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Neway CNC Equipment (Suzhou)'s (SHSE:688697) Shareholders May Want To Dig Deeper Than Statutory Profit
Neway CNC Equipment (Suzhou) Co., Ltd.'s (SHSE:688697) robust recent earnings didn't do much to move the stock. We think this is due to investors looking beyond the statutory profits and being concer
Neway CNC (688697): Q1 performance is in line with expectations, the third and fourth phases of production expansion are progressing smoothly
Core view: 24Q1 revenue was in line with expectations, and impairment losses dragged down profit levels. According to the company's report for the first quarter of 2024, the company achieved operating income of 549 million yuan, an increase of 3.96% over the previous year; achieved zero net profit to mother
Dongwu Securities released a research report on April 26 stating that it gave Neway CNC (688697.SH) an increase in its holdings rating. The main reasons for the rating include: 1) continued growth in performance, which slowed slightly due to the base; 2)
Dongwu Securities released a research report on April 26 stating that it gave Neway CNC (688697.SH) an increase in its holdings rating. The main reasons for the rating include: 1) continued growth in performance, which slowed slightly due to the base; 2) gross sales margin remained stable, and net sales margin declined slightly; 3) continued increase in R&D to enhance product competitiveness, and free up space for growth. (Mainichi Keizai Shimbun)
Neway CNC (688697): 2023 overseas performance +112.99% High-end CNC equipment continues to be put into production
Incidents. The company released its 2023 annual report on March 26. In 2023, the company achieved a total operating income of 2,321 billion yuan, +25.76% year on year; realized net profit of 318 million yuan to mother, +21 million yuan year on year
Neway CNC (688697.SH) announced first-quarter results, net profit of 69.5514 million yuan, a year-on-year decrease of 3.03%
Neway CNC (688697.SH) disclosed its report for the first quarter of 2024. The company achieved operating income during the reporting period...
Neway CNC (688697): There was little change in performance in the first quarter, waiting for the boom to pick up
Brief performance review On April 25, 2024, the company released its quarterly report for the year 24. 1Q24 achieved operating income of 549 million yuan, an increase of 3.96% over the previous year, and realized net profit of 70 million yuan to mother, a decrease of 3.03% over the previous year. Business Analyst
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