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BRAINHOLE TECH: ANNUAL REPORT 2024
BRAINHOLE TECH: ANNOUNCEMENT OF FINAL RESULTSFOR THE YEAR ENDED 31 DECEMBER 2024
BRAINHOLE TECH (02203.HK) warns of a loss: expected annual net loss of 0.12 billion Hong Kong dollars to -0.13 billion Hong Kong dollars.
On March 27, Gelonghui reported that BRAINHOLE TECH (02203.HK) announced that for the year ending December 31, 2024, the group is expected to record a net loss of approximately 0.12 billion HKD to 0.13 billion HKD, compared to a net loss of approximately 34 million HKD for the year ending December 31, 2023. Based on currently available information, the Board of Directors believes that the increase in net loss for the year ending December 31, 2024, is primarily due to the following reasons: (i) ongoing tensions caused by global trade disputes and complex geopolitical issues, leading to a decrease in revenue and gross profit from the Semiconductors business, which in turn triggered.
BRAINHOLE TECH: PROFIT WARNING
BRAINHOLE TECH: DATE OF BOARD MEETING
Production cuts and price increases! Multiple factors are affecting the gradual rise of domestic Memory Chips.
Currently, Chinese manufacturers are taking over the baton of counter-cyclical investment. According to Yangtze Memory Technologies' second-phase plan, its production capacity is expected to increase to about 300,000 wafers per month by 2025, approximately equal to the NAND Flash capacity of SK Hynix, with market share expanding to 10% of the global market.