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Is CNGR Advanced MaterialLtd (SZSE:300919) A Risky Investment?
Soochow: The supply and demand reversal in the lithium battery industry is imminent, and a bullish outlook is strong.
Soochow Securities stated that the demand in the lithium battery industry has exceeded expectations, with a non-weak season from November to December. The demand for 2025 has been revised up to over 30% growth, and the current valuation is at the profit bottom. Industry leaders are showcasing significant technological innovation and cost advantages, with profitability set to recover first. A supply-demand reversal is imminent, and there is strong bullish sentiment.
cngr advanced material (300919.SZ): There are no outstanding debts or overdue receivables with the European battery manufacturer Northvolt.
On November 26, Gelonghui reported that cngr advanced material (300919.SZ) stated on the investor interaction platform that there are no outstanding payments or overdue receivables with the European battery manufacturer Northvolt. The company places great importance on managing accounts receivable, regularly conducting risk analysis and special collections to effectively shorten the accounts receivable period. As of September 30, 2024, the company’s cash flow from operating activities (cfo) net amount was 2.868 billion yuan, a year-on-year increase of 31.37%.
Cngr Advanced Material (300919.SZ): has business cooperation with solid state battery customers both domestically and internationally, and has passed relevant certifications and achieved supply of tens of tons and above.
On November 26, Glonghui reported that cngr advanced material (300919.SZ) stated on the investor interaction platform that solid state batteries are currently the focal point of the nengyuanhangye. Compared to existing battery technologies, solid state batteries mainly differ in the form of electrolytes. The company has consistently emphasized the reserve of cutting-edge technologies and the progress of industrialization, engaging in joint technological research and development with positive electrode, battery, and complete vehicle manufacturers over the long term, and actively building research and development platforms with universities and research institutions. Currently, the company has business cooperation with solid state battery customers both domestically and internationally, has passed relevant certifications, and achieved supply of over tens of tons.
Should You Think About Buying CNGR Advanced Material Co.,Ltd. (SZSE:300919) Now?
cngr advanced material (300919.SZ): Repurchased 0.6009 million shares for a total expenditure of 24.1896 million yuan.
On November 18, Gelonhui reported that cngr advanced material (300919.SZ) announced that on November 15, 2024, the company repurchased shares for the first time through a share repurchase special securities account in a centralized auction trading manner. As of November 18, 2024, the company has repurchased a total of 600,900 shares through the share repurchase special securities account in a centralized auction trading manner, accounting for approximately 0.06% of the company's total existing share capital. The highest fill price was 41.21 yuan per share, the lowest fill price was 39.41 yuan per share, and the total fill amount was 24,189,567.20 yuan (excluding commission, transfer fees, etc.).
What Does CNGR Advanced Material Co.,Ltd.'s (SZSE:300919) Share Price Indicate?
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