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New East New Materials (603110.SH): In 2024, the gross profit margin of the computing power Business will not exceed 7% of the total gross profit.
On April 16th, Gelonghui reported that New East New Materials (603110.SH) announced that its main business consists of traditional operations such as ink and polyurethane adhesives. According to preliminary calculations by the company's finance department, the revenue from the computing power business for 2024 will account for no more than 7% of the total revenue from its main business; and the gross profit from the computing power business for 2024 will account for no more than 7% of the total gross profit.
New East New Materials (603110.SH): A portion of the company shares held by the controlling shareholder and actual controller Xu Guangbin will be auctioned off judicially.
Gelonghui reported on April 10 that New East New Materials (603110.SH) announced that the company recently learned through the Alibaba judicial auction online platform that the People's Court of Binhu District, Wuxi City, Jiangsu Province, will conduct a public auction of 1,500,000 unrestricted tradable shares held by Mr. Xu Guangbin and 12,000,000 unrestricted tradable shares held by Mr. Xu Guangbin from 10:00 on May 12, 2025, to 10:00 on May 13, 2025 (subject to extensions) on the Alibaba judicial auction online platform.
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New East New Materials (603110.SH): No cooperation with Huawei Cloud, Alibaba Cloud, and Tencent Cloud.
Gelonghui, March 25, New East New Materials (603110.SH) stated on the interactive platform that currently there is no cooperation with Huawei Cloud, Alibaba Cloud, and Tencent Cloud.
New East New Materials (603110.SH): Currently, the company's intelligent computing integrated machine business has not generated any revenue.
Gelonghui reported on March 25 that New East New Materials (603110.SH) stated on the interactive platform that currently, the company's intelligent computing integrated machine Business has not generated any revenue.
These Return Metrics Don't Make New East New Materials (SHSE:603110) Look Too Strong
