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guangzhou fangbang electronics (688020): profit under pressure, waiting for fundamental + new product turning point
Event: The company released the 3Q2024 financial report, achieving revenue of 0.242 billion yuan in the first three quarters, -10.30% year-on-year, achieving a net income attributable to the parent company of -0.04 billion yuan, +24.46% year-on-year, non-net income of -0.57 billion.
Intensified competition in the flexible circuit board market, guangzhou fangbang electronics reported a loss of 17.6714 million yuan in the third quarter.
①Guangzhou Fangbang Electronics stated that the decline in performance was due to increased market competition in the smart phone and Flexible Printed Circuit (FPC) industry during the reporting period, the industry chain showing a trend of cost reduction, which had a certain impact on the company's sales volume, selling price, and product structure of the screen protective film; ②Haitong Int'l believes that with the leading AI company nvidia releasing GB200, the future market space for high-speed copper cables for servers will grow rapidly.
Third Quarter Report 2024
guangzhou fangbang electronics (688020.SH): a net loss of 39.6267 million yuan in the first three quarters.
Guangzhou Fangbang Electronics (688020.SH) announced on October 27 that in the first three quarters of 2024, it achieved revenue of 0.242 billion yuan, a decrease of 10.30% year-on-year; the net income attributable to shareholders of the listed company was -39.6267 million yuan, with a basic earnings per share of -0.49 yuan.
Guangzhou Fangbang Electronics (688020.SH) released its performance for the first three quarters, with a net loss of 39.63 million yuan.
Guangzhou Fangbang Electronics (688020.SH) disclosed its third quarter report for 2024, achieving revenue of 2....
Guangzhou Fangbang Electronics (688020.SH): For the first time, 2.19 million restricted stocks were granted to 64 incentive recipients.
Gelonghui September 23rd | Guangzhou Fangbang Electronics (688020.SH) announced that the company agreed to set September 23, 2024 as the initial grant date, and granted 2.19 million shares of restricted stocks to 64 incentive recipients at a grant price of 25.94 yuan per share.
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