DYNEX SEMICONDUCTOR LIMITED

1. DYNEX SEMICONDUCTOR LIMITED 1999-10-18 → present
2. DYNEX POWER SEMICONDUCTOR LIMITED 1999-10-13 → 1999-10-18
3. LASERBIND LIMITED 1999-08-13 → 1999-10-13

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Wright Vigar Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have reviewed their forecasts for the next twelve months from approval of the accounts, particularly in relation to turnover, profits and cash flow. The Company's forecasts and projections, taking account of reasonable possible changes in trading performance, show that the Company will be able to operate within the level of its current facility of £15m for at least the next twelve months from the date of the financial statements being signed. Management considered financing available to the Company, in the form of a loan from Zhuzhou, which was renewed in August 2024 until August 2025 and is renewed on a rolling basis. In considering the ability of CRRC Times Electric to provide any necessary support to the Company, the directors have reviewed Group performance and assessed their financial strength and obtained an understanding of the Group's strategic and contingent plans. A letter of support, which details the continuing commitment of the Group to ensure sufficient funding for the Company to meet its liabilities as they fall due, was received from CRRC Times Electric and hence the directors concluded that the funds necessary to finance the Company for the next twelve months would remain available.”

Group structure

1. DYNEX SEMICONDUCTOR LIMITED · parent
   1. Dynex Power Inc. · Canada
   2. Zhuzhou CRRC Times Electric Co. Ltd · China
   3. CRRC Corporation Limited · China
   4. Times Electric LLC · USA · distributor for high power semiconductors

Significant events

• “A LTB (last time buy) notice was released to key customers for Dynex HV IGBT dies and at the meantime to qualify outsourced dies with renewed product portfolio to retain the future.”
• “new business development of converter business means Dynex would enter downstream business for more monolithic integrated products.”
• “The directors believe the market for high power semiconductor and power assembly products will continue to grow through 2025 and onwards, with increasing demand from new sectors such as Power and Hydrogen Generation and developing technology such as GaN, SJ and higher performance thyristor etc.”
• “Subsequent to the reporting date, the company undertook a staff reduction exercise which resulted in employee numbers being reduced. The estimated cost of the redundancy program is approximately £550,000, which will be recognised in the financial year ending 31 December 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +4.4%

  £39,194,000 → £40,933,000

• Cash

  +22.6%

  £5,678,000 → £6,960,000

• Net assets

  +2.8%

  £12,300,000 → £12,646,000

• Employees

  +6.7%

  282 → 301

• Operating profit

  -53.4%

  £2,665,000 → £1,241,000

• Profit before tax

  -68.8%

  £1,773,000 → £553,000

• Wages

  +22.1%

  £10,199,000 → £12,455,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers