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Returns On Capital Signal Tricky Times Ahead For Zhejiang Dragon Technology (SHSE:603004)
Dinglong Technology (603004.SH): The company's exports are mainly to Europe, Asia, and North America excluding the USA (Canada, Mexico) and other regions.
On January 24th, Glonghui reported that Dinglong Technology (603004.SH) mentioned during a meeting with institutional investors that the company's overseas income proportion is high, and exports are mainly settled in euros and US dollars. If the exchange rates of euros and US dollars against the Chinese yuan continue to fluctuate, it will result in certain foreign exchange gains or losses. The company's exports are mainly to Europe, Asia, and North America excluding the USA (Canada, Mexico), with very little export to the USA. The additional tariffs will not have a significant direct impact on the company's business, although there may be some disturbances in market demand and exchange rates depending on the specific situation.
Dinglong Technology (603004.SH): Currently, there are no terms for annual price increases or decreases between the company and major clients.
On January 24, Gelonghui reported that Dinglong Technology (603004.SH) recently stated during an institutional investor research that currently there are no arrangements for annual price increases or decreases between the company and its major clients. The main approach is to sign annual framework agreements each year to stipulate the varieties, quantities, and prices needed for the year, with specific signing times varying for each client.
Could The Market Be Wrong About Zhejiang Dragon Technology Co., Ltd. (SHSE:603004) Given Its Attractive Financial Prospects?
Dinglong Technology (603004.SH): The company has successfully entered the field of special engineering materials.
Gelonghui on November 27th: Dinglong Technology (603004.SH) stated on the investor interaction platform that from the market structure of hair dye raw materials, the hair dye raw material market was previously mainly monopolized by foreign chemical giants. After long-term research and development accumulation, the company has continuously improved its own production technology and process, reduced product costs, and currently occupies a considerable market share, gradually being incorporated into the international cosmetic raw material supply system; In terms of special engineering materials, high-end polyimide and PBO have long been monopolized by developed countries such as the usa and japan. Currently, the company has successfully entered the special engineering materials field, developing a variety of polyimide.
Why Investors Shouldn't Be Surprised By Zhejiang Dragon Technology Co., Ltd.'s (SHSE:603004) Low P/E