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Mega Easy Innovation (603986): Q1 performance exceeded expectations and reached an inflection point, marginal price increases accelerated recovery
Guide to this report: Storage and MCU are at the bottom of the cycle, Nor utilization is gradually being fully produced, SLC Nand and niche DRAM prices are rising moderately, and the company is benefiting from the expansion of production capacity and iteration of new products to accelerate the domestic replacement process.
Express News | Seven listed memory chip companies revealed first-quarter results, Lanqi Technology's net profit increased more than tenfold year-on-year
Express News | Zhaoyi Innovation and TASKING reached a strategic cooperation
Zhaoyi Innovation (603986): Net profit to mother improved significantly in 24Q1, focus on the sharp rise in niche storage volume and price
24Q1 revenue increased 19% month-on-month, net profit to mother turned month-on-month loss into profit, and profitability improved markedly. The company's revenue in 2023 was 5.761 billion yuan, down 29.14% year on year, and net profit to mother was 161 million yuan, same
Donghai Securities released a research report on April 23 stating that it gave Zhaoyi Innovation (603986.SH) a purchase rating. The main reasons for the rating include: 1) impairment losses and price cuts for storage and MCU are the main reasons for the s
Donghai Securities released a research report on April 23 stating that it gave Zhaoyi Innovation (603986.SH) a purchase rating. The main reasons for the rating include: 1) impairment losses and price cuts for storage and MCU are the main reasons for the sharp decline in 2023 performance, which may be greatly mitigated in 2024; 2) the company's memory chip sales will continue to grow in 2024; storage prices may be expected to rise; in addition, the company's niche DRAM products may rise significantly in volume and price; 3) the company's MCU products continue to be abundant, and automotive-grade products are being mass-produced. (Mainichi Keizai Shimbun)
Mega Easy Innovation (603986): The inflection point has reached and growth can be expected
Description of the event On April 19, 2024, GigaYi Innovation announced the “2023 Annual Report” and the “2024 First Quarter Report”. In 2023, the company achieved operating revenue of 5.761 billion yuan, -29 yuan year-on-year
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