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Yubang New Materials (301266.SZ): The net income for the fiscal year 2024 is expected to decrease by 72.25%-73.57%.
On January 21, Gelonghui reported that Yubang New Material (301266.SZ) announced its performance forecast for 2024. The net income attributable to shareholders of the listed company is expected to be between 40 million yuan and -42 million yuan, a decline of 72.25% to 73.57% compared to the same period last year; the net income after deducting non-recurring gains and losses is expected to be between 28 million yuan and -30 million yuan, a decline of 78.70% to 80.12% compared to the same period last year. During the reporting period, the photovoltaic industry experienced a state of increased volume but decreased prices. In terms of market demand, global new installed capacity demand maintains a certain growth rate. According to the data released by the National Energy Administration.
Yubang New Materials: 2024 Annual Performance Forecast
The sudden production cuts by leading silicon material manufacturers are expected to drive price and profitability recovery through industry self-discipline.
On the evening of December 24th, Tongwei Co., Ltd and Daqo Energy announced via their official accounts that to actively respond to the spirit of the Central Economic Work Conference and to eliminate "involution" vicious competition, the two silicon material companies will carry out orderly production cuts and production control. A research report from Huachuang Securities pointed out that if the subsequent industry self-discipline agreement progresses smoothly, the current supply and demand surplus is expected to be significantly alleviated, driving price and profit recovery.
Private Companies Invested in Suzhou YourBest New-type Materials Co.,Ltd. (SZSE:301266) Copped the Brunt of Last Week's CN¥879m Market Cap Decline
Yubang New Materials (301266.SZ): Currently, the main business does not involve conductive silver paste products.
Gelonghui November 18th丨Yubang New Materials (301266.SZ) stated on the investor interaction platform that the company's current main business does not involve silver paste products.
Earnings Troubles May Signal Larger Issues for Suzhou YourBest New-type MaterialsLtd (SZSE:301266) Shareholders
