A-shares show unusual movement | Shareholder plans to reduce shareholding, new micro-link has fallen for three consecutive days, and the market cap has dropped below the 10 billion yuan threshold.

On December 16, Gelonghui reported that Xinxiangwei (688593.SH) fell again by 8%, with a three-day decline of nearly 15%, currently quoted at 21.37 yuan, and the total market value falling below 10 billion yuan. The company announced last Friday evening that shareholder Xinyu Yijade plans to reduce its shareholding by no more than 4.5953 million shares within 90 days after 15 trading days from the date of the announcement, through centralized bidding on the Shanghai Stock Exchange or through block trading, with the reduced shares accounting for no more than 1% of the company's total share capital. It is worth mentioning that the company previously expected the Q4 gross margin to remain stable. (Gelonghui)

Gelonghui FinanceDec 16 14:44

Express News | Summary of Shareholding reductions for listed companies on December 13.

BreakingsDec 13 22:07

Express News | New Xiangwei: Shareholder Xinyu Yijade intends to reduce its Shareholding by no more than 1% of the company's shares.

BreakingsDec 13 21:18

Research Reports digging gold丨GTJA: Maintain the 'Shareholding' rating for New Xiangwei, and raise the Target Price to 32 yuan.

On December 13, Gelonghui reported that GTJA Research Reports pointed out that Newxiangwei (688593.SH) specializes in display driver chips, with expected EPS of 0.09, 0.34, and 0.46 yuan for the years 2024, 2025, and 2026 respectively. Considering the comparable company PE and taking into account the company's efforts to complete the Electronic Control "chip-screen" industry ecosystem and accelerate the internal circulation of the Electronic Control industry ecosystem, a PE of 94 times is given to the company for 2025 while maintaining a "Shareholding" rating and raising the Target Price to 32 yuan. Currently, the company's integrated AMOLED DDIC has already achieved bulk sales. The company has developed into one of the few in mainland China capable of matching.

Gelonghui FinanceDec 13 15:44 · Ratings

Shanghai New Vision Microelectronics Elects Vice Chairman

MT NewswiresDec 12 17:23

New Xiangwei (688593): The company intends to elect a Vice Director to accelerate the Electronic Control ecological internal circulation.

This report introduction: The new phase of micro-completion Electronic Control "chip-screen" industry ecosystem puzzle, accelerating the internal circulation of the Electronic Control industry ecosystem. Investment highlights: Maintain "Shareholding" rating, raise the Target Price to 32 yuan. The company specializes in display driver chips, and it is expected that by 2024, the company...

GTJADec 12 13:57