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Guosen: Weak recovery of end demand in textile manufacturing, focus on companies improving capacity layout.
Currently, the optimization of brand inventory has led to a rebound in sector orders and an improvement in capacity utilization, driving many companies to achieve better-than-expected performance.
Zhe Jiang Taihua New Material (603055): Continued prosperity in nylon demand.
The company released its third quarterly report, with Q3 revenue of 1.8 billion, a 34% year-on-year increase, mainly due to the growth in sales volume. Net profit attributable to equity holders increased by 35% to 0.19 billion, mainly due to the growth in revenue and the improvement in gross margin. After deducting non-recurring gains and losses, net profit attributable to equity holders was 1.5 billion.
Zhe Jiang Taihua New Material (603055): Performance meets expectations, chemical recycling receives GRS certification.
The company released its third quarter report, achieving revenue of 5.18 billion yuan in the first three quarters of 2024, a year-on-year increase of 47%; achieving a net income attributable to the parent company of 0.62 billion yuan, a year-on-year increase of 89%. Looking at a single quarter, in 2024 Q3, the company achieved revenue of 17 billion.
GTJA: In Q3 24, the operation of the outfits brand has hit bottom, and textile manufacturing shows relatively strong resilience.
With the cooling catalyzing, clothing terminal sales gradually improved, the overlap of the National Day holiday in October with the singles' day sales bullish for the winter clothing sales, Q4 clothing sales are expected to marginally improve.
Zhe Jiang Taihua New Material (603055): The third-quarter revenue increased by 34%, with high prosperity in the downstream outdoor apparel track.
The downstream high prosperity drives continuous rapid growth in revenue, with a 34% year-on-year increase in the third quarter, and net income maintaining synchronous growth. The company is a leading producer of integrated nylon. In the third quarter of 2024, on the basis of the high base in the previous year, the company's revenue remained the same.
Taihua New Materials: Zhejiang Taihua New Materials Group Co., Ltd. Report for the Third Quarter of 2024
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