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Anhui Zhongyuan New Materials (603527.SH): The holding subsidiary Anhui Zhongyuan New Energy is the main supplier of the Chery V23 battery tray.
On October 24th, Gelonghui reported that Anhui Zhongyuan New Materials (603527.SH) stated on the investor interaction platform that its controlling subsidiary Anhui Zhongyuan New Energy is the main supplier of Chery V23 battery trays.
Zhongyuan New Materials Report for the Third Quarter of 2024
Zhongyuan New Materials Announces Major Operating Data for the First Three Quarters of 2024
Anhui Zhongyuan New Materials (603527.SH) released its performance for the first three quarters, with a net income of 91.6705 million yuan, a year-on-year increase of 2.83%.
Anhui Zhongyuan New Materials (603527.SH) released the third quarter report for the year 2024, during the reporting period the company achieved revenue...
Anhui Zhongyuan New Materials (603527.SH): The net income for the first three quarters was 91.6505 million yuan, a year-on-year increase of 2.83%.
Geelongi October 21st ∣ Anhui Zhongyuan New Materials (603527.SH) announced that the company achieved revenue of 6.648 billion yuan in the first three quarters, a year-on-year increase of 20.31%; net income attributable to shareholders of the listed company was 91.6505 million yuan, a year-on-year increase of 2.83%; net profit attributable to shareholders of the listed company excluding non-recurring gains and losses was 72.3157 million yuan, a year-on-year decrease of 10.13%; basic earnings per share were 0.29 yuan.
Anhui Zhongyuan New Materials (603527.SH): The rise in copper prices is due to the rise in the price of raw material electrolytic copper, which does not have a positive impact on the company's performance.
Gelonghui October 17th | Anhui Zhongyuan New Materials (603527.SH) recently stated at an online meeting that the company's main products are purple copper plate, strip and foil materials, with the raw material being electrolytic copper. The rise in copper prices is due to the increase in the price of raw material, electrolytic copper, which does not have a positive impact on the company's performance nor does it lead to an increase in processing fees. The pricing model for the company's products is based on copper prices plus processing fees. While customers set prices with us, we purchase electrolytic copper, which effectively mitigates the risk of fluctuating prices. However, the cost increase brought about by the rise in copper prices will bring certain pressure to the working capital, raising the cost of capital.
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