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Kangxi Communication (688653.SH): The complete layout of mobile Wi-Fi6 and Wi-Fi7 products has been completed.
On January 6, Gelonghui reported that Kangxi Communication (688653.SH) stated on the investor interaction platform that the company has been engaged in the Wi-Fi FEM field for over ten years, accumulating rich experience in radio frequency front-end technology, which has resulted in a complete product line combination of Wi-Fi 5, 6, and 7. The company has not only established a strong brand and market position in the telecommunications sector but has also extended its technology into the mobile phone Wi-Fi field. The Wi-Fi 5 product line for mobile phones has seen large-scale shipments to mobile terminal customers, and the Wi-Fi 6 and Wi-Fi 7 products have been fully laid out.
Kangxi Communication (688653.SH): First repurchase of 0.015 million shares.
On December 27, Glonghui reports that Kangxi Communication (688653.SH) announced that on December 27, 2024, the company repurchased its shares for the first time through the centralized bidding trading method of the Shanghai Stock Exchange, totaling 15,000 shares, accounting for 0.0035% of the company's total share capital of 424,480,000. The highest price for the repurchase was 14.50 yuan/share, the lowest price was 14.50 yuan/share, and the total amount paid was 217,500.00 RMB (excluding stamp duty, transaction commissions, and other trading costs).
Kangxi Communication (688653.SH): Yancheng Semiconductors and Gongqingcheng Kangsheng plan to reduce their Shareholding by no more than 3%.
On December 27, Gelonghui reported that Kangxi Communication (688653.SH) announced that due to its own funding needs, Yancheng Semiconductors and Gongqingcheng Kangsheng plan to Shareholding their shares in the company within three months after the disclosure of this Shareholding plan announcement, not exceeding 12,734,400 shares, accounting for 3% of the company's total share capital. The Shareholding price will be determined according to market prices.
Kangxi Communications (688653.SH): There are currently no plans to enter the mobile cellular products field.
On December 27, Gelonghui reported that Kangxi Communication (688653.SH) recently mentioned during a reception for institutional investor research that the company currently has no plans to venture into the mobile cellular product field. At present, the company is still focusing on Wi-Fi in the mobile sector, with substantial shipments of the mobile Wi-Fi 5 product line already achieved with terminal customers, and the layout for mobile Wi-Fi 6 and 7 products has been completed. Please pay attention to the company's public disclosure information for future product developments.
Kangxi Communication (688653.SH): In the second quarter, Wi-Fi 7 products achieved large-scale shipments and the gross margin level saw a significant increase.
On December 27, Guanglonghui reported that Kangxi Communication (688653.SH) recently stated during a meeting with institutional investors that it will achieve mass shipments of Wi-Fi 7 products in the second quarter of 2024, with the gross margin significantly improved compared to the first quarter; there is a slight decrease in gross margin in the third quarter due to the impact of the 337 investigation, with some customers adopting a wait-and-see attitude and overseas revenue slightly declining; at the same time, domestic industry competition is intensifying. The company will continue to optimize cost control, strengthen financial management, closely monitor market dynamics, and adjust sales strategies and product combinations in a timely manner.
Kangxi Communication (688653.SH): has accumulated a buyback of 0.5175% of shares.
On December 19, Gelonghui reported that Kangxi Communication (688653.SH) announced that the company's current share buyback plan has been completed as of December 19, 2024. The company has cumulatively repurchased 2,196,794 shares through centralized bidding transactions, accounting for 0.5175% of the total share capital of 424,480,000 shares as of December 19, 2024. The highest transaction price of the buyback was 14.50 yuan/share, the lowest price was 12.71 yuan/share, and the average buyback price was 13.66 yuan/share, with a total payment of 30,009,240.79 yuan.
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