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Novoray Plans 300 Million Yuan Investment in Spherical Silica Project
The downstream market demand is expanding, and Novoray Corporation plans to invest 0.3 billion yuan to establish a project for ultra-pure spherical powder materials.
① A representative from the company's secretariat stated that they have relatively mature products and have gone through many rounds of process scaling; ② Novoray Corporation indicated that the products from the aforementioned project currently account for a small proportion of the company's revenue, and after the project is completed, it will further expand the production scale of the company's high-end spherical powder materials.
Novoray Corporation (688300.SH) plans to invest in a project for the construction of ultra-pure spherical powder materials for high-performance high-speed substrate applications.
Novoray Corporation (688300.SH) announced that the company plans to invest in high-performance, high-speed substrate ultra-pure spherical powder materials...
HAITONG SEC: Innovative technology drives the Semiconductors industry into a new growth phase. It is recommended to pay attention to Novoray Corporation (688300.SH) and others.
HAITONG SEC believes that against the backdrop of a self-controlled Industry Chain, domestic leading enterprises in New Materials are expected to enjoy the dual benefits of rapid Industry growth and domestic substitution.
Lianrui New Materials 2024 Annual Results Express Announcement
Novoray Corporation (688300.SH): The net income for the 2024 fiscal year is 0.251 billion yuan, a year-on-year increase of 44.47%.
On February 14, Gelonghui reported that Novoray Corporation (688300.SH) announced its performance report for the 2024 fiscal year. During the reporting period, the company achieved revenue of 0.96 billion yuan, a year-on-year increase of 34.94%; net income attributable to owners of the parent company was 0.251 billion yuan, a year-on-year increase of 44.47%; and net income attributable to owners of the parent company after deducting non-recurring gains and losses was 0.227 billion yuan, a year-on-year increase of 50.99%. In 2024, the Semiconductors market is entering an upward cycle, and the overall demand in the Industry Chain is noticeably increasing. Moreover, driven by the rapid development of application technologies such as AI, the market for high-performance Packaging Materials is growing.
Novoray Corporation's (SHSE:688300) 25% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio
