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Shaanxi Sirui Advanced Materials (SHSE:688102) Will Be Hoping To Turn Its Returns On Capital Around
Shaanxi Sirui Advanced Materials Co., Ltd. (SHSE:688102) Insiders, Who Hold 60% of the Firm Would Be Disappointed by the Recent Pullback
Third Quarter Report 2024
Sulzer New Materials (688102.SH): The net income for the first three quarters is approximately 78.27 million yuan, an increase of 14.36% year-on-year.
Gelonghui, October 29 | Sray New Material (688102.SH) announced that the revenue for the first three quarters of 2024 was approximately 0.964 billion yuan, a year-on-year increase of 10.98%; net income attributable to shareholders of the listed company was approximately 78.27 million yuan, an increase of 14.36% year-on-year; basic earnings per share were 0.1079 yuan.
Srirui New Materials (688102.SH): Intends to raise no more than 0.6 billion yuan in a private placement.
Gelonghui October 29th | Srixon Materials (688102.SH) announced the 2024 plan to issue A-shares stocks to specific targets. The total amount of funds raised from this A-shares stock issuance to specific targets shall not exceed 0.6 billion yuan (including the principal). The total amount of funds raised this time, net of issuance expenses, will be used for the following directions: liquid rocket engine thrust chamber materials, parts, components industrialization project and Srixon New Materials technology industrial park construction project (1) and supplementary working capital.
AVIC Securities: Commercial aerospace assists in the expansion of the rocket manufacturing market, driving the demand for new materials and processes in application.
Against the background of accelerated rocket launch and rapid market expansion, the market size of rocket manufacturing is expected to grow increasingly. The related materials and process innovations are expected to become the core driving force for the upgrading and iteration of the rocket manufacturing process.
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