Remote shares closed up 0.87% with a rolling P／E ratio of 47.47 times.

On November 8, Remote shares closed at 4.66 yuan today, up 0.87%, and the rolling price-earnings ratio PE (the ratio of the current share price to the total earnings per share in the first four quarters) reached 47.47 times.

Judging from the industry price-earnings ratio ranking, the average price-earnings ratio of the power grid equipment industry in which the company is located is 34.54 times, the industry median is 33.12 times, and the remote shares rank 94th.

As for shareholders, as of October 18, 2024, there were 17,583 remote shareholders, 27 fewer than last time, with an average market value of 352,800 yuan and an average number of 27,600 shares.

Remote Cable Co., Ltd. is mainly engaged in the research, development, production and operation of wire and cable products. The company’s main products are four categories: power cable with voltage level of 500kV and below, special cable, bare conductor and wire and cable for electrical equipment. With independent import and export rights, the company is a "national customer satisfaction enterprise", "AAA-level contract-abiding unit", "AAA-level credit enterprise" and "AAA-level quality credit of industrial enterprises in Jiangsu Province" and an advanced quality management unit, and has a number of R&D and support platforms such as CNAS National Accreditation Laboratory, postdoctoral innovation practice base and Jiangsu Technical Research Center. In the first half of 2023, the company won the honorary title of "Two-Star Enterprise for Safety Protection of Industrial Control System in 2022". The company’s "Remote" brand wire and cable enjoys the honorary titles of "National Customer Satisfaction Product", "Jiangsu Famous Brand Product", "Jiangsu Key Protection Product" and "Jiangsu Famous Trademark".

The latest results show that in the third quarter of 2024, the company achieved operating income of 3.179 billion yuan, 40.09% year-on-year; The net profit was 51.382 million yuan, 60.55% year-on-year, and the gross profit margin of sales was 10.44%.