Freewon China Co.,Ltd.'s (SHSE:688678) Market Cap Surged CN¥624m Last Week, Private Companies Who Have a Lot Riding on the Company Were Rewarded

Simply Wall StApr 30 20:41 ET

Freewon China Q1 net profit decreased by 48% year-on-year, focusing on the humanoid robot parts market.

① Despite the fluctuations in the photovoltaic Industry, losses from new projects, and increased financial costs putting pressure on profits, Freewon China has performed remarkably well in the 3C precision Metal components and electric tools Business, and is expanding into the humanoid Siasun Robot&Automation components market; ② Freewon China plans to invest 1 billion yuan to build a manufacturing base in Nantong.

cls.cnApr 24 19:52 ET

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