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Longyan Zhuoyue New Energy Co., Ltd. (SHSE:688196) Soars 28% But It's A Story Of Risk Vs Reward
Longyan Zhuoyue New Energy (688196.SH): received a VAT refund of 27.1087 million yuan for resource comprehensive utilization products.
On September 11th, Zhuoyue New Energy (688196.SH) announced that according to the announcement of the Ministry of Finance and the State Administration of Taxation on the improvement of the value-added tax policy for comprehensive utilization of resources, Longyan Zhuoyue New Energy Co., Ltd. can enjoy the policy of value-added tax refund for the sales of its self-produced comprehensive utilization products, with a refund rate of 70%. The company recently received a total of 27,108,746.74 yuan in value-added tax refunds for the periods ending in March 2024 and April 2024. This amount has reached 34.48% of the company's audited net income for 2023. The company has disclosed the information according to relevant disclosure rules.
Some Investors May Be Willing To Look Past Longyan Zhuoyue New Energy's (SHSE:688196) Soft Earnings
Longyan Zhuoyue New Energy 2024 Interim Report
Summary of Zhuoyue New Energy's 2024 interim report
Longyan Zhuoyue New Energy (688196.SH): The "annual production of 0.1 million tons of hydrocarbon-based biodiesel production line" is expected to start construction in the third quarter.
On July 29th, Gelonhui reported that Longyan Zhuoyue New Energy (688196.SH) stated on the investor interactive platform that the 'annual output of 0.1 million tons of hydrocarbon-based biodiesel production line' is expected to start construction in the third quarter, and the company will disclose the project progress in a timely manner according to information disclosure rules.
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