[周刊王CTWANT] LED factory Huashang (6289) announced today (13th) that due to the long-term sluggish operation of the company and the chain effects of the epidemic, war, inflation, logistics, etc. in recent years, despite its efforts, the company received The single capacity continued to decline, resulting in the company’s poor financial report and operation in the first half of the year, with a negative net value, and it is about to face delisting under the rules of the stock exchange.
Huashang pointed out that in addition to continuing to serve existing customers, the company will develop new products to explore new customers and markets, and seek new opportunities for shareholders.
In addition, New Century (3383) also announced yesterday that the company’s financial report shows that the net value is negative, and the listing needs to be terminated in accordance with Article 50-1, Item 1, Subparagraph 9 of the operating rules of the stock exchange.
New Century said that in the past ten years, the LED light-emitting diode industry has been impacted by the endless subsidy of the Chinese mainland government and the competition of the red supply chain. Taiwanese manufacturers have been struggling to operate. In the first half of this year, the post-epidemic shutdown in mainland China affected the global supply chain, and the Ukrainian/Russian war affected market supply and demand. In addition, global inflation suppressed the end market demand and slowed down the global electronics industry.
New Century emphasized that in the face of such a severe operating environment, New Century Optoelectronics will be greatly affected in the end. Considering the above factors, even if the company faces the delisting of the market, the company is currently operating normally, and the cash in the account is still sufficient to meet the needs of the operation. Under the active efforts of the new leadership and management, the company is actively developing new products, new applications and new customers. It is expected that future operations will be improved. The future outlook of the company is not pessimistic, and it should be cautiously optimistic.
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