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New Life (301323.SZ): The second phase of the Magnetic Materials Company construction project has been fully capped, and infrastructure work is expected to be completed in December 2024
On May 24, Gelonghui (301323.SZ) was surveyed by a specific target on May 24. “How was the construction of the second phase of the Magnetic Materials Company project, what are the main uses, and when was the construction completed?” The company replied that the second phase of the Magnetic Materials Company construction project officially started in October 2023, with a total construction area of over 110,000 square meters. It has been completely capped, and the infrastructure work is expected to be completed in December 2024. The new plant will be mainly used for three major fund-raising projects and R&D, including composite functional materials (magnetic materials, radiation protection materials, etc.), sensitive resistors, and new rare earth permanent magnetic materials
Guangzhou Newlife New Material CO., LTD's (SZSE:301323) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Guangzhou Newlife New Material's (SZSE:301323) stock is up by a considerable 27% over the past three months. As most would know, fundamentals are what usually guide market price movements over the l
New Life (301323.SZ): Net profit of 36.2892 million yuan in the first quarter increased 28.38% year-on-year
On April 26, GLONGHUI (301323.SZ) released its report for the first quarter of 2024. Operating income for the reporting period was 190 million yuan, up 15.75% year on year; net profit attributable to shareholders of listed companies was 36.2892 million yuan, up 28.38% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 34.1918 million yuan, up 33.01% year on year; basic earnings per share were 0.35 yuan.
New Life (301323.SZ): The company's products are not involved in the field of solid-state batteries
On April 12, GLONGHUI | New Life (301323.SZ) said on the investor interactive platform that the company's products are not involved in the field of solid-state batteries.
New Life (301323.SZ): The toroidal varistors produced are mainly used in DC brush micromotors
On April 3, GLONGHUI (301323.SZ) said on the investor interactive platform that the toroidal pressure sensitive resistors produced by the company are mainly used in DC brushed micromotors, and most of the large domestic and foreign micromotor manufacturers cooperate with us, such as Mabuchi Motor (Mabuchi Motor) and Minebea (Minebea), the top five micromotor manufacturers in the world.
New Life (301323.SZ): The overall capacity utilization rate is at a high level
GLONGHUI March 29丨New Life (301323.SZ) said on the investor interactive platform that the company's production and operation are normal, and the overall capacity utilization rate is at a high level.
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