688711 Macmic Science & Technology
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Macmic Science & Technology News
We Think Macmic Science&TechnologyLtd (SHSE:688711) Is Taking Some Risk With Its Debt
Hongwei Technology (688711.SH): Successfully developed two SiC hybrid modules and one SiC MOS module, which have passed the customer's complete machine performance test.
Gelonghui November 4th | Hongwei Technology (688711.SH) stated on the investor interaction platform that in terms of R&D progress, the company continues to increase R&D investment, expand new business growth curves. First, in the field of industrial control, accelerating the enrichment and expansion of product models, a series of products around the variable-frequency drive application field have been serialized with various current specifications, more abundant part numbers, expanding more industrial control customers, and opening up more product application scenarios; in emerging areas such as data centers, servers, and power management, bulk orders have been formed. With the acceleration of new product iterations, orders related to power management will continue to increase. In addition, two SiC hybrid modules and
Hongwei Technology: Jiangsu Hongwei Technology Co., Ltd. Report for the Third Quarter of 2024
Jiangsu Hongwei Technology Co., Ltd. Report for the Third Quarter of 2024
Individual Investors Invested in Macmic Science&Technology Co.,Ltd. (SHSE:688711) up 12% Last Week, Insiders Too Were Rewarded
Hongwei Technology (688711.SH): Currently, the photovoltaic industry is facing dual pressures of expanding production capacity and intense competition, overall in a destocking state.
Gelonghui, October 10th | Hongwei Technology (688711.SH) stated at an investor relations event that the photovoltaic industry is currently facing dual pressures of expanding production capacity and intense competition, overall in a destocking state. With the continuous implementation and improvement of national policies, it will not only help optimize the resource allocation of the photovoltaic industry, enhance the industry's overall competitiveness, but also accelerate the elimination and clearance of outdated production capacity, laying a foundation for the high-quality development of the photovoltaic industry. The company's management will actively plan for operational development, keep up with industry trends, continuously strengthen research and development technology innovation, implement effective cost reduction and efficiency improvement measures, to consolidate and promote.
Macmic Science&Technology Co.,Ltd. (SHSE:688711) Stocks Shoot Up 31% But Its P/E Still Looks Reasonable
There Are Reasons To Feel Uneasy About Macmic Science&TechnologyLtd's (SHSE:688711) Returns On Capital
Hongwei Technology (688711.SH): The self-developed SiC SBD chips have passed reliability verification and system-level verification by multiple end customers.
On September 27th, Hongwei Technology (688711.SH) stated on the investor interaction platform that, based on the steady development of its traditional silicon-based business, the company is also actively laying out SiC chip and packaging business. As of the first half of 2024, the company has made substantial progress in the SiC field, including: 1. Chip products: The 1200V 40mohm SiC MOSFET chip has been successfully developed and has passed reliability verification; The 1200V 13mohm SiC MOSFET chip for vehicle regulations is actively under development; The self-developed SiC SBD chip has already passed
MacroMicro Technology (688711.SH): Bulk orders have been formed in high-value applications such as datacenter and server power management.
Gelonghui on September 24th│ Hongwei Technology (688711.SH) stated on the investor interaction platform that the company focuses on the design, production, and sales of power semiconductor chips, transistors, and modules mainly based on IGBT and FRD. The company is accelerating the research and development of high-voltage series products in the wind energy storage field; continuously innovating in the HPD product solutions for new energy vehicles; accelerating the enrichment and expansion of product models in the industrial control field; bulk orders have been formed in high-value application scenarios such as data centers, server power management; at the same time, the company actively pays attention to market opportunities in low-altitude economy, consumer, and transportation sectors. In addition, the company
Weak Statutory Earnings May Not Tell The Whole Story For Macmic Science&TechnologyLtd (SHSE:688711)
Hongwei Technology (688711.SH): has repurchased 1.598 million shares.
On August 26, Hongwei Technology (688711.SH) announced that as of the date of this announcement, the company has repurchased 1.598 million shares, accounting for 0.7506% of the total share capital of the company. The highest repurchase price was 25.76 yuan per share, the lowest repurchase price was 12.52 yuan per share, and the average repurchase price was 15.96 yuan per share. The total amount paid was 25.4962 million yuan (excluding stamp duty, trading commission and other transaction costs). The company's stock repurchase amount has reached the lower limit of the repurchase fund total amount in the repurchase plan.
Jiangsu Hongwei Technology Co., Ltd. 2024 Interim Report
Summary of Jiangsu Hongwei Technology Co., Ltd.'s 2024 semi-annual report
Hongwei Technology (688711.SH): net income in the first half of the year was 2.5141 million yuan, a decrease of 95.98% year-on-year.
On August 22nd, Gelonghui announced its semi-annual report. In the first half of 2024, the company achieved a revenue of 636.6202 million yuan, a year-on-year decrease of 16.72%. The net income attributable to shareholders of the listed company was 2.5141 million yuan, a year-on-year decrease of 95.98%. The net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was -3.0409 million yuan, a year-on-year decrease of 105.21%. In the first half of 2024, due to intensified competition in the domestic power semiconductor industry, there was significant pressure to destock, which suppressed shipment volume and average selling prices in the short term.
Hongwei Technology (688711.SH): The controlling shareholder and actual controller voluntarily pledged not to reduce their shareholdings in the company within six months.
On August 15th, Gelunhui reported that based on the company's confidence in future development and high recognition of company value, in order to promote continuous, stable and healthy development of the company, and to enhance the confidence of the majority of investors, the controlling shareholder and actual controller of the company, Zhao Shanqi, voluntarily promised not to reduce the company's shares held directly in any way within the next 6 months (from September 2, 2024 to March 1, 2025), starting on September 2, 2024 (the day when his restricted shares are listed and circulated), including during the commitment period any part of the shares due to capital reserve increase, dividend distribution, rights offering, and additional issues.
Hongwei Technology (688711.SH): IGBT modules are widely used in Chongqing Sokon Industry Group Stock (SOKON) series of cars.
Hongwei Technology (688711.SH) stated on the investor interaction platform on August 12 that the company's insulated gate bipolar transistor (IGBT) modules are mass-produced and applied to the Sailease series of vehicles, mainly for the Wanjie M7 model, with stable orders. In addition, the company's products are widely used in vehicles for different scenarios, and are applied to hot-selling models of mainstream car manufacturers such as BYD, Chery, GAC, and Changan.
Hongwei Technology (688711.SH): Has repurchased a total of 1.1588 million shares.
On August 1st, Geelong Stock Exchange reported that as of the end of July 2024, Hongwei Technology (688711.SH) had repurchased a total of 1.1588 million shares, accounting for 0.5443% of the company's total share capital of 212,883,695 shares. The highest purchase price was 25.76 yuan/share and the lowest purchase price was 14.55 yuan/share. The total amount paid was 19.9974 million yuan (excluding transaction commission and other expenses).
Macmic Science&Technology Co.,Ltd.'s (SHSE:688711) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Hongwei Technology (688711.SH): SiC hybrid packaged photovoltaic modules have exceeded one million.
On June 17, Gelunhui, Hongwei Technology (688711.SH) expressed on the investor interaction platform that the company had early layout of SiC chip and packaging business. Relevant SiC modules have been mass applied in new energy and other industries, and the research and development and mass production of third-generation power semiconductor devices have obvious advantages. The research and development progress of the company's silicon carbide field is as follows: 1. Chip products: the company's first 1200V SiC MOSFET chip has been successfully developed; The self-developed SiC SBD (Schottky Barrier Diode) chip has passed the reliability verification and has been verified by end customers. 2. Module products.
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