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Should Weakness in Founder Technology Group Co.,Ltd.'s (SHSE:600601) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Founder Technology Group's semi-annual report for 2024
Summary of Founder Technology Group's 2024 Interim Report
Founder Technology Group (600601.SH): The net income in the first half of the year was 0.15 billion yuan, a year-on-year increase of 211.53%.
Gelonghui, August 22, Founder Technology Group (600601.SH) released its semi-annual report. During the reporting period, the company achieved revenue of 1.578 billion yuan; an 8.98% year-on-year growth; the net income attributable to shareholders of the company was 0.15 billion yuan, compared to 48.0469 million yuan in the same period last year, representing a 211.53% year-on-year increase. During the reporting period, with the rapid development of data centers, artificial intelligence, and other fields, the PCB market performed better than the same period last year. The company's PCB business, in line with its established development strategy, continuously enhances its operational management level, proactively responds to industry competition, and strives to improve operational efficiency. The company is forward-looking.
Returns Are Gaining Momentum At Founder Technology GroupLtd (SHSE:600601)
Founder Technology Group (600601.SH): Has the technology and mass production capacity of 400G and 800G in the switch field.
Founder Technology Group (600601.SH) recently stated during a visit by institutional investors that the company has both 400G and 800G technology and mass production capabilities in the field of switches.
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