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Hangzhou First Applied Material (603806.SH): The construction period of the fundraising project "Vietnam annual production of 0.25 billion square meters of high-efficiency Battery packaging adhesive film project" is proposed to be extended to December 202
Gelonghui, December 17 - Hangzhou First Applied Material (603806.SH) announced that its holding subsidiary, Hangzhou First Applied Material Electronics Co., Ltd. (hereinafter referred to as "Electronic Material Company"), is responsible for the implementation of the "F22 convertible bond" fundraising project titled "Annual production of 0.1 billion square meters (high definition) photosensitive dry film project" (hereinafter referred to as "Dry Film Project") has completed its designed production capacity goals and reached the predetermined usable state. The company plans to conclude this fundraising project and permanently supplement the working capital with the remaining raised funds (including interest income) of 17.2351 million yuan (unaudited, with the actual amount subject to the balance of the special account on the day of fund transfer).
Returns On Capital At Hangzhou First Applied Material (SHSE:603806) Have Stalled
Hangzhou First Applied Material (603806.SH): Hangzhou First Applied Material Group and Lin Jianhua collectively reduced their shareholding of "Fu 22 Convertible Bonds" by 3.6027 million units.
On November 22, Gelonhui reported that hangzhou first applied material (603806.SH) announced that the company received a notice from hangzhou first applied material Group and Mr. Lin Jianhua on November 22, 2024, that hangzhou first applied material Group and Mr. Lin Jianhua collectively reduced their shareholding of 3,602,690 shares of "Fu22 Convertible Bonds" from November 12, 2024, to November 22, 2024. After this reduction, hangzhou first applied material Group and Mr. Lin Jianhua collectively hold 0 shares of "Fu22 Convertible Bonds", accounting for 0% of the total issuance.
Research Reports: Zhongtai maintains a 'buy' rating on Hangzhou First Applied Material, highlighting advantages such as technological iteration and cost control.
Zhongtai's research report points out that Hangzhou first applied material (603806.SH) is under pressure in its performance for the third quarter of 2024, mainly due to a temporary oversupply in the industry, which has led to a significant decline in the price of photovoltaic adhesive films, thus causing a noticeable decrease in the company's gross margin on a quarter-on-quarter basis. As a leader in photovoltaic adhesive films, the company has outstanding advantages in technological iteration, customer resource accumulation, and cost control, with its market share continuing to rise in the first half of 2024, maintaining positive profits even amid substantial losses in the photovoltaic industry. At the same time, the company is expanding its adhesive film production capacity overseas in Vietnam and Thailand against the trend to meet global customer demand, which is expected to improve profitability. In addition, photosensitive dry film and other products.
Do Its Financials Have Any Role To Play In Driving Hangzhou First Applied Material Co., Ltd.'s (SHSE:603806) Stock Up Recently?
Debon Securities: The photovoltaic sector has a high margin of safety, emphasizing opportunities for overall market valuation improvement.
According to CPIA, the domestic production of polysilicon in 24H1 is approximately 1.06 million tons, a year-on-year increase of about 60.6%. The production of silicon wafers is about 402 GW, a year-on-year increase of about 58.9%. The production of solar cells is about 310 GW, a year-on-year increase of about 37.8%. The production of modules is about 271 GW, a year-on-year increase of about 32.2%. The capacity in each major link continues to maintain an upward trend.
Earnings Tell The Story For Hangzhou First Applied Material Co., Ltd. (SHSE:603806) As Its Stock Soars 27%
