Reported 11 months ago
On June 8, 2024, at 4:10 pm, Jiuding (4588) cemented its bottom as its stock price broke through the 100 yuan level, riding the bullish trend in the electrical sector and hitting its daily limit early at 101.5 yuan. The stock has regained the 100 yuan level, firmly holding the short-term moving average. However, it faces resistance at the quarterly line as trading volume has not significantly increased yet, requiring further bullish confirmation. While Jiuding Electric's first quarter revenue dropped due to delays in installing smart meters for Taiwan Power, its gross and operating margins improved compared to the same period last year, leading to a 22% increase in net profit, with an EPS of 0.62 yuan. Although its May revenue showed recovery, hitting a historical second-highest monthly revenue of 131 million yuan with a 32.07% annual growth rate, the accumulated revenue for the first five months decreased by 16.76% year-on-year. More Commercial Times reports on the regulation of digital currencies and the digital transformation of the PCB industry.
Source: YAHOO