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 operating income of 2...
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
Tongcheng New Materials (603650.SH): Yutong Investment reduced its holdings by a total of 5,523,300 shares. The plan to reduce its holdings has been implemented
Gelonghui, Feb. 23丨Tongcheng New Materials (603650.SH) announced that the company recently received a “Notice Letter on the Completion of Shareholding Reduction” from Yu Tong Investment and learned that from September 22, 2023 to January 4, 2024, it reduced its holdings by a total of 5.523,300 shares through centralized bidding transactions. Since the last time the simplified equity change report was disclosed (January 5, 2024), the holdings reduction plan has been completed.
Earnings Are Growing at Red Avenue New Materials Group (SHSE:603650) but Shareholders Still Don't Like Its Prospects
It's easy to match the overall market return by buying an index fund. When you buy individual stocks, you can make higher profits, but you also face the risk of under-performance. Investors in Red A
Tongcheng New Materials (603650.SH): Virgin Holdings Limited's plan to reduce its holdings by 1.65% has been implemented
Gelonghui, January 26丨Tongcheng New Materials (603650.SH) announced that the company recently received the “Notice Letter on the Completion of Shareholding Reduction” from Virgin Holdings Limited and learned that from July 11, 2023 to January 19, 2024, it reduced its holdings of the company's shares by 9.8962 million shares through centralized bidding transactions and bulk transactions, reducing holdings by 1.65%. The implementation of this holdings reduction plan has been completed.
Red Avenue New Materials Group Co., Ltd. (SHSE:603650) Investors Are Less Pessimistic Than Expected
When close to half the companies in China have price-to-earnings ratios (or "P/E's") below 33x, you may consider Red Avenue New Materials Group Co., Ltd. (SHSE:603650) as a stock to potentially avoid
Tongcheng New Materials (603650.SH): Arf photoresist is expected to be verified and shipped in the first half of this year
Gelonghui, January 10 | Tongcheng New Materials (603650.SH) said on an interactive platform that the company will disclose the progress of the acquisition in accordance with regulations. Arf photoresists are expected to be validated and shipped in the first half of this year.
SDIC Securities: The demand for localization of high-end semiconductor photoresists is urgently recommended to focus on relevant targets
Currently, domestic manufacturers are actively deploying photoresists and their upstream material supply chains, and high-end “stuck neck” products are expected to break through at an accelerated pace.
Be Wary Of Red Avenue New Materials Group (SHSE:603650) And Its Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Amongst other things, we'll want to see two things; firstly, a growing return on
Are Red Avenue New Materials Group Co., Ltd.'s (SHSE:603650) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
With its stock down 9.4% over the past month, it is easy to disregard Red Avenue New Materials Group (SHSE:603650). But if you pay close attention, you might find that its key financial indicators l
Tongcheng New Materials (603650.SH): Recent sales of tyre-related materials have been good
Gelonghui November 27丨Tongcheng New Materials (603650.SH) said on an interactive platform that the company's recent sales of tire materials have been good.
Red Avenue New Materials Group Co., Ltd. (SHSE:603650) Insiders, Who Hold 64% of the Firm Would Be Disappointed by the Recent Pullback
Key Insights Red Avenue New Materials Group's significant insider ownership suggests inherent interests in company's expansion The largest shareholder of the company is Ning Zhang with a 64% stake
Is Red Avenue New Materials Group (SHSE:603650) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will
[BT Financial Report Instantaneous Analysis] Tongcheng Xincai's 2023 Three-Quarter Report: Net profit has increased steadily, and operating income has increased significantly
This financial report was announced on 2023-10-25 16:34:10 Tongcheng New Materials (stock code: 603650) is a leading global integrated service provider of new materials, mainly engaged in R&D, production, sales and related trade of new materials. The company's main business includes three segments: special materials for automobiles/tires, electronic materials, and fully biodegradable materials. As the world's largest supplier of special materials for tires, the company has established long-term and stable business cooperation with domestic and foreign tire companies. Our customers cover the world's top 75 tire companies, including well-known international tire companies such as Bridgestone, Michelin, and Goodyear.
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