讀後心得

Hua Sheng Electronics, established 41 years ago, has been ordered by the OTC Center to suspend trading starting tomorrow due to failing to submit financial reports on time. The stock price has dropped to 3.96 yuan, with more than 4,448 shares still available for sale that have not been transacted. If the financial reports are not submitted within six months, the company may face delisting risks, and the stocks of 37,628 shareholders will become worthless. The company started by producing wiring for computers, was listed in 2005, once accounted for a quarter of the global market, and has factories in multiple locations. Currently, electronic connection cables account for 97% of its revenue.

Huasheng, a connector manufacturer with a 41-year history, has been ordered by the OTC market to suspend stock trading starting from May 7th due to its failure to submit financial reports by the deadline. After the market opened on the 2nd, the stock price rapidly hit the lower limit, leaving only NT$3.96, with over 4,448 shares still unsold. If Huasheng cannot submit the financial reports within the next six months, it may face the risk of delisting, which would render the stocks of 37,628 shareholders worthless.

Huasheng Electronics was established in 1984, initially focusing on the production of cables for computers and was listed in Taiwan in 2005. After years of effort, the company reached a global market share of one-quarter by 2009, with a capital of NT$2.5 billion. Its main customer base includes well-known technology giants like Wistron and Compal, with products covering fine coaxial cables, electronic wires, and antennas. In the revenue structure for the fiscal year 2023, electronic connection cables accounted for 97%, while other products made up 3%.

Huasheng's scale should not be underestimated, as it has factories in Guangdong, Jiangsu, Shandong, Sichuan, Henan, and other regions in China, as well as a production base set up in Hanoi, Vietnam. However, after reviewing the announcements of the over-the-counter company, the Securities OTC Center found that Huasheng failed to submit the financial reports for the fiscal year 2024 as required, thus announcing the suspension of its trading from April 7th.

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