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Some Investors May Be Willing To Look Past Shinghwa Advanced Material Group's (SHSE:603026) Soft Earnings
Shinghwa Advanced Material Group Co., Ltd.'s (SHSE:603026) recent soft profit numbers didn't appear to worry shareholders, as the stock price showed strength. However, we think the company is showing
Express News | Shenghua New Materials: Net profit from mother for the first quarter was 27.69 million yuan, up 246.44% year-on-year
Ten listed companies disclosed a pre-market increase in first-quarter results or pre-profit announcements, Shenghua New Materials had the highest year-on-year advance increase of 313%
As of press release, according to incomplete statistics, 10 listed companies, including Shenghua New Materials, Tiandeyu, Xuantai Pharmaceutical, Lishang Guochao, Zhaomin Technology, Zhongwei Co., Ltd., Baiwei Storage, Tiantie Co., Ltd., Stevie, and Jialong Co., Ltd. disclosed pre-performance increases or pre-profit announcements for the first quarter of 2024 after the market. Among them, four listed companies, Shenghua Xincai, Tiandeyu, Xuantai Pharmaceutical, and Lishang Guochao, expect their net profit to increase by up to 100% year-on-year in the first quarter. Small financial note: At the end of the same stock market, Baoding Technology won 3 consecutive boards, and Baoding Technology won 2 boards in 3 days. Ganneng Co., Ltd., Rongtai Health, and Zhengdan Co., Ltd. disclosed pre-market performance announcements after trading on Monday. Today, Ganneng shares closed
Express News | Shenghua New Materials: The net profit for the first quarter of 2024 is expected to increase 175.25% to 312.88% year-on-year from 22 million yuan to 33 million yuan
Orient Securities: Oil changes drive increased demand for solvents, and solvent prices are expected to continue to rise
The Zhitong Finance App learned that Orient Securities released a research report saying that in 2023, the growth rate of demand for lithium batteries in midstream inventory has slowed, and solvent companies' operating rates have decreased and profits have entered a downward channel. Currently, solvent prices have bottomed out for about a year. Currently, they are at the bottom of the solvent industry. Recently, fuel transfer has driven an increase in solvent demand, and demand for lithium batteries has recovered. Solvent prices are expected to continue to rise, and solvent companies' profits are expected to continue to improve. It is recommended to focus on Shenghua New Materials (603026.SH) and Haike Xinyuan (301292.SZ), which are leaders in the solvent industry. Orient Securities's main opinion is as follows: the price of electrolyte solvents has bottomed out and rebounded.
Improved Revenues Required Before Shinghwa Advanced Material Group Co., Ltd. (SHSE:603026) Stock's 28% Jump Looks Justified
Shinghwa Advanced Material Group Co., Ltd. (SHSE:603026) shares have had a really impressive month, gaining 28% after a shaky period beforehand. Not all shareholders will be feeling jubilant, since
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