Shanghai Stock Exchange STAR Market

SMIC Reports 2022 Second Quarter Results

Retrieved on: 
Thursday, August 11, 2022 - 2:03pm

SHANGHAI, Aug. 11, 2022 /PRNewswire/ -- Semiconductor Manufacturing International Corporation (SEHK: 00981; SSE STAR MARKET: 688981) ("SMIC", the "Company" or "we"), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended June 30, 2022.

Key Points: 
  • SMIC Group provides semiconductor foundry and technology services to global customers on 0.35 micron to 14 nanometer process node technologies.
  • SMIC Group also has marketing and customer service offices in the U.S., Europe, Japan, and Taiwan, China, and a representative office in Hong Kong, China.
  • To supplement SMIC's consolidated financial results presented in accordance with IFRS, SMIC uses the presentation of non-IFRS financial measures, including EBITDA, EBITDA margin and non-IFRS operating expenses in this release.
  • SMIC believes that use of these non-IFRS financial measures facilitates investors' and management's comparisons to SMIC's historical performance.

China-Euro Stock Connect Launch to a Flying Start, Gotion High-Tech GDR is officially listed on the SIX Swiss Exchange

Retrieved on: 
Monday, August 1, 2022 - 12:20pm

On 7.28, the listing ceremony of the first batch of GDRs for the China-Switzerland Stock Connect was held simultaneously on the SIX Swiss Exchange, the Shenzhen Stock Exchange and the Shanghai Stock Exchange.

Key Points: 
  • On 7.28, the listing ceremony of the first batch of GDRs for the China-Switzerland Stock Connect was held simultaneously on the SIX Swiss Exchange, the Shenzhen Stock Exchange and the Shanghai Stock Exchange.
  • The listed companies by issuing GDRs at the SIX Swiss Exchang include Gotion High-Tech, GEM, Shanshan and Keda Manufacturing.
  • According to information from the Shenzhen Stock Exchange, with the approval of the China Securities Regulatory Commission, Gotion High-Tech has been listed at the Swiss Stock Exchange on July 28.
  • It is the project with the largest issuance scale and the smallest discount among the first batch of Swiss GDR issuance projects.

NIO Inc. Provides July 2022 Delivery Update

Retrieved on: 
Monday, August 1, 2022 - 11:00am

NIO delivered 10,052 vehicles in July 2022, increasing by 26.7% year-over-year

Key Points: 
  • NIO delivered 10,052 vehicles in July 2022, increasing by 26.7% year-over-year
    NIO delivered 60,879 vehicles year-to-date 2022, increasing by 22.0% year-over-year
    Cumulative deliveries of NIO vehicles reached 227,949 as of July 31, 2022
    SHANGHAI, China, Aug. 01, 2022 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (NIO or the Company), a pioneer and a leading company in the premium smart electric vehicle market, today announced its July 2022 delivery results.
  • NIO delivered 10,052 vehicles in July 2022, representing an increase of 26.7% year-over-year.
  • Cumulative deliveries of NIO vehicles reached 227,949 as of July 31, 2022.
  • As of July 31, 2022, NIO had deployed 1,047 Power Swap stations in China, through which over 10 million battery swaps had been completed cumulatively.

AXT, Inc. Announces Second Quarter 2022 Financial Results

Retrieved on: 
Thursday, July 28, 2022 - 9:05pm

FREMONT, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the second quarter, ended June 30, 2022.

Key Points: 
  • Revenue for the second quarter of 2022 was $39.5 million, compared with $39.7 million for the first quarter of 2022 and $33.7 million for the second quarter of 2021.
  • GAAP operating expenses were $10.1 million for the second quarter of 2022, compared with $9.6 million for the first quarter of 2022 and $8.3 million for the second quarter of 2021.
  • Non-GAAP operating expenses were $9.1 million for the second quarter of 2022, compared with $8.6 million for the first quarter of 2022 and $7.4 million for the second quarter of 2021.
  • GAAP operating profit for the second quarter of 2022 was $5.3 million, compared with $3.7 million for the first quarter of 2022 and $3.9 million for the second quarter of 2021.

OCN Group Announces Business Expansion

Retrieved on: 
Tuesday, July 26, 2022 - 11:48am

Over the last decade, the country's equity and bond markets grew 239% and 445%, respectively, and now rank as the second biggest in the world, according to OCN Group.

Key Points: 
  • Over the last decade, the country's equity and bond markets grew 239% and 445%, respectively, and now rank as the second biggest in the world, according to OCN Group.
  • The expansion has also attracted an increasing number of foreign private and institutional investors, greater investment opportunities, and given rise to several financial bellwethers.
  • OCN Group welcomes and continues to benefit from China's financial market opening," said Mr. Costa, adding, "China's simplified market access rules are a big positive for us and enable us to continue expanding our business."
  • OCN Group is a partly foreign-owned and managed investment management company that has operated out of Chengdu since 2008, serving the investment needs of domestic, international, and ex-pat clients.

AXT, Inc. Crosses Major Milestone on Tongmei IPO

Retrieved on: 
Tuesday, July 12, 2022 - 2:15pm

The STAR Market IPO remains subject to review and approval by the China Securities Regulatory Commission (CSRC) and other authorities.

Key Points: 
  • The STAR Market IPO remains subject to review and approval by the China Securities Regulatory Commission (CSRC) and other authorities.
  • We consider this to be a major milestone in our effort to complete the STAR Market IPO, said Morris Young, chief executive officer.
  • Its approval is an important step because we believe that the CSRC relies heavily on the work performed by the SSE.
  • Although the timing for the IPO remains uncertain and depends upon many factors beyond our control, the achievement of this milestone adds to our confidence that Tongmei can complete the listing in this calendar year.

HYFIX.AI Announces Availability of its Mobile Centimeter GEODNET Base-Station Using Quectel’s LC29H Dual-Band GNSS Module

Retrieved on: 
Monday, July 11, 2022 - 2:00pm

HYFIX.AI, a leader in IoT Global Navigation Satellite Systems (GNSS) and precise location technologies, announces the availability of a GEODNET base-station using the LC29H module from Quectel Wireless Solutions , a global IoT solution provider.

Key Points: 
  • HYFIX.AI, a leader in IoT Global Navigation Satellite Systems (GNSS) and precise location technologies, announces the availability of a GEODNET base-station using the LC29H module from Quectel Wireless Solutions , a global IoT solution provider.
  • View the full release here: https://www.businesswire.com/news/home/20220711005249/en/
    The Mobile Centimeter (MobileCM) base-station is a dual-band GNSS base-station for Real-Time Kinematic (RTK) precise-positioning applications in Autonomy, Agriculture, Construction/Survey, Drones and Geo-Science applications.
  • The LC29H can host both RTK and Dead Reckoning algorithms such as the HYFIX.AI Embedded Centimeter (EmbedCM) stack.
  • Using GNSS correction from a service such as GEODNET or other network, the LC29H dual-band GNSS modules can achieve position accuracy of 10cm in a variety of real-world conditions.

NIO Inc. Provides Update on Response to Short Seller Report

Retrieved on: 
Monday, July 11, 2022 - 10:30am

NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market.

Key Points: 
  • NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market.
  • NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users.
  • NIO launched the EC6, a five-seater premium smart electric coupe SUV, in December 2019, and began deliveries of the EC6 in September 2020.
  • NIO launched the ET7, a flagship premium smart electric sedan, in January 2021, and began deliveries of the ET7 in March 2022.

AXT, Inc. Announces Next Filing Step for IPO in China

Retrieved on: 
Tuesday, July 5, 2022 - 9:05pm

We believe we are making good progress on the IPO, said Morris Young, chief executive officer.

Key Points: 
  • We believe we are making good progress on the IPO, said Morris Young, chief executive officer.
  • The initial filing was formally accepted for review by the Shanghai Stock Exchange on January 10, 2022.
  • As we continue to work through the IPO process, we are encouraged by the progress of our application.
  • AXT has its Asia headquarters in Beijing, China and manufacturing facilities inthree separate locations in China.

NIO Inc. Provides June and Second Quarter 2022 Delivery Update

Retrieved on: 
Friday, July 1, 2022 - 11:05am

SHANGHAI, China, July 01, 2022 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced its June and second quarter 2022 delivery results.

Key Points: 
  • NIO delivered 12,961 vehicles in June 2022, increasing by 60.3% year-over-year
    NIO delivered 25,059 vehicles in the three months ended June 2022, increasing by 14.4% year-over-year
    Cumulative deliveries of NIO vehicles reached 217,897 as of June 30, 2022
    SHANGHAI, China, July 01, 2022 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (NIO or the Company), a pioneer and a leading company in the premium smart electric vehicle market, today announced its June and second quarter 2022 delivery results.
  • NIO delivered 25,059 vehicles in the second quarter of 2022, increasing by 14.4% year-over-year.
  • On June 15, 2022, NIO unveiled the ES7, a brand new mid-large five-seater smart electric SUV.
  • The Company expects to start deliveries of the ES7 and the 2022 ES8, ES6 and EC6 in August 2022.