SMIC 2017 sales of 3.1 billion US dollars, earnings-side micro or face the delisting risk

February 9 set # # Morning Post #

★ SMIC's sales in 2017 reached 3.1 billion US dollars, with the growth of the industry average

On February 8, SMIC announced fourth quarter results for 2017. As of December 31, 2017, SMIC reported fourth quarter sales of $ 787.2 million, a quarter-on-quarter increase of $ 769.7 million from the third quarter of 2017 2.3%, a 3.4% decrease from the $ 818.8 million in the fourth quarter of 2016. In terms of profit, gross profit for the fourth quarter of 2017 was $ 145.8 million, compared with $ 177.3 million in the third quarter of 2017 and fourth quarter of 2016 US $ 246 million, with a gross profit margin of 18.9%, compared with 23.0% in the third quarter of 2017 and 30.2% in the fourth quarter of 2016. SMIC explained to Jigong Weipu that the decline in gross profit margin was due to the use of advanced Process R & D spending increased significantly.SMIC said that in 2017 the capital expenditures for the operation of the wafer fab 2,454.8 million yuan, of which 948 million yuan and 5.105 billion for the majority-owned Beijing 300mm wafer fab and Shenzhen 300mm wafer fab capacity expansion 2017 capital spending on non-fab operations of 29,500,000 yuan, mainly for the construction of employee life park Throughout the year, SMIC sales reached 31.01 billion US dollars, Gross profit was US $ 741 million and gross profit margin for the year was approximately 23.9% Industry average of flat.

★ Jiangfen magnetic materials to buy 100% stake in Science and Technology have been transferred

On the evening of February 8, Jiangfen Magnetics Co., Ltd. issued a public notice that the Company received the "Notice on Approving the Issuance of Shares by Guangdong Jiangfen Magneto-Materials Co., Ltd. to Leading Investment (Shenzhen) Co., Ltd. Issued by the Securities and Futures Commission on January 17 Assets approved, "Up to now, Jiangfen Cicai issue of shares to buy the assets of the transfer of the underlying assets has been completed.In this transaction, Jiangfen Magnets to issue shares to buy the way to win the investment, collar Shang investment, collar Jie investment And other three counterparties held a total of 100% of the stake in science and technology, the subject of the transaction price of 20,730,000.00 yuan of assets, of which the lead investment held by the beneficiary 93.45% stake in science and technology, collar Shang investment and Jie Jie investment respectively Holding 4.43% and 2.12% stake in Benefit Technology After the completion of this transaction, Benefit Technology will become a wholly-owned subsidiary of Jiangmen Magneto-Optoelectronics Co., Ltd. Jiangmen Magnesite will add precision functional device business of consumer electronics products, but original Assets will not be placed.

★ Ying Fang Micro-issue investigation progress, the company shares or face the delisting risk

Since October 2016, Infineon micro-related acts allegedly illegal, was investigated by the China Securities Regulatory Commission investigation, so far no result .February 8, Ying Fang micro-release investigation report on the progress of the investigation announced that the company suspected of related acts due to irregularities , Is currently being investigated by the China Securities Association investigation, if the company by the China Securities Regulatory Commission and was punished in the administrative penalty decision was found to constitute a major offense, the company will be delisted the stock market risk warning. At present, the aforesaid case investigation is still underway and the Company has not received the relevant concluding opinions or decisions, and the current operation of the Company is all normal and is actively cooperating with the investigation of China Securities Regulatory Commission.

★ 100 million yuan investment, Suning Electronics intends to set up wholly-owned subsidiary in Shanghai

On the evening of February 8, Sunlord Electronics announced that it should operate its development needs and the company intends to invest 100 million yuan in its own funds in the newly established wholly-owned subsidiary in Songjiang District, Shanghai. Sunlord Electronics Board of Directors On the adoption of the << on the establishment of Shanghai wholly-owned subsidiary of the motion >> Sunlord said the investment to set up a wholly owned subsidiary of the company is conducive to optimizing the industrial structure, enhance the company's overall competitiveness, and promote long-term sustainable development for the company Create good economic benefits, in line with the interests of companies and shareholders.

★ Fenghua Hi-Tech chairman and director resign

February 8, Fenghua Transtech Services Inc. announced that the company's board of directors on February 8, 2018 received a written resignation report of the company chairman Xing Jianchao, director Tang Huifang, which Fortunately, Super resign due to personal reasons the company's eighth board of directors Chairman of the Board of Directors, member of the Strategy Committee of the Board of Directors and member of the Audit Committee of the Board of Directors; Mr. Tang Huifang resigned for personal reasons as a member of the Board of Trustees of the Eighth Board of Directors and a member of the Nomination Committee of the Board of Directors, Fenghua Hi-Tech said that during the period when the board of directors fails to elect a new chairman Wang Jinquan, director and president of the Company, took the responsibility of performing the duties of chairman of the board of directors on behalf of the Company. Meanwhile, the Company will complete the by-election of newly appointed chairman and board members according to legal procedures as soon as possible.

★ Gore shares of the actual controller to reduce shares and employee stock ownership has been completed

February 8, Seoul shares issued a notice that the actual controller of the company Mr. Jiang Bin bulk trading system through the Shenzhen Stock Exchange to the company 'home 3' shareholding plan to reduce the company's shares 55 million shares of the company's total share capital 1.69%, the average transaction price of 11.77 yuan / share.

★ LeTV: more than 5% of the company shareholders do not buy and sell shares of the company today

On February 8, LeTV finally opened its doors after 12 consecutive daily limit attempts and was almost as early as the close of trading in the morning session. As of the close, LeTV rose 5.39% and the turnover exceeded 4 billion. LeTV disclosed its announcement of the stock price changes, saying that its shares On February 8, the turnover rate was 29.06%. As confirmed by the Company, no shareholders of the Company holding more than 5% of the Company's shares had been traded during the period when the stock exchange fluctuated abnormally. The Company did not have any material disclosure such as undisclosed information or influence on stock price information In addition, the company will also continue to pay attention to changes in Jiayue Ting shares.

★ Central Asahi Electronics: January merger revenue over 2.4 billion yuan, an increase of 12%

Asahi Electronics yesterday announced that the company in January 2018 consolidated operating income of 2.47 billion yuan, representing a 12% increase in consolidated operating income over the same period last year.

2016 GoodChinaBrand | ICP: 12011751 | China Exports