on-year increase of 4%.
According to the investor relations activity record table disclosed by Shenzhen MTC (002429.SZ) on July 10th, the company's television shipments in the first half of this year were approximately 5.4 million units, an increase of about 4% year-on-year. Among them, the overall shipments in the second quarter were approximately 3.2 million units, an increase compared to the previous quarter.
Shenzhen Mtc: 2024 Interim Performance Forecast
Express News | Shenzhen Mtc Says It Sees H1 Net Profit up 21.2-26.7% Y/Y
Guotou Securities: The Mini led industry is entering a positive cycle of cost reduction and penetration rate improvement.
As the Mini LED industry chain continues to mature, the Mini LED industry is entering a positive cycle of cost reduction and penetration rate improvement, ushering in broad room for growth.
Shenzhen MTC (SZSE:002429) Has A Rock Solid Balance Sheet
Why You Might Be Interested In Shenzhen MTC Co., Ltd. (SZSE:002429) For Its Upcoming Dividend
As of May 10, 2024, the total number of shareholders for Shenzhen MTC (002429.SZ) was 64,126.
On June 14th, Gelunhui reported that as of May 10, 2024, the total number of shareholders of Shenzhen MTC (002429.SZ) was 64,126.
Shenzhen MTC (002429.SZ) intends to increase its investment in MTC Hong Kong by USD 24 million and invest in the establishment of MTC Vietnam and the construction of a production base.
On June 14, Gelunhui reported that in order to implement the company's medium- and long-term global development strategy, better meet the needs of overseas markets, and enhance global market competitiveness, Shenzhen MTC (002429.SZ) plans to increase the capital of its wholly-owned subsidiary, Hong Kong Zhaochi Co., Ltd. (hereinafter referred to as 'Hong Kong Zhaochi'), by USD 24 million (about RMB 170.386 million at the exchange rate on May 6, 2024) with its own funds. At the same time, Hong Kong Zhaochi plans to invest USD 24 million to establish MTC Technology (Vietnam) Co., Ltd. (tentative name, subject to registration and approval by relevant local authorities).
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