AXTI's Beijing factory. Photo by Beijing Academy of Ecological and Environmental Protection Sciences, November 2021
AXTI
Why AXTI may be on the brink of collapse
The Chinese reports AXTI doesn’t want you to see
Initiation: April 4, 2024
J Capital Research ("J Cap") is a stock-research company. J Cap has analyzed the U.S.-listed company AXT, Inc. (“AXTI”) and is hereby publishing the outcome and the conclusions of our analysis, based on publicly available information. We may benefit from a decline in the price of AXTI shares, and, for this reason, there might be a conflict of interest.
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1 See SEC settlement agreement, https://www.sec.gov/litigation/litreleases/lr-20219#:~:text=ISSI%2C%20without%20admitting%20or%20denying,13%20and%20
14a%2D9%20thereunder.
2 See the article, “Focus on Beijing Tongmei Science and Technology Innovation Board IPO: nearly 50% of revenue comes from gallium and germanium related items, which are greatly affected by export control policies,” July 11, 2023 in China Securities Journal https://www.cs.com.cn/ssgs/gssd/202307/t20230711_6355067.html
3 See AXT Inc. Securities litigation 2004: https://securities.stanford.edu/filings-case.html?id=103287
14a%2D9%20thereunder.
2 See the article, “Focus on Beijing Tongmei Science and Technology Innovation Board IPO: nearly 50% of revenue comes from gallium and germanium related items, which are greatly affected by export control policies,” July 11, 2023 in China Securities Journal https://www.cs.com.cn/ssgs/gssd/202307/t20230711_6355067.html
3 See AXT Inc. Securities litigation 2004: https://securities.stanford.edu/filings-case.html?id=103287