On August 6, Tengda Technology staged an intraday "earth and sky board" recorded 12 consecutive boards, as of press time, the stock was reported at 39.64 yuan, with a turnover rate of 55.76% and a turnover of 987 million yuan.
Net profit in the first half of the year decreased by 11.94% year-on-year
On the evening of August 5, Tengda Technology released the 2024 semi-annual performance report, and the company achieved operating income of 857 million yuan in the first half of the year, a year-on-year decrease of 6.96%; net profit attributable to shareholders of listed companies was 39.9568 million yuan, a year-on-year decrease of 11.94%.
The performance report shows that the company's revenue and profit data have declined, mainly due to the large fluctuations in stainless steel prices in the domestic market in the past two years, especially the continuous plunge in the prices of bulk raw materials such as nickel, chromium and iron ore, resulting in a sharp decline in the price of stainless steel wire rods, resulting in a decline in the sales price of the company's products, and at the same time, affected by the intensification of market competition, the gross profit level of products has declined.
The increase in the company's total assets and related equity data was mainly due to the availability of funds raised by the company's issuance and listing. Despite the slight decline in performance, the number of orders and sales in the first half of the year increased by 30.91% and 13.99% year-on-year, respectively. In particular, the layout of the domestic and foreign markets was further optimized, and the sales volume of products in the domestic market increased significantly, of which the sales volume of domestic traders increased by 58.2% compared with the same period last year, and the domestic terminal sales increased by 44.35% compared with the same period last year.
The company has issued many risk warning announcements
According to the disk, from July 22 to August 6, Tengda Technology's share price rose from 12.63 yuan / share to 39.64 yuan / share, during which the stock price rose by 213.9%.
It is worth noting that the company has repeatedly issued announcements on transaction changes and risk warnings, saying that the company's production and business activities are normal, and no major changes have been found in the internal and external business environment in the near future.
On the evening of August 5, Tengda Technology once again announced that the company's stock price has risen significantly in the short term, but the company's fundamentals have not undergone major changes, and there may be irrational speculation, and there may be a risk that the stock price will fall back after a sharp rise.
According to the announcement, the company's main business is the research and development, production and sales of stainless steel fastener products such as bolts, nuts, screws and washers. Fasteners are a general term for components used for the connection and fastening of various components, and they are widely used and are known as "industrial rice". From the perspective of sales model, the company currently adopts the method of mainly selling through traders, supplemented by direct sales to end users. Up to now, the company has not directly supplied commercial aerospace customers.
Guotai Junan said that commercial aerospace, as an important direction of new quality productivity, is shifting from the introduction period to the growth period, and policy support is expected to promote its rapid development. Referring to SpaceX's valuation of 210 billion US dollars, the domestic market size is expected to reach trillions, and the investment is recommended to focus on state-owned operators and private manufacturers.
(This article is from Yicai)