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Red Avenue New Materials' H1 Profit Jumps 40%, Revenue Climbs 15%
Summary of the 2024 half-year report of Red Avenue New Materials Group Co., Ltd.
Red Avenue New Materials Group Co., Ltd. 2024 semi-annual report
One makes a fortune while the other loses everything, the stark difference between two projects red avenue new materials group invested in four years ago | interpretations
①Red Avenue New Materials Group released its semi-annual report, with a net profit increase of over 40% in the first half of the year; ②The photoresist business in the first half of the year was the main driving force behind the company's growth, while the PBAT business saw a depreciation of over 94 million yuan in the first half of the year, dragging down the company's performance; ③Both the photoresist project and the PBAT project were started four years ago, and now the PBAT project is vastly different from the photoresist business.
Red Avenue New Materials Group (603650.SH) reported a net income of 0.313 billion yuan in the first half of the year, a year-on-year increase of 40.35%. It plans to distribute a dividend of 2.5 yuan per 10 shares.
Gelonghui, August 21st | Red Avenue New Materials Group (603650.SH) announced its 2024 interim report, with a revenue of 1.576 billion yuan, a year-on-year increase of 15.11%; a net income attributable to shareholders of the listed company of 0.313 billion yuan, a year-on-year increase of 40.35%; a net income attributable to shareholders of the listed company after deducting non-recurring gains and losses of 0.228 billion yuan, a year-on-year increase of 2.73%; and an EPS of 0.52 yuan. It plans to distribute a cash dividend of 2.50 yuan (including tax) to all shareholders for every 10 shares. The net income attributable to shareholders of the listed company for this reporting period increased by 40% compared to the same period last year.
The Three-year Shareholder Returns and Company Earnings Persist Lower as Red Avenue New Materials Group (SHSE:603650) Stock Falls a Further 7.5% in Past Week
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