The A-share AI application sector continued its strong performance from last week, with Fushi Holdings hitting a 20cm2 consecutive limit-up. Previously, Jishi Media, 37 Interactive Entertainment, and IMS reached their daily limit, while 360 Security Technology Inc., Wensli, BlueFocus, and Fengzhushou also saw gains

Fengzhushou: The net profit for the third quarter was 58.3211 million yuan, a year-on-year increase of 196.69%

Fengzhushou announced that its revenue for the third quarter was 568 million yuan, a year-on-year increase of 57.57%; net profit was 58.3211 million yuan, a year-on-year increase of 196.69%. Revenue for the first three quarters was 1.551 billion yuan, a year-on-year increase of 41.64%; net profit was 134 million yuan, a year-on-year increase of 46.65%

Fengzhushou plans to raise no more than 984 million yuan through a private placement, with the controlling shareholder participating in the subscription

Fengzhushou plans to raise no more than 984 million yuan by issuing shares to specific entities. The controlling shareholder, Mr. Luo Hongpeng, will participate in the subscription, with the subscription amount not less than 10% of the actual issuance quantity. The raised funds will be used for the cloud terminal computing power center, the intelligent upgrade of IoT terminals, and the research and development projects of thin terminal SoC chip technology

Fengzhushou to raise funds via private placement

Sept 30 (Reuters) - Fengzhushou Co Ltd:says co plans to raise up to 983.8 million yuan ($138.19 million) via Private Placement to fund projects($1 = 7.1190 Chinese yuan renminbi) (Reporting by Beijing Newsroom)

Fengzhushou: The acquisition of minority shareholder equity in the holding subsidiary has completed industrial and commercial registration

Fengzhushou announced that the company used self-raised funds to purchase 207 million shares of Guangdong Fengdang Technology Co., Ltd. held by Guangzhou Xiaodang Smart Technology Co., Ltd., accounting for 30% of Fengdang Technology's total share capital, with a total transaction amount of RMB 206 million. After the completion of this transaction, the company's shareholding in Fengdang Technology will increase from 483 million shares to 690 million shares, with the proportion of total share capital rising from 70% to 100%. Fengdang Technology will change from a subsidiary controlled by the company to a wholly-owned subsidiary