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Henan Shijia Photons Technology Co., Ltd.'s (SHSE:688313) Last Week's 12% Decline Must Have Disappointed Individual Investors Who Have a Significant Stake
Henan Shijia Photons Technology to Establish Singapore Subsidiary
Henan Shijia Photons Technology (688313.SH): plans to invest in establishing a subsidiary in Singapore.
On January 3, Glonghui reported that Henan Shijia Photons Technology (688313.SH) announced that, in order to fully adapt to changes in the international environment and based on the overall plan for conducting overseas Business, the company intends to use self-raised funds to invest in establishing a subsidiary in Singapore, with a registered capital of 50 million USD. After the establishment of the Singapore subsidiary, based on the company's overall plan for conducting overseas Business and to improve management efficiency, the company intends to transfer 99.9996% of the equity of SJ PHOTONS (THAILAND) CO., LTD. (hereinafter referred to as the "Thai subsidiary") at a price corresponding to its registered capital of 4.99998 million USD.
Henan Shijia Photons Technology (688313.SH): plans to sell products to Wuhan Canguang.
Gelonghui January 3 - Henan Shijia Photons Technology (688313.SH) announced that the company intends to sell products to Wuhan Canguang for operation development needs and will sign a sales contract with them according to regulations, expecting the total sales amount to be 6.5 million yuan, with delivery in batches according to demand.
Tianfeng: New AI momentum drives industry growth acceleration, bullish on the communication industry to continue high prosperity and accelerate growth each quarter.
In terms of net income, the overall net income of communications equipment in Q3 2024 increased by 18% year-on-year, a significant reversal compared to the -16% in Q3 2023, reflecting a rapid recovery in industry profitability amid the transition between old and new driving forces.
Henan Shijia Photons Technology: AI-related demand continues to grow strongly, with the production capacity of the Thai subsidiary ramping up|Live coverage of the earnings conference
①The company stated that henan shijia photons technology's subsidiary in Thailand has started operation in August 2024, engaged in the production and sale of optical devices, indoor optical cable products, as well as other products of the parent company. It is currently in the stage of increasing production capacity. ②Ge Haiquan pointed out that in terms of the market structure of optical chips, with the continuous expansion of the market size, competition intensifies, promoting an increase in market concentration.
