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A subsidiary of Pinchuang Holdings (08066.HK) plans to subscribe for the registered capital of Hangzhou Baisico Intelligent Technology for 3.6 million yuan
Pinchuang Holdings (08066.HK) issued an announcement. On April 17, 2024, the investor Beijing Desheng Wanli Shi Printing Technology Co., Ltd. (that is, an indirect wholly-owned subsidiary of the company) signed a capital injection agreement with the target company. The investor conditionally agreed to subscribe for the target company's registered capital at a subscription price of RMB 3.6 million. After completion, investors, former shareholder A Puyue, and original shareholder B Guo Rongxiang will respectively hold 20%, 56% and 24% of the target company's expanded registered capital. Therefore, the target company should be recorded as an associated company of the company, and the target company's financial performance will not be incorporated into the group's comprehensive finance
PHOENITRON HOLD: ANNUAL REPORT 2023
Pinchuang Holdings (08066) announces annual results, profit attributable to shareholders of HK$4.335,500, turning a year-on-year loss into profit
According to the Zhitong Finance App, Pinchuang Holdings (08066) announced its annual results for the year ended December 31, 2023. The group achieved revenue of HK$79.105 million during the period, an increase of 35.26% over the previous year; profit attributable to shareholders was HK$4.335,500; shareholders' losses were HK$7.754 million during the same period last year, turning a year-on-year loss into a profit; basic profit per share was HK$0.825 cents. The announcement stated that during the reporting period, the Group's revenue from smart card sales was approximately HK$79.1 million, an increase of 35.3% over approximately HK$58.47 million in the same period in 2022. This increase is due to chip supply during the reporting period
PHOENITRON HOLD: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
The reduction in memory production has come to an end, and the utilization rate of the original factory's production capacity has returned to 90%
According to Taiwan Electronic Times, the memory industry has reached the bottom of a cold winter. As demand for high-bandwidth memory (HBM) and DDR5 surges due to generative AI, the collective reduction of original memory production will come to an end.
PHOENITRON HOLD: THIRD QUARTERLY REPORT 2023
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