[High-tech LED News] Recently, Taiwan Sapphire Substrate Factory Zhaojing Technology (4969-TW) and Crystal Rod Factory Xinjing Diamond Technology (5231-TW) held a shareholder meeting at the meeting, and decided to adjust the merger and share conversion ratio. The stock was exchanged for 1 share, and 1 share of Xinjing Diamond was adjusted to renew 1.25 shares of Zhaojing.
Zhaojing Technology said that due to the considerable changes in the LED industry Q2, the company raised the inventory price loss of NT$ 427 million in the first half of the year, resulting in a loss of RMB 230 million in the first half of the year and an EPS loss of RMB 3.71 per share, which also allowed the company to turn over the inventory turnover days. It fell to 73 days, but the company's net worth still maintained at 24.6.
At present, Zhaojing has a market share of nearly 30% in Taiwan. It is the largest supplier of sapphire substrates in Taiwan. After the merger with Xinjing Diamond, the company has mastered the most advanced sapphire crystal technology of LED and has a large customer base.
Zhaojing Technology said that due to the considerable changes in the LED industry Q2, the company raised the inventory price loss of NT$ 427 million in the first half of the year, resulting in a loss of RMB 230 million in the first half of the year and an EPS loss of RMB 3.71 per share, which also allowed the company to turn over the inventory turnover days. It fell to 73 days, but the company's net worth still maintained at 24.6.
At present, Zhaojing has a market share of nearly 30% in Taiwan. It is the largest supplier of sapphire substrates in Taiwan. After the merger with Xinjing Diamond, the company has mastered the most advanced sapphire crystal technology of LED and has a large customer base.
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