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Shangtai Technology (001301): Negative electrode production and sales ranked in the top five in '23. Profitability declined but was relatively strong
In 2023, the company achieved revenue of 4.39 billion yuan, a decrease of 8.2%; net profit attributable to mother was 720 million yuan, a decrease of 44%; net profit after deducting non-return to mother was 710 million yuan, a decrease of 44%; and cash flow from operating activities - 420 million yuan.
Shangtai Technology (001301): Single-ton profit in the first quarter exceeded expectations, and the iteration of high-performance products accelerated
Incidents. On April 24, 2024, the company released its 2023 annual report and 2024 quarterly report. In '23, the company achieved annual revenue of 4.391 billion yuan, a year-on-year change of -8.18%, and a net profit of 7.
Minsheng Securities released a research report on April 26 stating that it gave Shangtai Technology (001301.SZ) a recommended rating. The main reasons for the rating include: 1) 24Q1 performance split; 2) the profit level of a single ton of anodes exceede
Minsheng Securities released a research report on April 26 stating that it gave Shangtai Technology (001301.SZ) a recommended rating. The main reasons for the rating include: 1) 24Q1 performance split; 2) the profit level of a single ton of anodes exceeded expectations; 3) focusing on technological innovation and speeding up product iteration. (Mainichi Keizai Shimbun)
Shangtai Technology (001301): 4Q23 gross margin bottomed out and rebounded
Product prices declined, and net profit to mother fell year-on-year in 2023. In 2023, the company achieved revenue of 4.391 billion yuan, -8.18% year over year, and net profit to mother of 723 million yuan, or -43.94% year on year. Net profit due to the year-on-year decline.
Shangtai Technology (001301): Q1 performance exceeds market expectations and profits continue to outperform peers
Q4 results were in line with expectations, and Q1 earnings exceeded expectations. The company's revenue for 23 years was 4.4 billion yuan, -8%; net profit to mother was 720 million yuan, same -44%, gross profit margin 28%, same decrease of 14pct, net profit margin 16%, same decrease of 10p
Dongwu Securities released a research report on April 25 stating that it gave Shangtai Technology (001301.SZ) a purchase rating, and the target price was 53.8 yuan. The main reasons for the rating include: 1) Q4 results were in line with expectations, and
Dongwu Securities released a research report on April 25 stating that it gave Shangtai Technology (001301.SZ) a purchase rating, and the target price was 53.8 yuan. The main reasons for the rating include: 1) Q4 results were in line with expectations, and Q1 profit exceeded expectations; 2) demand recovered markedly from March, and shipments were expected to increase 40% in 24; 3) Q1 unit profit exceeded expectations, and unit profit for the whole year is expected to remain at 0.35,000/ton; 4) inventory maintained at a reasonable level, and Q1 impairment losses partially recovered. (Mainichi Keizai Shimbun)
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