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GCH Technology Co., Ltd.'s (SHSE:688625) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Chenghe Technology (688625.SH): Increased the antioxidant business through external investment and acquisition.
Gelonghui September 23rd | Chenghe Technology (688625.SH) stated at an investor relations event that the company has increased its antioxidant business through external investment and acquisitions, ensuring the raw material needs of existing products, enhancing cost optimization effects. On the other hand, it efficiently and fully enters the industry chain of special antioxidants and related compound additives, achieving vertical extension and horizontal expansion of the company's product line, further improving business and product layout, enhancing the company's market competitiveness and risk resistance. In the future, the company hopes to rely on a mature antioxidant product matrix to enrich the company's product categories and provide customers with more comprehensive and diversified options.
Summary of Half-Year Report in 2024.
Half-year report for the year 2024.
Chenghe Technology (688625.SH): net income of 12.8 billion yuan in the first half of the year, a year-on-year increase of 17.37%.
On August 16, Gelonhui announced its 2024 interim report. During the reporting period, it achieved revenue of 0.414 billion yuan, a YoY increase of 12.02%; net income attributable to shareholders of the listed company was 0.128 billion yuan, a YoY increase of 17.37%, and net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 0.127 billion yuan, a YoY increase of 22.73%. Basic earnings per share were 0.94 yuan. The net income attributable to shareholders of the listed company and the net income attributable to shareholders of the listed company after deducting non-recurring gains and losses at the end of the period increased by 17.37% YoY.
GCH Technology Co., Ltd.'s (SHSE:688625) Prospects Need A Boost To Lift Shares
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