Reported 9 months ago
On June 27, 2024, in the afternoon at 4:10, with a surge in green energy demand, the stock prices of renewable energy companies rose collectively, leading to a strong rebound in the long-depressed solar module factory stocks. Motech (6244) witnessed high fluctuations in stock price on the 27th, with a major buy order hitting, surging to the limit up at noon, closing at the limit up price of 31.9 yuan with a trading volume increasing to 42,700 shares. In the first quarter, Motech's revenue was 885 million yuan, a decrease of about 5% from the previous quarter and 35% year-on-year, with a gross profit margin of 21.98%, an increase of 4.4 percentage points from the previous quarter, and a net profit after tax of 126 million yuan, or 0.33 yuan per share. Motech stated that successful overseas market development, combined with effective cost control, boosted profitability in the first quarter. Looking into the second quarter, the overseas market still maintains certain momentum, and expectations are high for the new government to accelerate. For more news, refer to Commercial Times' report about Far EasTone establishing 5G Metaverse accelerator, multiple bullish signals, and foreign institutions guiding the Central Bank.
Source: YAHOO