Core Viewpoint - ASE Technology Holding Co., Ltd. (ASX.US) shares rose over 6.7% to $14.26 in pre-market trading, reaching a new high after the announcement of its upcoming Q3 earnings report on October 30 [1] Financial Performance - The total sales for Q3 reached NT$168.57 billion, representing a year-on-year increase of 5.3%, surpassing market expectations of NT$162.64 billion [1] - The market anticipates earnings per share (EPS) of NT$4.551, which reflects a year-on-year growth of 6.8% [1]

Core Viewpoint - SMIC's stock prices have declined significantly, with A-shares dropping over 3% and H-shares over 5% as of August 8, following the release of its Q2 2025 financial results [1][4]. Financial Performance - In Q2 2025, SMIC reported total sales revenue of $2.209 billion, a decrease of 1.7% from Q1 2025, but an increase of 16.2% year-over-year [4][6]. - The gross margin for Q2 2025 was 20.4%, down 2.1 percentage points from Q1 2025 [4][6]. - Capacity utilization improved to 92.5%, an increase of 2.9 percentage points from the previous quarter [4][6]. - Operating profit fell by 51.3% to $150.7 million compared to Q1 2025, while net profit decreased by 54.6% to $146.7 million [6]. Revenue Breakdown - Revenue by application in Q2 2025: smartphones (25.2%), computers and tablets (15%), consumer electronics (41%), IoT and wearables (8.2%), and industrial and automotive (10.6%) [6][7]. - Revenue by region: China accounted for 84.1%, the U.S. 12.9%, and Europe and Asia 3.0% in Q2 2025 [7]. - Revenue by service type: wafer sales constituted 94.6% of total revenue in Q2 2025 [7]. Future Outlook - For Q3 2025, SMIC provided revenue guidance indicating a potential growth of 5% to 7% compared to Q2 2025, with a gross margin forecast of 18% to 20% [4][6]. - Management indicated that there would be no price increases, attributing the rise in average selling price (ASP) to full capacity utilization, and stated that they would follow industry price changes if competitors raised prices [8].

Core Viewpoint - Jingfeng Mingyuan reported a slight decline in revenue for the first half of 2025, but achieved a significant turnaround in net profit compared to the previous year [1] Financial Performance - The company's operating revenue for the first half of 2025 was 731,487,818.09 yuan, representing a year-on-year decrease of 0.44% [1] - The net profit attributable to shareholders of the listed company was 15,762,043.54 yuan, a recovery from a loss of 30,507,590.24 yuan in the same period last year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 12,563,898.84 yuan, compared to a loss of 17,835,252.51 yuan in the previous year [1]