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Shenzhen MinDe Electronics Technology Ltd.'s (SZSE:300656) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Shenzhen Minde Electronics Technology (300656.SZ): The wafer foundry factory, Guangxin Microelectronics, is still in the ramp-up phase, with capacity continuously improving.
On August 6, Gelunhui reported that Shenzhen Minde Electronics Technology (stock code: 300656.SZ) stated on the investor interaction platform that the wafer foundry factory Guanxin Microelectronics is still in the climbing period of capacity, with continuous improvement in capacity. The products already in production include MOS field-effect diodes, high-pressure/ultra-high-pressure/ultra-high-pressure DMOS, and other products. The foundry price will be adjusted according to market conditions.
Shenzhen Minde Electronics Technology (300656.SZ) has not yet implemented share repurchases.
On August 1st, Gelunhui announced that Shenzhen Minde Electronics Technology (300656.SZ) has not yet implemented the stock repurchase as of July 31, 2024.
Shenzhen Minde Electronics Technology (300656.SZ) intends to conclude investment projects using the funds raised from the issuance of stocks to specific targets in 2021.
On July 5th, Gelonhui reported that Shenzhen Minde Electronics Technology (300656.SZ) held the second meeting of the fourth board of directors and the second meeting of the fourth board of supervisors on July 5th, 2024. The proposal to issue stocks to specific parties for investment purposes and to permanently supplement the remaining funds raised for working capital was reviewed and approved. The company agreed to conclude the investment project of "Silicon Carbide Power Device Research and Industrialization Project" and "Improvement of Production Capacity and Technical Upgrade Project of High-end Groove Schottky Diodes for New Energy Supply" using the funds raised from the issuing of stocks to specific parties in 2021, and related funds.
Shenzhen Minde Electronics Technology (300656.SZ) provides advanced driver assistance systems and intelligent driving solutions and products such as intelligent rearview mirrors for self-driving technology and smart travel.
On June 20th, Gelunhui reported that Shenzhen Minde Electronics Technology (300656.SZ) stated on an investor interactive platform that Xiaoxing Technology is a smart automobile electronics service provider with embedded AI technology as its core. It has built a complete independent R&D system for software and hardware. Based on leading computer vision technology and sensor fusion technology, it provides advanced auxiliary driving systems, smart cockpit systems, intelligent electronic exterior rearview mirrors, blind spot monitoring systems, intelligent interior rearview mirrors as well as smart driving solutions and products, with a focus on short, medium and long distance visual perception and fusion technology for both interior and exterior of the vehicle, for intelligent driving and smart travel.
Shenzhen MinDe Electronics Technology (300656.SZ): Currently, the order backlog of GigaDevice exceeds production capacity demand.
On June 20th, Gelunhui reported that Shenzhen Minde Electronics Technology (300656.SZ) stated on the investor interactive platform that the wafer foundry factory, Guangxin Microelectronics, has started mass production of products including trench Schottky diodes and high/ultra high pressure DMOS. Capacity is ramping up and expected to reach 30,000 pieces per month by the end of this year. Currently, Guangxin Microelectronics' outstanding orders exceed production capacity.
Returns On Capital At Shenzhen MinDe Electronics Technology (SZSE:300656) Paint A Concerning PictureNo Data
