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New Stock Outlook | New projects "taking over" to contribute incremental growth, could the listing on the Hong Kong Stock Exchange be a crucial step for CNGR Advanced Material (300919.SZ) to venture into overseas markets?
By expanding production capacity overseas and deepening the layout of upstream resources, CNGR Advanced Material may be able to alleviate the "hidden concern" of price fluctuations in key resources such as nickel, thereby enhancing profitability stability.…
There Are Reasons To Feel Uneasy About CNGR Advanced MaterialLtd's (SZSE:300919) Returns On Capital
CNGR Advanced Material (300919.SZ): The iron phosphate production capacity project is still in the stage of ramping up capacity. As the utilization rate of iron phosphate capacity gradually increases, profitability will slowly improve.
On April 18, Gelonghui reported that CNGR Advanced Material (300919.SZ) stated on the interactive platform that the company's Operation performance is under short-term pressure due to the downstream market demand situation. In the face of Industry competition and market changes, the company will solidly manage its own Operation, reduce costs and increase efficiency through equipment upgrades, process improvements, and other means to ensure the company's sustainable development. Currently, the company's iron phosphate capacity project is still in the capacity ramp-up phase. As the utilization rate of iron phosphate capacity gradually increases, profitability will gradually improve. The company will make full use of the iron phosphate capacity, actively expand scale, and enhance market penetration by developing new products and optimizing product and customer structures.
CNGR Advanced Material's Q1 Profit Down 25%, Revenue Up 17%
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