KINGSEMI's (SHSE:688037) Shareholders Have More To Worry About Than Only Soft Earnings

Simply Wall StOct 29 19:15 ET

Kingsemi's Q3 Profit Plunges 63%; Shares Slide 4%

MT NewswiresOct 23 03:09 ET

Order delivery delays, combined with increased costs, kingsemi co., ltd.'s net profit in the first three quarters halved, with some fund-raising projects postponed.

①Kingsemi co., ltd. stated that the main reason for the decline in performance is the uneven distribution of short lead time orders and long lead time orders, resulting in certain fluctuations in quarterly revenue; ②In recent years, Kingsemi co., ltd. has also expanded into areas such as chemical cleaning, temporary bonding, and debonding. During the reporting period, its first chemical cleaning machine KS-CM300 was launched.

cls.cnOct 22 19:43 ET

Xinyuanwei Report for the Third Quarter of 2024

SZSIOct 22 12:00 ET · Announcements

Kingsemi co., ltd. (688037.SH): The fundraising project "High-end wafer processing equipment industrialization project (Phase II)" has been adjusted to December 8, 2026.

Grainews on October 22 Kingsemi co., ltd. (688037.SH) announced that, affected by factors such as changes in the location of the investment projects, the construction progress of the "High-end wafer processing equipment industrialization project (Phase II)", the procurement of production equipment, and the installation and debugging work have all been delayed. In order to improve the efficiency of the use of funds raised, according to the actual situation of the company and market demand, the company plans to invest in this project gradually in a planned and step-by-step manner, therefore adjusting the date for the project to reach the scheduled usable status to December 8, 2026.

Gelonghui FinanceOct 22 06:05 ET

Kingsemi Co., Ltd. (688037.SH): the net income in the first three quarters was 0.108 billion yuan, a decrease of 51.12% year-on-year.

On October 22, Kingsemi Co., Ltd. (688037.SH) announced that the company's revenue for the first three quarters was 1.105 billion yuan, a decrease of 8.44% year-on-year; the net income attributable to the shareholders of the listed company was 0.108 billion yuan, a decrease of 51.12% year-on-year; the net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses was 40.046 million yuan, a decrease of 77.97% year-on-year; basic earnings per share was 0.54 yuan.

Gelonghui FinanceOct 22 06:03 ET