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Here's Why We Think Jiangsu General Science Technology (SHSE:601500) Is Well Worth Watching
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story even if these companies are loss-making. But as Peter Lynch said in One Up On
Jiangsu General Technology Co., Ltd. announces an increase in performance forecast for the first half of 2024.
Jiangsu General Science Technology (601500.SH): It is expected that the non-recurring net income for the first half of the year will increase by 479.6% to 546.47% year-on-year.
On July 8th, GeLongHui reported that Jiangsu General Science Technology (601500.SH) estimated that the net income attributable to shareholders of the listed company in the first half of 2024 would be between 0.27 billion yuan and 0.3 billion yuan, a year-on-year increase of 364.86% to 416.51%. The estimated net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses in the first half of 2024 is expected to be between 0.26 billion yuan and 0.29 billion yuan, a year-on-year increase of 479.60% to 546.47%. During the reporting period, benefiting from the growth of domestic auto industry production and sales and the strong demand for overseas tire market, the company actively grasps the opportunity in the industry.
Jiangsu General Science Technology's (SHSE:601500) Underlying Earnings Growth Outpaced the Respectable Return Generated for Shareholders Over the Past Year
It might be of some concern to shareholders to see the Jiangsu General Science Technology Co., Ltd. (SHSE:601500) share price down 12% in the last month. But looking back over the last year, the re
Jiangsu General Science Technology (601500.SH) will distribute 0.056 yuan per share for the year 2023, with a record date of June 26th.
Jiangsu General Science Technology (601500.SH) released an announcement that the company will implement annual equity distribution in 2023 and distribute a cash dividend of 0.056 yuan per share (including tax) to all shareholders of the company on June 26th.
Jiangsu General Science Technology (601500.SH): Currently, the company's overseas semi-steel tire orders continue to be in short supply.
Jiangsu General Science Technology (601500.SH) stated on the investor interaction platform on June 19th that with the continuous improvement of the company's competitiveness in semi-steel tire products, the overseas semi-steel tire orders of the company's overseas base are currently in short supply. In order to seize the development opportunity of overseas markets and further meet customer needs, the company has changed the construction content of the second phase expansion project in Thailand to an annual production of 10 million semi-steel radial tire project, which is expected to be put into production at the end of June this year.
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