OmniVision Integrated Circuits Group(SH:603501) Chang Jiang Shang Bao·2025-06-23 08:47Group 1: Establishment of Dongfang University - The Ministry of Education has approved the establishment of Dongfang University in Ningbo, which is positioned as a new research-oriented university focusing on basic research and engineering technology [3][4] - The university will initially offer four undergraduate programs: Mathematical Sciences, Intelligent Manufacturing Engineering, Electronic Science and Technology, and Computer Science and Technology, with plans to enroll students in Zhejiang province this year [3][4] Group 2: Funding and Contributions - The university was funded by Yu Renrong, known as China's "chip king," who has donated over 300 billion yuan for its establishment [3][4] - Yu Renrong's contributions include 1 billion shares of his company, which were valued at approximately 250 billion yuan at the time of donation, along with an additional 100 billion yuan for infrastructure and operational costs [4][5] Group 3: Performance of OmniVision Technologies - OmniVision Technologies, controlled by Yu Renrong, has shown strong recovery in profitability, with projected earnings exceeding 3.3 billion yuan in 2024 and a first-quarter profit of 866 million yuan, marking a 55% increase year-on-year [6][7] - The company has become one of the top three suppliers of CMOS image sensors globally, following significant acquisitions and investments in research and development [6][7] Group 4: Market Performance - Since its listing, OmniVision Technologies has seen its stock price increase approximately 23 times, with a market capitalization of around 151.6 billion yuan [8][9] - The company's stock closed at 169.91 yuan per share on June 20, 2023, significantly up from its initial offering price of 7.02 yuan [8]