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The semiconductor Sector is performing strongly, HUA HONG SEMI (01347) is up 6.46%. A new high-purity quartz mine has been discovered within the country.
Jinwu Financial News | The Semiconductor Sector shows strong performance, HUA HONG SEMI (01347) up 6.46%, SHANGHAI FUDAN (01385) up 3.32%, CE HUADA TECH (00085) up 2.96%, Semiconductor Manufacturing International Corporation (00981) up 3.06%, SOLOMON SYSTECH (02878) up 2.56%, INGDAN (00400) up 2.54%. According to Securities Times, the Ministry of Natural Resources announced a new discovery of high-purity quartz mines in China, designated as mineral type No. 174, primarily used in high-tech fields such as semiconductors and photovoltaics. The establishment of this mine will promote Global Strategy.
Some Confidence Is Lacking In Ingdan, Inc. (HKG:400) As Shares Slide 25%
Ingdan's 2024 Profit Slides 10%; Shares Fall 5%
Express News | Ingdan, Inc. Announces 2024 Annual Results
INGDAN (00400.HK) achieved a revenue of 10.129 billion yuan for the fiscal year 2024, with a year-on-year growth of approximately 14.3%.
On March 31, Gelonghui reported that INGDAN (00400.HK) announced its annual performance, benefiting from the sustained strong demand for AI computing power, alongside the rising demand for chips from industries related to AI technology. For the fiscal year 2024, the group's revenue is approximately RMB 10.129 billion, a year-on-year increase of about 14.3%. The group's gross margin is approximately RMB 0.889 billion, a year-on-year decrease of about 13.6%; operating profit is approximately RMB 0.428 billion, a year-on-year decrease of about 14.5%; and the net profit after tax is approximately RMB 0.274 billion, a year-on-year decrease of about 8.0%. The increase in sales from major clients has affected the overall gross margin.
Ingdan, Inc. Sees Revenue Growth Amidst AI Demand, Faces Profit Margin Challenges
