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Shareholders Shouldn't Be Too Comfortable With Wedge IndustrialLtd's (SZSE:000534) Strong Earnings
Wanze Co., Ltd.: Report for the third quarter of 2024
Wedge Industrial (000534.SZ): The net income for the first three quarters was 0.139 billion yuan, a year-on-year increase of 13.36%.
Wedge Industrial (000534.SZ) announced its third quarter report for 2024 on October 30. The company achieved revenue of 0.777 billion yuan in the first three quarters, a year-on-year increase of 6.91%; net income attributable to the shareholders of the listed company was 0.139 billion yuan, a year-on-year increase of 13.36%; net income attributable to the shareholders of the listed company after deducting non-recurring gains and losses was 0.119 billion yuan, a year-on-year increase of 9.75%; and the basic earnings per share was 0.2806 yuan.
It is expected that relevant national authorities will establish a low-altitude economic regulatory bureau.
①The establishment decision has been approved, and the new bureau is currently in preparation; ② The low-altitude economy set up a dedicated bureau, which can better coordinate resources at all levels to promote industrial development.
Is Wedge IndustrialLtd (SZSE:000534) Using Too Much Debt?
Wanze Co., Ltd.: 2024 Semi-Annual Report Summary