Hong Kong stocks moved | Chip stocks rebounded in the morning, and New Kylai made an appearance, once again boosting Technology enthusiasm. Goldman Sachs states that the outlook for China's Semiconductors is optimistic.

Chip stocks warmed up in the early session. As of the time of this report, Semiconductor Manufacturing International Corporation (00981) rose by 6% to 51.2 Hong Kong dollars; SOLOMON SYSTECH (02878) increased by 4.17% to 0.5 Hong Kong dollars; HUA HONG SEMI (01347) rose by 3.22% to 33.7 Hong Kong dollars; SHANGHAI FUDAN (01385) grew by 1.62% to 28.3 Hong Kong dollars.

Zhitong FinanceMar 26 22:29 ET

White House Narrows April 2 Tariffs

WSJMar 23 19:55 ET

Hong Kong stocks movement | SOLOMON SYSTECH (02878) fell over 5% after earnings report. The annual net profit attributable to owners decreased by nearly 50% year-on-year, with total shipments for the year declining.

SOLOMON SYSTECH (02878) fell more than 5% after the earnings report, as of the time of writing, it dropped 4.81%, trading at HKD 0.495, with a turnover of HKD 2.6644 million.

Zhitong FinanceMar 20 23:15 ET

SOLOMON SYSTECH (02878.HK) is expected to have a profit attributable to owners of 10.1 million USD in 2024.

On March 20, Gelonghui reported that SOLOMON SYSTECH (02878.HK) announced that for the entire year of 2024, the company's sales declined by 25.9% to 113.4 million USD. The gross profit was 38 million USD, a decrease of 17.9%. The gross margin was 33.5%, an increase of 3.2 percentage points. The net profit attributable to shareholders was 10.1 million USD, down 47.9%. Earnings per share were 0.04 USD, and the Board of Directors does not recommend the payment of a final dividend for the year ending December 31, 2024.

Gelonghui FinanceMar 20 08:09 ET

Express News | Solomon Systech (International) FY Revenue USD 113.4 Million

ReutersMar 20 07:51 ET

Express News | Solomon Systech (International) FY Capex USD 2.3 Million

ReutersMar 20 07:51 ET