Bright performance performance | Macro stock price upside

Non-volatile memory plant Wang Hong rose in share price today and rose more than 4% during the session. The company won three consecutive purchases of foreign capital as of March 31st, and the company’s self-operated second-in-group purchase. The company’s performance was bright last year. In the first two months of this year, the consolidated revenue was 5.808 billion yuan, an increase of more than 30%.

Wanghong mainly has NOR Flash, read-only memory (ROM) and NAND Flash, etc. The three major product lines last year accounted for more than half of NOR Flash's revenue. Although facing increased competition in the market, the company emphasized Focusing on high-quality and high-end products can reduce the impact. Wang Hong also pointed out that the growth momentum of its NOR Flash business this year, mainly from the data center, telecommunications and automotive product applications.