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Fujian Torch Electron Technology (603678): The bottom recovery of special components creates a second growth curve with ceramic matrix composites.
Key points: The company is a major domestic supplier of special MLCC and a leading enterprise in New Materials in China, focusing on the three strategic Sectors of "components, New Materials, and international trade," establishing production bases in Quanzhou, Guangzhou, and Chengdu.
Soochow Securities: The performance has bottomed out in the third quarter of 2024, and the sluggish phase demand in the defense industry may improve.
In the first three quarters of 2024, the total operating income of the jungonghangye fell to 376.876 billion yuan, with a year-on-year growth rate turning negative for the first time at -4.85%. The net income attributable to the parent company also declined to 21.383 billion yuan, with the year-on-year growth rate dropping to -2.73%.
Express News | Fujian Torch Electron Technology: providing total financial assistance of not more than 0.18 billion yuan to its holding subsidiary Tianji Technology.
fujian torch electron technology (603678) 2024Q3 performance review: performance remains stable, focusing on the second growth curve of ceramic materials.
Performance Summary: In the first three quarters of 2024, the company achieved revenue of 2.15 billion yuan (-20.7%) and achieved a net income attributable to the parent company of 0.23 billion yuan (-22.6%), with corresponding EPS of 0.50 yuan, and non-GAAP net income attributable to the parent company 2.1 billion yuan.
Torch Electronics: Torch Electronics Report for the Third Quarter of 2024
Torch Electronics Report for the Third Quarter of 2024