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zhejiang Rongtai (603119.SH): Export tariffs are to be borne by the customers themselves.
On November 29, Gelonghui reported that zhejiang Rongtai (603119.SH) stated on the interactive platform that according to the cooperation agreement with customers, the export tariff portion is to be borne by the customer (buyer) themselves.
Zhejiang Rongtai (603119): Performance maintains high-speed growth, product expansion is expected to exceed market expectations.
Event: Zhejiang Rongtai released the third quarter report of 2024 on October 30, 2024. The non-GAAP net income for Q1-Q3 in 2024 increased by 46.3% year-on-year, with a high net margin of 20.6%. 1) Q1-
Zhejiang Rongtai (603119): Continuous validation of alpha at the shipping end, profitability restored.
Zhejiang Rongtai released its third-quarter report for 2024, achieving revenue of 0.311 billion yuan in 2024 Q3, an increase of 33% year-on-year and 10% quarter-on-quarter; net profit attributable to shareholders was 0.066 billion yuan, an increase of 36% year-on-year and 2% quarter-on-quarter.
Zhejiang Rongtai (603119): Calm in honor and disgrace, a platform-type company in the field of temperature-resistant insulation.
Mica materials are thermal runaway safety components with high customization properties, similar to Tier 1 auto parts. The company is driven by technological process innovation and has gained recognition from many auto manufacturers. The growth points of the company are: 1) Category extension, ASP improvement;
Zhejiang Rongtai (603119.SH): Some products have been supplied to overseas manufacturers of siasun robot&automation through direct or indirect business channels, or for the development of related products.
On November 7th, Zhejiang Rongtai (603119.SH) stated on the interactive platform that the company has supplied products to overseas manufacturers of siasun robot&automation through direct or indirect business channels, or carried out related product development business. Due to confidentiality requirements, specific relevant information cannot be disclosed at present. As of now, the sales of related products are low, accounting for a small proportion, and will not have a significant impact on the company's net income for the current year.
Zhejiang Rongtai Electrical Equipment Co., Ltd. Report for the Third Quarter of 2024
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