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We Believe Shengtak New Material's (SZSE:300881) Earnings Are A Poor Guide For Its Profitability
Shengde Xintai: Report for the third quarter of 2024
The demand for ultra-supercritical coal-fired power units in the downstream continues to grow. Shengtak New Materials' Q3 performance doubles interpretations.
① shengtak new materials' performance in the first three quarters increased by 166.30% year-on-year, and the company's performance in the third quarter increased by 231.61% year-on-year, with performance growth continuing to rise. ② Company officials stated that the main reason for the performance growth is the demand from the downstream thermal power boiler market. Currently, the company's orders are sufficient, and the inclusion of Jiangsu Ruimei is also one of the reasons for the performance growth.
Does Shengtak New Material (SZSE:300881) Deserve A Spot On Your Watchlist?
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