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Yuanjie Semiconductor Technology to Set Up US Production Base for $50 Million; Shares Up 3%
Yuanjie Technology (688498.SH): plans to increase the capital of its wholly-owned subsidiary, Yuanjie Singapore, by no more than 50 million USD for the construction of a production base in the usa by its wholly-owned subsidiary, Yuanjie USA.
Gelonghui, November 25th | Yuanjie Technology (688498.SH) announced that, in order to further expand overseas markets, get closer to the target customer markets, enhance the delivery and service response capabilities to overseas customers, advance the global market strategy, and strengthen market competitiveness. The company plans to increase the capital of its wholly-owned subsidiary Yuanjie Singapore by no more than 50 million US dollars with its own funds, and this capital increase in Yuanjie Singapore will be used entirely for the construction of its wholly-owned subsidiary Yuanjie USA's production base in the USA.
The Price Is Right For Yuanjie Semiconductor Technology Co., Ltd. (SHSE:688498)
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.
Yuanjie Technology: bullish on multiple products' market demand next year, expanding overseas markets | Live coverage of earnings conference
①With the rapid development of the datacenter market this year, Yuanjie Technology expects that the revenue scale of CW light source products will continue to grow in the fourth quarter of this year and will further increase in the first quarter of next year; ②In recent years, Yuanjie Technology's overall gross margin has decreased significantly year by year. The company stated that it will start repairing the gross margin from two aspects: increasing investment in the datacenter field and market expansion, and further enhancing cost control.
Yuanjie Technology (688498.SH): In October, did not repurchase shares through centralized auction trading.
Gelonghui, October 31st, Source Technology (688498.SH) announced that in October 2024, the company did not repurchase shares through centralized competitive trading. As of October 31, 2024, the company has repurchased a total of 452,149 shares through the Shanghai Stock Exchange trading system by centralized competitive trading, accounting for 0.53% of the total share capital of 85,461,670 shares. The highest repurchase price was 125.00 yuan/share, the lowest price was 105.97 yuan/share, and the total amount paid was RMB 55,409,350.27 (excluding stamp duty).
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