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Xinxiang Wei 2024 Annual Report
Summary of Xinxiang Wei\'s 2024 Annual Report
Xinxiang Wei 2025 First Quarter Report
Is the Global Strategy integration effective? New Xiangwei turned a profit in Q1, with the Social Security Fund appearing on the list of circulating Shareholders.| Interpretations
① After experiencing a decline in profits in 2024, the strategic integration of Xinxiangwei may begin to show results. In the first quarter of this year, the company's revenue increased by 50% year-on-year, achieving a turnaround from loss to profit; ② The National Social Security Fund No. 103 portfolio appears in the company's latest list of the top ten circulating shareholders. As of the end of the first quarter, this Fund holds 5.5 million shares of Xinxiangwei, accounting for 1.2% of the company's total share capital.
New Xiangwei (688593.SH): Net income of 8.4329 million yuan in 2024, a year-on-year decrease of 69.38%.
Gelonghui reported on April 25 that New Xiangwei (688593.SH) announced its 2024 annual report, achieving revenue of 0.507 billion yuan during the reporting period, a year-on-year increase of 5.61%; Net income attributable to shareholders of the listed company was 8.4329 million yuan, a year-on-year decrease of 69.38%; EPS was 0.018 yuan.
New Xiangwei (688593.SH): Products are not directly exported to the USA market.
On April 8, Glonghui reported that new silicon micro (688593.SH) stated on the investor interactive platform that the company adheres to an independently controllable domestic development path, mainly adopting a Fabless model, completing core production steps like wafer manufacturing, packaging, and testing primarily through the domestic Industry Chain. Currently, products mainly serve local display panel manufacturers in China and are not directly exported to the USA market, thus not directly affected by the tariff policies concerning the USA. We continue to closely monitor changes in the Global Semiconductor industry landscape and will deepen the Global Strategy of "domestic substitution," continue to build an independently controllable supply chain system, and strengthen the resilience of the supply chain for the domestic market.
Some Confidence Is Lacking In Shanghai New Vision Microelectronics Co., Ltd (SHSE:688593) As Shares Slide 30%
