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Xinde New Materials (301349): Performance has returned to profit as expected, and the demand for fast charging continues to improve.
This report introduction: The company, as a leader in CAILIAOHANGYE, has turned from loss to profit. Looking ahead, there is hope for continued growth in the company's performance with the gradual clearing of the industry landscape and the promotion of fast charging technology and silicon-based materials.
Xinde New Materials (301349): Profit improvement in Q1, product structure optimization.
Event: Xinde New Materials released the 2024 annual report, with a revenue of 0.81 billion yuan in 2024, a year-on-year decrease of 14.62%; net income attributable to the parent company at -0.033 billion yuan, a year-on-year loss; net income attributable to the parent company after deductions at -0.057 billion yuan, a year-on-year loss.
Xinde New Materials (301349) 2024 annual report and 2025 first quarter report commentary: rapid charging catalyzes high growth in shipments, and net profit per ton steadily recovers.
Investment highlights: The company's performance met expectations. The company's revenue in 2024 was 0.81 billion yuan, a year-on-year decrease of 14.6%, with a net income attributable to the parent of -0.03 billion yuan, a year-on-year decrease of 180%. The gross margin was 4.9%, a year-on-year decrease of 8.8 percentage points, which is in line with previous expectations.
Sindh New Materials: First Quarter Report 2025
Sindh New Materials: Summary of the 2024 Semi-Annual Report (after correction)
Sindh New Materials: 2024 Annual Report Summary