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Fujian Torch Electron Technology (603678): The recovery of special components has started, and ceramic matrix composites are building a second growth curve.
Key points: The company disclosed its annual report for 2024, achieving revenue of 2.802 billion yuan (down 20.0% year-on-year), net income attributable to shareholders of 0.195 billion yuan (down 38.9% year-on-year), and adjusted net income of 1. 6.9 billion yuan (
Fujian Torch Electron Technology (603678): The new inventory cycle is expected to drive performance growth, while the demand for New Materials may bring about a recovery.
Event: The company released the 2024 annual report, achieving total revenue of 2.802 billion yuan, down 20.04% year-on-year; achieving a net income attributable to shareholders of 0.195 billion yuan, down 38.9% year-on-year. It is believed that the revenue in 2024 is under pressure mainly due to
Express News | Military Industry electronics concept stocks have fluctuated and fallen, with Fujian Torch Electron Technology and other stocks dropping over 5%.
Express News | The Military Industry Sector experiences fluctuations and rises, Fujian Torch Electron Technology reaches the price limit.
Fujian Torch Electron Technology (603678) 2024 Annual Report Commentary: The turning point has arrived, Bullish on performance recovery. The fourth phase of the employee stock ownership plan has been released.
Event: The company released its 2024 annual report, achieving revenue of 2.802 billion yuan in 2024, a year-on-year decrease of 20.04%; net income attributable to the parent company was 0.195 billion yuan, a year-on-year decrease of 38.90%. Investment highlights include intensifying market competition.
Fujian Torch Electron Technology (603678) 2024 annual report review: Dual drive of components and Silicon Carbide fibers.
Performance summary: In 2024, the company achieved revenue of 2.8 billion yuan (-20.0%), and net income attributable to the parent company of 0.195 billion yuan (-38.9%), corresponding to an EPS of 0.43 yuan, with non-recurring net income attributable to the parent company being 1.6.