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Sinolink: The trend of rising in the east and falling in the west still exists, and domestic tire companies are beginning to differentiate.
Domestically, there is a clear differentiation in the production of semi-steel and an steel tires. The monthly production rate of semi-steel tires in China has been maintained at nearly 80% since March, while the monthly production rate of an steel tires has fluctuated below 60% from May to October.
Jiangsu General Science Technology (601500): Tire production and sales volume increased significantly month-on-month, bullish on the company's long-term growth prospects
Event: According to Wind, on November 8, 2024, the price of China's standard rubber 1# was 17,400 yuan/ton, an increase of 800 yuan/ton compared to November 1. October 28, 2024.
Jiangsu General Science Technology (601500.SH): has cumulatively repurchased 0.17% of shares.
Gelonghui on November 1st announced that Jiangsu General Science Technology (601500.SH) disclosed that as of October 31, 2024, the company has accumulated repurchased 2,624,500 shares, accounting for 0.17% of the total share capital of the company. The highest purchase price was 6.08 yuan/share, the lowest price was 4.36 yuan/share, and the total amount paid was 15,609,024 yuan (excluding transaction fees such as trading commissions).
Jiangsu General Science Technology (601500): Q3 profits are under short-term pressure, with continuous large volume in domestic and foreign bases.
In Q3 2024, the company's attributable net income is under short-term pressure, maintaining a 'buy' rating. In Q1-Q3 2024, the company achieved revenue of 4.988 billion yuan, a year-on-year increase of 35.56%, and achieved attributable net income of 0.38 billion yuan.
Jiangsu General Science Technology (601500): Q3 revenue hits a record high, profitability expected to rebound.
The company released its third-quarter report for 2024, achieving revenue of 4.99 billion yuan (+35.6% year-on-year), achieving a net income attributable of 0.38 billion yuan (+139.5% year-on-year), and achieving a non-net profit attributable of 3.6.
Jiangsu General Science Technology (601500) 2024Q3 Review Report: Financial expenses dragging down Q3 performance Company's new production capacity continues to increase.
Investment Highlights The company released the third quarter report of 2024, achieving revenue of 4.988 billion yuan, a year-on-year increase of 35.56%; net income attributable to the parent company of 0.38 billion yuan, a year-on-year increase of 139.49%; net income attributable to non-parent shareholders of 0.364 billion yuan,