Shanghai Shunho New Materials TechnologyLtd (SZSE:002565) Might Have The Makings Of A Multi-Bagger

Simply Wall StOct 31 19:55 ET

Shunhao Co., Ltd.: Report for the third quarter of 2024

SZSIOct 28 12:00 ET · Announcements

Shanghai Shunho New Materials Technology (002565.SZ) released its performance for the first three quarters, with a net income of 55.963 million yuan, a year-on-year increase of 117.80%.

Shanghai Shunho New Materials Technology (002565.SZ) released the third quarter report of 2024. In the first three quarters, the company achieved revenue...

Zhitong FinanceOct 28 06:15 ET

The State Tobacco Monopoly Administration has released new regulations on electronic cigarettes, and there is expected to be further improvement in market share for leading companies.

The State Tobacco Monopoly Administration issued a notice on the revision and implementation of the Regulations on the Management of Electronic Cigarette Transactions. The notice mentions that the competent administrative department of tobacco monopoly of the State Council will establish a nationwide unified electronic cigarette trading management platform. Caitong Securities' Lv Mingzhang pointed out that in the long term, non-compliant products will gradually be cleared, and market share is expected to further concentrate, which is bullish for leading companies in production, brand and other aspects.

cls.cnSep 2 19:47 ET

Shanghai Shunho New Materials Technology Co.,Ltd.'s (SZSE:002565) Shareholders Might Be Looking For Exit

Simply Wall StAug 22 21:39 ET

Shanghai Shunho New Materials Technology (002565.SZ) is actively carrying out research and development, production, and branding work for new tobacco products.

Shanghai Shunho New Materials Technology (002565.SZ) stated on the investor interaction platform on August 21 that new tobacco has always been an important part of the company's global strategy. The company is actively conducting research and development, production, and brand work on new tobacco products, while increasing sales channels and optimizing market layout. Currently, the revenue recognition method for the new tobacco business of the company has been changed from the "overall amount method" to the "net amount method". The revenue for the new tobacco business in the first half of 2024 was 2,700,885.54 yuan, and due to the impact of competition in the new tobacco market, the company's revenue from new tobacco products has decreased.

Gelonghui FinanceAug 21 06:49 ET