603650 Red Avenue New Materials Group
- 28.24
- -0.20-0.70%
Red Avenue New Materials Group News
Tongcheng New Materials (603650.SH): Yu Tong, a shareholder holding more than 5% of the shares, invested to complete the repurchase of the company's shares
Gelonghui, May 13, 丨 Tongcheng New Materials (603650.SH) announced that as of May 13, 2024, Yutong Investment had purchased 1,187,900 shares of the company through centralized bidding transactions in the secondary market with self-financing, completed the promised repurchase, and will hand over all proceeds from the share repurchase to the listed company as soon as possible. After this repurchase, Yutong Investment held 31,394,623 shares of the company, accounting for 5.23% of the company's current total share capital.
Tongcheng New Materials (603650.SH): A total cost of 67.08 million yuan to buy back 0.42% of the shares
Gelonghui, May 7 | Tongcheng New Materials (603650.SH) announced that as of April 30, 2024, the company has repurchased 2,542,117 shares through centralized bidding transactions, accounting for 0.42% of the company's current total share capital. The highest purchase price is 29.53 yuan/share, the lowest price is 24.43 yuan/share, and the total amount paid is RMB 67,084,076.51 (excluding transaction fees such as stamp duty and transaction fees).
Red Avenue New Materials Group's (SHSE:603650) Five-year Total Shareholder Returns Outpace the Underlying Earnings Growth
When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses is one path to excess returns. To wit, the Red Avenue New Materials Group share p
Tongcheng New Materials (603650): 1Q24 performance exceeded expectations, various photoresist products will soon be released
Incident: On April 29, 2024, Tongcheng New Materials released its report for the first quarter of 2024. In the first quarter of 2024, the company achieved revenue of 782 million yuan, an increase of 17.57% over the previous year; achieved net profit to mother1.
Express News | Tongcheng New Materials: A new breakthrough has been made in the photoresist product line. It is expected that many ARF/ArFi products will gradually be mass-produced and introduced in the second half of the year
Tongcheng New Materials (603650.SH) announced first-quarter results, net profit of 144 million yuan, up 74.29% year on year
Tongcheng New Materials (603650.SH) released its report for the first quarter of 2024. The company's revenue was 7.82...
Tongcheng New Materials (603650): Significant increase in performance, photoresist creates second growth pole
Tongcheng New Materials released its 2023 annual report: the company achieved revenue of 2,944 billion yuan in 2023, an increase of 17.74% over the previous year; realized net profit of 407 million yuan, an increase of 36.37% over the previous year; achieved net deduction of not to mother
Minsheng Securities released a research report on April 25 stating that it gave Tongcheng New Materials (603650.SH) a recommended rating. The main reasons for the rating include: 1) strong growth in performance and continuous release of photoresist produc
Minsheng Securities released a research report on April 25 stating that it gave Tongcheng New Materials (603650.SH) a recommended rating. The main reasons for the rating include: 1) strong growth in performance and continuous release of photoresist products; 2) the Shanghai factory was completed and put into operation, highlighting cost control advantages; 3) the tire market is recovering, and the specialty rubber additives business is booming. (Mainichi Keizai Shimbun)
Tongcheng New Materials (603650): New products and new customers continue to break through, and ARF photoresist is expected to start in the second quarter
Incident: The company released its 2023 annual report, achieving operating income of 2,944 million yuan, yoy +17.74%; realized net profit of 407 million yuan, yoy +36.37%; realized net profit deducted from non-mother 3
Tongcheng New Materials (603650.SH) announced its 2023 annual results, with net profit of 407 million yuan, an increase of 36.37%
Tongcheng New Materials (603650.SH) released its 2023 annual report. During the reporting period, the company achieved revenue of 2,944 billion yuan, an increase of 17.74% over the previous year. Achieved net profit of 407 million yuan attributable to shareholders of listed companies, an increase of 36.37% over the previous year. Achieved net profit of 386 million yuan after deducting non-recurring profit and loss attributable to shareholders of listed companies, an increase of 82.29% over the previous year. Basic earnings per share were $0.68. It is proposed to distribute a cash dividend of 5.90 yuan (tax included) for every 10 shares to all shareholders.
Tongcheng New Materials (603650): Semiconductor photoresist bucking the trend to create a platform for electronic materials
Tongcheng New Materials released its 2023 annual report. In 2023, the company achieved revenue of 2.94 billion yuan, yoy +17.7%, net profit to mother of 407 million yuan, yoy +36.4%, a record high, including the electronic materials industry
The concept of lithography machine and photoresist went up and down in the afternoon
Gelonghui, April 19 | Tongcheng New Materials went up and down in a straight line. Wavelength Optoelectronics surged 10%, and Dongfang Jiasheng, Lan Ying Equipment, Yangfan New Materials, and Rongda Photosensitive rapidly followed suit. According to the news, global lithography giant Asmack's 2024 quarterly report shows that mainland China is the largest sales customer of ASML net systems, contributing 49% of the company's share. In the fourth quarter of last year, that percentage was only 39%.
Express News | There has been a shift in market style. Zhongman Petroleum frying pan, CNPC and CNOOC have declined markedly
Red Avenue New Materials Group (SHSE:603650) Is Reinvesting At Lower Rates Of Return
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding
Tongcheng New Materials (603650.SH): A total of 1,136,900 shares have been repurchased
Gelonghui, April 1 | Tongcheng New Materials (603650.SH) announced that as of March 29, 2024, the company had repurchased 1,136,900 shares through centralized bidding transactions, accounting for 0.19% of the company's current total share capital. The highest purchase price was 28.12 yuan/share, the lowest price was 25.72 yuan/share, and the total amount paid was RMB 29.991,000 (excluding transaction fees such as stamp duty and transaction commissions).
Declining Stock and Decent Financials: Is The Market Wrong About Red Avenue New Materials Group Co., Ltd. (SHSE:603650)?
With its stock down 15% over the past three months, it is easy to disregard Red Avenue New Materials Group (SHSE:603650). However, stock prices are usually driven by a company's financials over the
Tongcheng New Materials (603650.SH): Initial repurchase of 230,000 shares
Gelonghui, March 6, 丨 Tongcheng New Materials (603650.SH) announced that on March 6, 2024, the company repurchased 230,000 shares for the first time through centralized bidding transactions, accounting for 0.04% of the company's total share capital (calculated based on the company's total share capital as of March 5, 2024, 599,830,991 shares). The highest price for the repurchase transaction was 28.12 yuan/share, and the lowest price was 27.77 yuan/share. The total amount paid was 6,424,109.36 yuan (excluding transaction fees such as stamp duty and transaction fees).
Red Avenue New Materials Group Co., Ltd.'s (SHSE:603650) 25% Price Boost Is Out Of Tune With Earnings
Red Avenue New Materials Group Co., Ltd. (SHSE:603650) shareholders are no doubt pleased to see that the share price has bounced 25% in the last month, although it is still struggling to make up recen
Tongcheng New Materials (603650.SH): No share repurchase has been carried out
Gelonghui March 1 | Tongcheng New Materials (603650.SH) announced that as of February 29, 2024, the company had not repurchased shares.
Insiders Were the Key Beneficiaries as Red Avenue New Materials Group Co., Ltd.'s (SHSE:603650) Market Cap Rises to CN¥17b
Key Insights Significant insider control over Red Avenue New Materials Group implies vested interests in company growth The largest shareholder of the company is Ning Zhang with a 62% stake Owners
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