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Huayi Technology: Shanghai Huayi Technology Group Co., Ltd. Report for the Third Quarter of 2024
Shanghai Huayi Technology Group Co., Ltd. Report for the Third Quarter of 2024
Hua Yi Technology (688071.SH): a net loss of 29.3792 million yuan in the first three quarters.
Geelong 30th October | HuaYi Technology (688071.SH) announced that in the first three quarters of 2024, revenue reached 0.297 billion yuan, an increase of 22.48% year-on-year; net income attributable to the company's shareholders was -29.3792 million yuan, with a basic earnings per share of -0.35 yuan.
Huayi Technology (688071): short-term pressure on expenses, waiting for the landing of reserve projects.
The company announced its interim report: In the first half of 2024, the revenue was 0.18 billion yuan, a year-on-year increase of +13.3%; the net income attributable to the parent company was -31.73 million yuan, compared to -2.24 million yuan in the same period of 2023; non-net income after deductions
Huayi Technology: High-precision inertial navigation products are being delivered in large quantities, and the IMU business in the flying car field is being actively developed. | Direct hit on the earnings conference
In recent years, Huayi Technology's net income has been continuously declining and fluctuating greatly. From the fourth quarter of 2023 to the second quarter of this year, it has incurred losses for three consecutive quarters. Chairman and CEO of Huayi Technology, Li Yin, stated at the performance briefing that the high-precision inertial navigation products for smart automobiles have been delivered in large quantities, and the company is also positioning itself in the IMU business in the flying automobile field.
Huayi Technology (688071.SH): Did not repurchase shares in August.
On August 2, 2024, Hua Yi Technology (688071.SH) announced that the company did not repurchase shares through the Shanghai Stock Exchange trading system in August 2024 using the centralized bidding trading method. As of August 31, 2024, the company has repurchased a total of 306,893 shares of the company through the Shanghai Stock Exchange trading system using the centralized bidding trading method, accounting for 0.36% of the company's total share capital of 84,789,724 shares. The highest price of repurchase transaction was 49.08 yuan/share, the lowest price was 23.38 yuan/share, and the total amount of funds paid was RMB 10,599,050.2.
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