Reported 12 months ago
On June 29, 2024, Jinxiang Electric (2368) saw its revenue from AI server-related services exceed 20%. With a strong emphasis on AI concepts, the company went ex-dividend at 3.5 yuan on June 27. Despite experiencing a discount on the ex-dividend date, Jinxiang Electric rebounded on the 28th, with share prices rising to 207 yuan, marking a new high since going ex-dividend. The company's performance was driven by AI applications boosting the demand for HDI (high-density interconnect) boards, prompting Jinxiang Electric to double its Taiwan factory's expansion to 20%, with new capacity expected to come online in the third quarter of this year. The company anticipates stronger operations in the third quarter compared to the second quarter, with the latter half of the year poised to outperform the first half.
Source: YAHOO