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Huarui Precision (688059): New product launch sets the tone for the high-end market, with a potential profit margin turning point expected in 2025.
Company's recent situation: The company held a new product launch conference for 2024 on December 20, introducing three major product categories: the Kirin series, the CNC turning blade G series, and the U series integral tools, laying the foundation for high-end product upgrades in 2025.
Express News | This month, 25 listed companies announced that Shareholders had reduced their Shareholding to 5% or below. The next day, Shanghai New World hit the limit down.
Zhuzhou Huarui Precision Cutting Tools Invests in German Unit to Boost Competitiveness
Express News | Huarui Precision: Intends to invest in the establishment of a subsidiary in Hong Kong and a branch company in Germany.
Express News | Galaxy Securities: Recommended rating for the 3C equipment industry, with smart phone innovation driving the capital expenditure cycle.
Huarui Precision (688059) 2024 Third Quarter Report Review: Short-term performance under pressure, waiting patiently for manufacturing industry recovery and demand rebound.
Key investment points: Against the backdrop of a sluggish manufacturing industry, the Q3 performance declined slightly: From 2024 Q1 to Q3, the company achieved revenue of 0.585 billion yuan, a year-on-year decrease of 0.52%; net income attributable to shareholders was 0.077 billion yuan, a year-on-year decrease of 27.06%.
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