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Longtu Mask (688721.SH): plans to increase investment in Zhuhai Longtu by 0.1 billion yuan.
On March 4, Gelonghui reported that Longtu Photomask (688721.SH) announced that its wholly-owned subsidiary, Zhuhai Longtu, is the main body for the construction of the company's listing fundraising project. In order to ensure the project's construction needs and the smooth progress of related projects, enhance the capital strength of Zhuhai Longtu, improve its Operation capacity, and refine the company's Global Strategy, the company plans to invest 100 million yuan in Zhuhai Longtu using its own funds. After this capital increase, Zhuhai Longtu's registered capital will increase from 200 million yuan to 300 million yuan. After the capital increase is completed, the company will still Hold 100% equity of Zhuhai Longtu, which remains a wholly-owned subsidiary of the company.
Investor Optimism Abounds Shenzhen Longtu Photomask Co., Ltd. (SHSE:688721) But Growth Is Lacking
Longtu Mask: Shenzhen Longtu Mask Co., Ltd. 2024 Annual Performance Report Announcement
Shenzhen Longtu Mask Co., Ltd. 2024 Annual Performance Report Announcement
Longtu Photomask (688721.SH): Net income of 91.8329 million yuan in 2024, a year-on-year increase of 9.84%.
On February 24, Gelonghui reported that Longtu Photomask (688721.SH) announced its performance summary for the fiscal year 2024. In 2024, the company achieved revenue of 246.5035 million yuan, an increase of 12.92% compared to the previous year; the net income attributable to the parent company was 91.8329 million yuan, an increase of 9.84% compared to the previous year; the net income attributable to the parent company after deducting non-recurring gains and losses was 90.3596 million yuan, an increase of 10.48% compared to the previous year. The company's revenue growth rate has slowed, mainly due to existing capacity nearing bottleneck, and the Zhuhai fundraising project has not yet been invested.
Will Weakness in Shenzhen Longtu Photomask Co., Ltd.'s (SHSE:688721) Stock Prove Temporary Given Strong Fundamentals?
