Hoshine Silicon Industry is a Chinese company specializing in the production of metallurgical silicon, a crucial material used in various industries including electronics and solar energy. However, it has faced scrutiny due to allegations of forced labor practices in its supply chain, particularly in the Xinjiang region.
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Hoshine Silicon Industry Key financial highlights:
- Revenue: Hoshine Silicon Industry’s revenue is influenced by factors such as global demand for silicon products, commodity prices, and fluctuations in currency exchange rates. In previous years, it has reported 2.52 billion U.S. dollars in revenue.
- Profit: The biggest challenge for Hoshine Silicon Industry to stay profitable is managing the impact of regulatory scrutiny and potential sanctions related to allegations of forced labor in its supply chain. Hoshine Silicon Industry has historically maintained a considerable net income of 874 million U.S. dollars.
- Hoshine Silicon Industry’s assets include manufacturing facilities, raw materials, machinery, intellectual property, and financial investments. Hoshine Silicon Industry has reported 4.1 billion U.S. dollars in assets.
- Hoshine Silicon Industry’s market value in the investment market is determined by various factors including its financial performance, growth potential, market share, industry outlook, and investor sentiment. Hoshine Silicon Industry’s current market value is 13.76 billion U.S. dollars.
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