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China International Capital Corporation: In October, the supply and demand for the electric vehicles industry chain are both strong, and some segments are expected to see price increases.
With the operating rates of major manufacturers at a high level, it is expected that some previously undervalued segments, such as lithium iron phosphate cathodes and electrolyte hexafluorides, may see price stabilization or increases.
Zhongrong Electric (301031): Q3 profits exceeded expectations, overseas expansion and new products opened up growth potential.
The company's third-quarter performance exceeded expectations, with net income to parent company up by 90.9% year-on-year. In Q3 2024, the total revenue of the company was 0.37 billion yuan, up by 41.6% year-on-year and 14.5% quarter-on-quarter; net income to parent company was 0.055 billion yuan, up by
China Resources Power (301031) Quarterly Report Review: Good performance in the third quarter, electric vehicles and energy storage sectors are expected to work together.
Event: The company released its third quarter report. In the third quarter, the company achieved total operating income of 0.372 billion yuan, a year-on-year increase of 41.57%, and net income attributable to shareholders of listed companies was 0.055 billion yuan, a year-on-year increase of 90.92%; for the first three quarters.
Zhongrong Electric (301031.SZ): Did not repurchase company shares in October
Gelonghui November 4th | Zhongrong Electric (301031.SZ) announced that in October 2024, the company did not repurchase company shares. As of October 31, 2024, the company repurchased a total of 261,600 shares through a share repurchase dedicated securities account in a centralized auction trading method, accounting for 0.3947% of the total share capital of the company. The highest fill price is 79.55 yuan/share, the lowest fill price is 74.34 yuan/share, and the cumulative fill total amount is 20.1352 million yuan (excluding transaction fees).
Zhongrong Electric (301031): Equity payment reduced, scale effect released, Q3 performance exceeded expectations.
Investment highlights: The performance in the third quarter exceeded expectations. The company's revenue in Q1-3 of 2024 was 0.97 billion yuan, a 27% year-on-year increase, with a net income attributable to the mother of 0.12 billion yuan, a 40% year-on-year increase, and a gross margin of 38.6%, a 2.1 percentage point decrease. Net margin attributable to the mother is 12%
Sinofuse Electric: Report for the third quarter of 2024
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