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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Goertek Inc.    002241   CNE100000BP1

GOERTEK INC.

(002241)
  Report
End-of-day quote. End-of-day quote SHENZHEN STOCK EXCHANGE - 11/26
36.68 CNY   -1.16%
10/20GOERTEK INC. : quaterly earnings release
08/21China stocks rise as consumer, healthcare firms lend support; Hong Kong up
RE
08/18GOERTEK INC. : half-yearly earnings release
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Be more patriotic, China's Xi tells companies as targets economic upturn

07/21/2020 | 07:18am EST
Chinese President Xi Jinping arrives for the opening session of NPC in Beijing

Chinese companies should be more patriotic as well as enhancing their ability to expand overseas, as the country strives to make up economic losses caused by the coronavirus epidemic, President Xi Jinping said on Tuesday, according to state TV.

China's economic recovery so far and epidemic control efforts have been better than expected, China Central Television cited Xi as saying in a meeting with corporate representatives from Hikvision, Goertek, Panasonic China and others.

Xi said the government will target a good growth rate this year, making fiscal policy more proactive, prudent monetary policy more flexible, and macro-economic policies more targeted and timely, according to the report. Authorities would also continue to cut taxes, administrative fees, rent and rates to benefit businesses.

The economy returned to growth in the second quarter after a deep slump at the start of the year, but unexpected weakness in domestic consumption underscored the need for more policy support to bolster the recovery after the shock of the coronavirus crisis.

In the face of rising protectionism, a slowing world economy and shrinking global demand, Beijing would fully take advantage of its huge domestic market.

It will also press ahead with reforms in keeping with the historical trend of economic globalisation, and companies should understand international rules and fend off risks in international markets, said Xi.

(This story corrects 'feed off' to 'fend off' in final paragraph)

(Reporting by Colin Qian, Stella Qiu and Kevin Yao; editing by John Stonestreet)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
GOERTEK INC. -1.16% 36.68 End-of-day quote.84.14%
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD. 0.92% 46.03 End-of-day quote.40.59%
PANASONIC CORPORATION 0.13% 1126.5 End-of-day quote.9.42%
WUHAN GUIDE INFRARED CO., LTD. 1.39% 35.75 End-of-day quote.189.40%
All news about GOERTEK INC.
10/20GOERTEK INC. : quaterly earnings release
08/21China stocks rise as consumer, healthcare firms lend support; Hong Kong up
RE
08/18GOERTEK INC. : half-yearly earnings release
07/21Be more patriotic, China's Xi tells companies as targets economic upturn
RE
03/23GOERTEK INC. : annual earnings release
2019GOERTEK INC. : 3rd quarter results
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2019GOERTEK INC. : Half-year results
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2019GOERTEK INC. : 1st quarter results
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2018GOERTEK INC. : Slide show Q3 results
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2018GOERTEK INC. : 3rd quarter report
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More news
Financials
Sales 2020 52 738 M 8 022 M 8 022 M
Net income 2020 2 821 M 429 M 429 M
Net Debt 2020 4 577 M 696 M 696 M
P/E ratio 2020 43,2x
Yield 2020 0,50%
Capitalization 121 B 18 346 M 18 357 M
EV / Sales 2020 2,38x
EV / Sales 2021 1,69x
Nbr of Employees 39 328
Free-Float 60,3%
Chart GOERTEK INC.
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Goertek Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends GOERTEK INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Average target price 51,68 CNY
Last Close Price 37,48 CNY
Spread / Highest target 79,6%
Spread / Average Target 37,9%
Spread / Lowest Target 1,39%
EPS Revisions
Managers
NameTitle
Long Jiang Vice Chairman & General Manager
Bin Jiang Chairman
Hong Bin Sun Chairman-Supervisory Board
Hui Lu Duan Chief Financial Officer, Director & Deputy GM
Jian Liang Feng Member-Supervisory Board
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