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Research reports | Huaxin Securities: Jinghe Integrated Production Capacity in Full Load Helps Q3 Performance, First Issued "Buy" Rating
Gelonghui November 12th | Huaxin Securities research report pointed out that Crystal Integration (688249.SH) fully loaded capacity helped Q3 performance, gross margin of products significantly increased. The company's gross margin reached 25.56% in the first three quarters, an increase of 6.6 percentage points year-on-year. In the third quarter, the gross margin reached 26.79%, an increase of 2.93 percentage points compared to the previous quarter, with a significant improvement in profitability. The expanded capacity has been gradually released since August this year, and will continue to expand in the fourth quarter, mainly focusing on the mid-to-high-end CIS field. At the same time, the adjustment of outsourcing prices for some products in the second quarter is also beneficial to improving company's operating income.
Jinghe Integrated (688249): Full capacity to boost Q3 performance, deep layout of high-end CIS products.
Jinghe Integrated released its third quarter report for 2024: In the first three quarters of 2024, the company achieved revenue of 6.775 billion yuan, a year-on-year increase of 35.05%, and achieved a net income attributable to the parent company of 0.279 billion yuan, a year-on-year increase of 771.9.
A-share market review: chinext price index rose more than 3%, semiconductors sector surged across the board
On November 11th, Gelunhui reported that the main A-share indices opened low and rose high today, with the Chinext price index rising by over 3%; at the close, the Shanghai Component Index rose by 0.51% to 3470 points, the Shenzhen Component Index rose by 2.03%, and the Chinext price index rose by 3.05%. The total trading volume for the day was 2.51 trillion yuan, a decrease of 173.8 billion yuan from the previous trading day, with over 3900 stocks rising in the entire market. On the market, news emerged that the USA demanded Taiwan Semiconductor to stop supplying advanced AI chips to mainland China customers, leading to an overall surge in the semiconductor sector. Concepts such as SMIC, AI chip, memory chip, and HBM led the gains, with stocks like Wuhan Jingce Electronic Group, Crystal International Integrated Circuit soaring by 20%; electric
The rise of the domestic substitution concept! ZTE's straight rise exceeds 10%, semiconductors stocks are soaring one after another.
ZTE's stock price hit the daily limit, reaching a new high of more than 1 year, with over 1.5 million shares blocked. Lately, companies whose names start with the middle letter have frequently seen a bullish trend. Previously, China Greatwall Technology Group had consecutive trading limit up, China National Software & Service has also been consistently bullish, and Dawning Information Industry hit a historical high.
Jinghe Integrated (688249): a leader in global DDIC wafer foundry services, upgrading processes + breakthrough in CIS opens up growth space.
DDIC, a leading contract manufacturer, has unique process extension growth potential. The company is among the top nine globally and the third in mainland china in terms of wafer manufacturing, leading globally in LCD panel manufacturing, and capable of chip manufacturing for CIS, PMIC, MCU, Logic, etc.
Major MSCI adjustment! Brokerage stocks are most favored, 20 companies are being removed.
On November 7th, Beijing time, the international index compiler MSCI announced the results of the November stock index review. Among them, 4 Chinese stocks were newly included in the MSCI China Index, while 20 individual stocks were removed. All changes will take effect after the market closes on November 25, 2024.
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