Episode 13｜Every day we dismantle a company: ChangXin Technology
On July 27, it just went public, and everyone was asking whether it would get choked off. But when you open its own prospectus: in 2023, it only accounted for 10.56 billion yuan in equipment depreciation—while that year’s total operating revenue was only 9.09 billion.
What it fears most isn’t being unable to buy equipment—it’s the equipment it has already purchased. Depreciation only rises and never goes back, while revenue fluctuates with the business cycle.
In 9 minutes: who profits from dismantling it, where its critical weakness lies, and who can bring it down
#AI #semiconductors #ChangXin Technology #DailyFollowMeToLearnMore #产业链分析
On July 27, it just went public, and everyone was asking whether it would get choked off. But when you open its own prospectus: in 2023, it only accounted for 10.56 billion yuan in equipment depreciation—while that year’s total operating revenue was only 9.09 billion.
What it fears most isn’t being unable to buy equipment—it’s the equipment it has already purchased. Depreciation only rises and never goes back, while revenue fluctuates with the business cycle.
In 9 minutes: who profits from dismantling it, where its critical weakness lies, and who can bring it down
#AI #semiconductors #ChangXin Technology #DailyFollowMeToLearnMore #产业链分析