FFEC: The net profit for the third quarter was 65.278 million yuan

FFEC announced that its revenue for the third quarter was 4.008 billion yuan, a year-on-year increase of 58.33%; net profit was 65.278 million yuan. Revenue for the first three quarters was 9.34 billion yuan, a year-on-year increase of 19.11%; net profit was 87.3624 million yuan

The A-share consumer electronics sector saw significant declines, with Victory Precision hitting the limit down, Shenglan Technology falling over 9%, and YD Electronic, FFEC, and RISUNTEK INC among the biggest losers

FFEC invests to establish a new company that includes integrated circuit manufacturing business

According to the Qichacha APP, recently, Guangdong Funuo Chengguang Electronic Technology Co., Ltd. was established, with Ma Zhibin as the legal representative and a registered capital of 10 million yuan. The business scope includes: manufacturing of intelligent unmanned aerial vehicles; 5G communication technology services; manufacturing of wearable smart devices; integrated circuit manufacturing; integrated circuit design, etc. Qichacha's equity penetration shows that the company is wholly owned by FFEC indirectly

Multiple popular stocks plummet, Hongtong Natural Gas and others hit the limit down

Multiple popular stocks plummeted, with EIT falling over 11%, Hongtong Natural Gas, Bayi Steel, GUOGUANG CHAINS, and others hitting the daily limit down, while HIGHLY, FFEC, BEWINNER TECH, and Xinjiang Communications Construction also saw significant declines

The three major A-share indices opened higher collectively, with new stock N rising over 290%

36Kr learned that the three major indices of A-shares opened higher collectively, with the Shanghai Composite Index opening up 0.06%, the Shenzhen Component Index up 0.05%, and the ChiNext Index up 0.01%; new stock N Zhigao surged over 290%; the real estate, heavy machinery, and electrical grid sectors led the gains, with Electronic City rising over 7%, GWE rising over 4%, and Weichai Power rising over 2%; the retail, communication equipment, and catering tourism sectors declined, with Guoguang Chain falling over 7%, FFEC falling over 2%, and Tibet Tourism falling over 1%