Jiangsu Huahong Technology Co., Ltd., together with its subsidiaries, engages in the manufacturing and sale of renewable resource processing equipment in the Pe...
Huahong Technology: Implementation of the share reduction plan by shareholders holding more than 5% has been completed
Huahong Technology: Zhou Shijie has reduced his holdings by 2.05%
Huahong Technology released its performance for the first three quarters, with a net profit attributable to the parent company of 197 million yuan, a year-on-year increase of 7110.70%
Huahong Technology: The significant growth in performance is mainly influenced by national policies, market supply and demand, and international trade factors. The market prices of major domestic rare earth products have stabilized and rebounded, and the company's comprehensive utilization business of rare earth resources is developing well, with revenue significantly improved compared to the same period last year
The three major A-share indices collectively fell at midday, while the rare earth concept surged against the trend
The rare earth permanent magnet concept is active, with Huahong Technology hitting the limit up, and POCO, NFC, Griam, Benlang New Materials, JTGROUP, and ZHmag following suit