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    300671   CNE100002NR8

SHENZHEN FINE MADE ELECTRONICS GROUP CO., LTD.

(300671)
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Semiconductor firms lead China stocks higher; Hong Kong down

06/30/2021 | 12:42am EDT

* SSEC +0.2%, CSI300 +0.4%, HSI -0.2%

* HK->Shanghai Connect daily quota used 100%, Shanghai->HK daily quota used -0.1%

* FTSE China A50 +0.3%

SHANGHAI, June 30 (Reuters) - China stocks climbed on Wednesday, aided by semiconductor firms on expectations of robust earnings, while soft factory activity data eased fears of policy tightening in the world's second-largest economy.

** The CSI300 index rose 0.4% to 5,212.25 by the end of the morning session, while the Shanghai Composite Index gained 0.2% to 3,581.72.

** Shenzhen's start-up board ChiNext added 1.7%, while Shanghai's tech-focused STAR50 index rose 1.8%.

** Growth in China's June factory activity dipped to a four-month low on higher raw material costs, a shortage of semiconductors and a COVID-19 outbreak in the major export province of Guangdong, amid wider supply chain disruptions in Asia.

** China's June official manufacturing Purchasing Manager's Index eased slightly to 50.9 versus 51.0 in May, data from the National Bureau of Statistics showed. It, however, exceeded analysts' forecast for a slowdown to 50.8.

** China's economic growth could be weak in the second half, indicating a neutral monetary policy with a loosening bias would continue, Essence Securities said in a report, adding weak growth could substantially decrease chances of monetary tightening.

** Shares in China's semiconductor firms jumped on expectations of robust earnings growth in the first half as a shortage of semiconductors pushed prices higher.

** Shenzhen Fine Made Electronics Group Co Ltd, Kingsemi Co Ltd, Sino Wealth Electronic Ltd and SG Micro Corp rose between 11% and 20%.

** The CSI all-share semiconductors & semiconductor equipment index climbed 4.7% by the midday break.

** In Hong Kong, the Hang Seng index dropped 0.2% to 28,948.75, while the Hong Kong China Enterprises Index lost 0.4% to 10,716.92.

** Shares of oncology and immunology drug developer and maker Hutchmed China Ltd rose as high as HK$59.80 in Hong Kong debut, up 49.1% from the offer price. (Reporting by Luoyan Liu and Andrew Galbraith; Editing by Subhranshu Sahu)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
SG MICRO CORP -0.56% 320.21 End-of-day quote.82.08%
SHENZHEN FINE MADE ELECTRONICS GROUP CO., LTD. -1.17% 89.05 End-of-day quote.166.37%
SINO WEALTH ELECTRONIC LTD. -0.92% 64.8 End-of-day quote.118.78%
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More news
Financials
Sales 2021 2 268 M 355 M 355 M
Net income 2021 807 M 126 M 126 M
Net Debt 2021 - - -
P/E ratio 2021 22,6x
Yield 2021 -
Capitalization 18 251 M 2 855 M 2 855 M
Capi. / Sales 2021 8,05x
Capi. / Sales 2022 6,00x
Nbr of Employees 899
Free-Float 56,9%
Chart SHENZHEN FINE MADE ELECTRONICS GROUP CO., LTD.
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Technical analysis trends SHENZHEN FINE MADE ELECTRONICS GROUP CO., LTD.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 2
Last Close Price 89,05 
Average target price
Spread / Average Target -
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Managers and Directors
Jing Yu Liu Chairman & General Manager
Qiong Luo CFO, Secretary, Director & Deputy GM
Zhi Xiong Li Chairman-Supervisory Board
Hui Deng Independent Director
Guo Ping Wang Independent Director