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Anhui Zhongyuan New Materials (603527.SH): A subsidiary, Anhui Zhongyuan New Energy, is the main supplier of Chery V23 battery trays.
Gelonghui October 24th | Anhui Zhongyuan New Materials (603527.SH) stated on the investor interactive platform that its holding subsidiary Anhui Zhongyuan New Energy is the main supplier of Chery V23 battery trays.
Zhongyuan New Materials Report for the Third Quarter of 2024
Zhongyuan New Materials Announces Major Operating Data for the First Three Quarters of 2024
Anhui Zhongyuan New Materials (603527.SH) released its performance for the first three quarters, with a net income of 91.6705 million yuan, a year-on-year increase of 2.83%.
Anhui Zhongyuan New Materials (603527.SH) released the third quarter report for the year 2024, during the reporting period the company achieved revenue...
Anhui Zhongyuan New Materials (603527.SH): The net income for the first three quarters was 91.6505 million yuan, a year-on-year increase of 2.83%.
On October 21, Zhongyuan New Materials (603527.SH) announced that the company achieved revenue of 6.648 billion yuan in the first three quarters, a year-on-year increase of 20.31%; net income attributable to shareholders of the listed company was 91.6505 million yuan, a year-on-year increase of 2.83%; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 72.3157 million yuan, a year-on-year decrease of 10.13%; and basic earnings per share were 0.29 yuan.
Anhui Zhongyuan New Materials (603527.SH): The rise in copper prices is due to the rise in the price of raw material electrolytic copper, which does not have a positive impact on the company's performance.
Gelonghui Oct 17th | Anhui Zhongyuan New Materials (603527.SH) recently stated at an online meeting that the company's main products are purple copper plate, strip, and foil materials, with the raw material being electrolytic copper. The increase in copper price is due to the rise in the price of raw material electrolytic copper, which does not contribute to the company's performance growth, nor does it drive an increase in processing fees. The pricing model for the company's products is based on the copper price plus processing fees. While customers set prices with us, we purchase electrolytic copper to effectively hedge against the fluctuation risk of electrolytic copper prices. However, the cost increase brought about by the rise in copper prices will bring certain pressure to the company's liquidity, raising the cost of funds.
The Market Doesn't Like What It Sees From Anhui Zhongyuan New Materials Co., Ltd.'s (SHSE:603527) Earnings Yet As Shares Tumble 25%No Data
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