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Express News | Overview of restricted stock release in A-shares: restricted stocks with a market cap of 4.117 billion yuan are released today.
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Shangsheng Electronics (688533): Q3 performance exceeds expectations, significant improvement in profitability.
Report Summary: The company's performance in the third quarter of 2024 exceeded expectations, with new projects ramping up and the digestion of previous high stock price inventory materials. The company's income performance is rapidly increasing, and its profitability continues to improve. Investment Highlights: Maintaining a shareholding rating, raising the target price to
Shangsheng Electronics (688533): Revenue and profit hit a quarterly record high as the new brand gains momentum and increases in volume.
The company's performance in Q3 2024 exceeded our expectations. The company announced its Q3 2024 performance, achieving revenues of 0.756 billion yuan, +20.1% year-on-year, +18.0% quarter-on-quarter; net income attributable to shareholders was 0.078 billion yuan, +116.9% year-on-year,
Shangsheng Electronics (688533) 3Q24: Achieved the highest gross margin in nearly three years.
In the third quarter of 2024, revenue grew steadily, and profitability exceeded expectations. Shengdian Electronics' third-quarter revenue was 0.756 billion yuan (+20.09% year-on-year, +17.98% quarter-on-quarter), with a gross margin reaching 28.79% (+3.9% year-on-year).
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