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What Is North Industries Group Red Arrow Co., Ltd's (SZSE:000519) Share Price Doing?
Zhongbing Red Arrow: 2024 performance forecast
North Industries Group Red Arrow (000519.SZ): Expected loss of 0.21 billion yuan - 0.35 billion yuan in 2024.
On January 21, Gelonghui reported that North Industries Group Red Arrow (000519.SZ) expects a loss of 210 million to 350 million yuan in 2024, with a non-recurring loss of 235 million to 375 million yuan. The main reasons for changes in the company's operating performance during the reporting period are: first, the market competition in the super hard materials Sector has intensified, causing the sales prices of major products to decline overall in the first three quarters and stabilize in the fourth quarter, resulting in a significant decrease in the revenue and Net income of the super hard materials Sector year-on-year; second, the demand for some special equipment products has been clarified due to factors such as customer policies, product technical status, and supply of components.
North Industries Group Red Arrow (000519.SZ): Central South Diamond plans to open official flagship stores on Xiaohongshu and Weidian.
On January 17, Gelonghui reported that North Industries Group Red Arrow (000519.SZ) stated on the investor interaction platform that the development of the fourth generation of Diamond semiconductor applications is difficult and takes a long time, with countries around the world working on it. Some products are expected to be commercially available by the Fifteenth Five-Year Plan. Central South Diamond plans to open official flagship stores on Xiaohongshu and Weidian.
Research Reports Exploration | Founder Securities: Initiates a "Recommended" rating for North Industries Group Red Arrow, driven by dual engines of special equipment and superhard materials.
Fangzheng Securities Research Reports pointed out that North Industries Group Red Arrow (000519.SZ), as a core listed company under the Industrial Conglomerates, is a scarce symbol of smart ammunition with multiple competitive advantages such as group endorsement advantage, capability construction advantage, R&D advantage, and scale advantage. It is expected to open a new chapter of military product volume increase as downstream demand recovers. In terms of superhard materials, the company is actively responding to market cyclical adjustments by exchanging price for volume and continues to maintain the number one market share in industrial Diamond, and with the continued expansion of cultivated diamond demand, the company is expected to form new performance growth points. This is the first coverage, and a 'recommend' rating is given.
North Industries Group Red Arrow (SZSE:000519) Hasn't Managed To Accelerate Its Returns
Has North Industries Group Red Arrow Co., Ltd's (SZSE:000519) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
