Reported 10 months ago
Reported on June 18, 2024, Apple's folding device supplier ShinRising (3376) announced a year-on-year revenue increase of 52.4% in the first 5 months of the year, reaching 5.26 billion yuan, with a cash dividend of 4 yuan per share. However, following reports of the iPhone folding device failing a drop test and the need for design changes, the stock rapidly dropped to its limit down level after opening, with a trading value exceeding 54.22 billion yuan, ranking 12th in trading volume. ShinRising's stock plummeted today with a trading value exceeding 50 billion yuan as Apple's plans for foldable tablets and iPhones in 2025 and 2026 impacted its supply chain, resulting in significant selling pressure.
Source: YAHOO