Reported 5 months ago
On July 17, 2024, Po-Li International Corp. (8467) saw record-high revenue for both June and the first half of the year. With the company supplying aircraft structural components to Airbus starting in the fourth quarter, the stock surged to its daily limit of 220.5 yuan within 31 minutes after opening, with active trading and significant institutional buying interest, closing at 220.0 yuan - an all-time high since its listing. Increased demand for high-end carbon fiber ice hockey sticks led to a 50% capacity increase in the first half of the year, contributing to a 42.22% annual revenue growth in Q2 and a 34.81% revenue growth for the first half of the year. Other industry news includes Mega Bank forming Chih Qiang-KY, a $250 million global server shipment heating up, TrendForce predicting a 5% increase next year, and CATL opening the largest lithium battery plant in Fuding, exceeding a production value of over billions of RMB.
Source: YAHOO