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Q3 major product sales prices have noticeably recovered. grace fabric technology: In the first three quarters, some electronic fabric product prices are still at the bottom | Direct report on the earnings conference.
① grace fabric technology stated that in the first three quarters of this year, the product prices in the electronic fabric industry have partially recovered due to the increase in market demand, but some product prices are still at historical lows. ② The company's director and general manager, Mao Jiaming, mentioned that in the future, with the recovery of consumer confidence, advancements in the technology of end products and the development of new application areas will drive product prices and sales to rise.
Grace Fabric Technology (603256): Both average price and profitability have improved. Keep an eye on new applications.
Investment Highlights: The company announced its 2024 third quarter report, with revenue of 0.62 billion yuan in Q1-3 24, a year-on-year increase of +24.6%. Net income attributable to the parent company is 0.008 billion yuan, turning losses compared to the same period, while non-net profit attributable to the parent company is -0.002 billion yuan, resulting in a loss.
Grace Fabric Technology (603256): Gross margin significantly increased year-on-year, with strong demand for downstream consumer electronics & AI servers.
The company achieved a net income attributable to the mother of 0.007 billion yuan in the third quarter, turning losses year-on-year. The company released its third quarter report for the 24th year, achieving an income of 0.619 billion yuan in the first three quarters, up by 24.55% year-on-year, and achieving a net income attributable to the mother of 0.008 billion yuan, turning losses year-on-year.
Honghe Technology Report for the Third Quarter of 2024
Honghe Technology Announces Major Operating Data for the Third Quarter of 2024
Grace Fabric Technology (603256.SH) released its performance for the first three quarters, with a net income of 7.7268 million yuan.
Grace Fabric Technology (603256.SH) released the report for the first three quarters of 2024, during the reporting period the company achieved revenue...
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