002026 Shandong Weida Machinery
WatchlistShandong Weida Machinery News
[BT Financial Report Instantaneous Analysis] Shandong Weida 2023 Quarterly Report: Business diversification drives asset growth, net profit is under pressure
This financial report was announced on 2023-10-27 17:06:36 Shandong Weida (stock code: 002026) is an enterprise mainly engaged in the power tool industry, high-end intelligent equipment manufacturing industry and new energy industry. The company's main products include power tool accessories, lithium energy storage batteries, and power exchange stations for new energy vehicles. The company focuses on providing leading customers in the power tool industry with various specifications and models of drill chucks, power tool switches, powder metallurgy parts, precision castings, saw blades and other accessories, and continues to develop new products and markets to expand into related fields. In the high-end intelligent equipment manufacturing business
Shandong Weida (002026.SZ) released the first three quarter results, net profit of 104 million yuan, a year-on-year decrease of 51.05%
Shandong Weida (002026.SZ) released the first three quarter reports. During the reporting period, the company achieved operating income of 19.5...
Interpretation of Shandong Weida's 2023 Interim Report: Net operating cash flow increased sharply, net profit declined
According to Shandong Weida's 2023 interim report, revenue for the reporting period was 1,179,508,154.68 yuan, down 13.60% from 1,365,160,635.71 yuan in the same period last year. This may be due to factors such as changes in the market environment or adjustments in the company's business strategy. Meanwhile, net profit attributable to shareholders of listed companies during the reporting period was 71,722,901.81 yuan, down 56.95% from 166,592,026.15 yuan in the same period last year. This indicates that the company's profitability declined during the period. However, it belongs to the shareholders of the listed company
Shandong Weida (002026.SZ): Net profit for the first half of the year was 71,7229 million yuan, down 56.95% year-on-year
GLONGHUI, August 21丨Shandong Weida (002026.SZ) released its semi-annual report. Revenue was 1.18 billion yuan, down 13.60% year on year, net profit was 71.7229 million yuan, down 56.95% year on year, after deducting non-net profit of 698.915 million yuan, down 55.78% year on year, and basic earnings per share were 0.16 yuan.
Shandong Weida (002026.SZ): The holding company Sun currently mainly supplies power exchange station equipment for NIO
On August 8, GLONGHUI | Shandong Weida (002026.SZ) said on an interactive platform that in the field of power exchange for new energy vehicles, Kunshan Swop Intelligent Equipment Co., Ltd., which holds Sun Company, currently mainly supplies power exchange station equipment for NIO.
Shandong Weida (002026.SZ): Currently, Bosch mainly provides products used in the field of electric tools
On July 18, | Some investors asked Shandong Weida (002026.SZ) on the investor interactive platform, “The Bosch Group is the world's largest automotive technology supplier, and its auto parts business has continued to rank first in the world for many years. Does your company work with them? What are the areas of cooperation?” The company replied that the company currently mainly provides Bosch with products used in the field of electric tools, such as drill chucks and accessories, powder metallurgy parts, precision casting parts, saw blades, etc.
The subsidiary supplies Tesla toy cars. Will other domestic toy cars follow suit and be manufactured by your company? Shandong Weida (002026.SZ): Not convenient for comments and responses
GLONGHUI July 18丨Some investors asked Shandong Weida (002026.SZ), “Your subsidiary supplies Tesla toy cars, will other domestic toy cars follow the trend and be manufactured by your company?” Shandong Weida replied that it was not easy for the company to comment on and respond to the issue. The board of directors and management of the company will continue to adhere to steady management, continue to improve core competitiveness, and strive to create greater value for shareholders.
Shandong Weida: The company holds Sun Company to supply three-generation power conversion plant equipment for NIO
Glonhui July 17丨Shandong Weida said on an interactive platform on July 17 that in the field of power exchange for new energy vehicles, the company holds Sun Company Kunshan Swope Intelligent Equipment Co., Ltd. currently mainly supplies third-generation power exchange station equipment for NIO. The company continues to pay attention to the development trend of cutting-edge technology, and will continue to explore new fields and new businesses on the basis of integrating enterprise development strategies and closely following customer needs, and strive to improve the company's independent innovation ability and technology reserve capacity.
Charging piles and power exchange concept stocks fluctuated and fell
On July 14, GLONGHUI | Shandong Weida fell more than 8%, followed by Shuangjie Electric, Yonggui Electric, Jinguan Co., Ltd., and Wansheng Intelligence.
Shandong Weida (002026.SZ) issued an advance reduction. Net profit for the first half of the year is expected to be 58 million yuan to 78 million yuan, down 53.18% to 65.18% from the previous year
According to the Zhitong Finance App, Shandong Weida (002026.SZ) revealed the 2023 semi-annual results forecast. The company expects net profit attributable to shareholders of listed companies in the first half of the year to 580,000 yuan, down 53.18% to 65.18% from the previous year; net profit after deducting non-recurring profit and loss is 570.00 million yuan to 77,000 yuan, down 51.29% to 63.94% from the previous year. The company's business performance in the first half of 2023 declined compared to the same period in 2022. The main reason is: 1. The first half of 2023 was affected by the macroeconomic situation
Shandong Weida: Net profit for the first half of the year is expected to drop by 53.18% to 65.18%
On July 12丨Shandong Weida announced that the company expects net profit of 58 million yuan to 78 million yuan in the first half of 2023, down 53.18% to 65.18% from the previous year.
Shandong Weida (002026.SZ): The subsidiary currently provides battery packs and controller products for Radioflyer, which are mounted on Tesla's strollers to provide power support for them
GLONGHUI July 12丨Some investors asked Shandong Weida (002026.SZ), “Tesla's official account indicates that the Cyberquad toy car is about to launch a new product. Does your company supply products to Tesla Toys?” Shandong Weida replied that Shanghai Baicheng Electric Co., Ltd., a wholly-owned subsidiary of the company, currently provides battery packs and controller products for Radioflyer, which are assembled on Tesla's stroller to provide power support for them. The revenue from this business accounts for a small share of the revenue of listed companies. The company and Tesla have yet to cooperate directly.
Shandong Weida (002026.SZ): Currently, gear products are mainly used in electric tools, household appliances and automobiles
On July 5, | Some investors asked Shandong Weida (002026.SZ), “I don't know if your company produces gears related to speed reducers.” Shandong Weida replied that the company's current gear products are mainly used in the fields of electric tools, household appliances, and automobiles.
Shandong Weida (002026.SZ): Plans to postpone some fund-raising projects
GLONGHUI, June 28丨Shandong Weida (002026.SZ) announced that the company held the 12th interim meeting of the 9th board of directors on June 28, 2023 to review and pass the “Proposal on Extension of Fund-raising Investment Projects”, agreeing that the company would extend the “Expanded Intelligent New Energy Energy Storage Power Automated Assembly Workshop Project” and the “New Energy Storage Power R&D Center” to adjust the scheduled useable status date of the above fund-raising investment projects from June 30, 2023 to December 31, 2023.
The power exchange concept surged in early trading, and Heshun Electric stopped by 20CM
Gelonghui, June 13丨Heshun Electric and Shandong Weida both rose and stopped; Baoli surged 8%, while Autexun, Jicheng Electronics, and Incore followed suit. According to the news, Ningde Era officially launched a self-developed one-stop heavy truck chassis power exchange solution - Qiji Power Exchange, which includes three modules: the Qiji Power Exchange Block, the Qiji Power Exchange Station, and the Qiji Cloud Platform, thereby solving the pain points of heavy truck power exchange, promoting the transformation and upgrading of the heavy truck industry, and helping to open up a new blue ocean of green transportation.
Shandong Weida (002026.SZ) plans to distribute 0.5 yuan for every 10 shares in 2022, excluding interest on June 13
According to the Zhitong Finance App, Shandong Weida (002026.SZ) announced that in 2022, the company plans to distribute a cash dividend of 0.50 yuan (tax included) for every 10 shares to all shareholders. There will be no bonus shares, no capital reserve fund transfers, and the remaining undistributed profit will be carried over to the next year. The registration date for this equity distribution is: 2023/6/12, and the expiry date is: 2023/6/13.
Shandong Weida (002026.SZ): The company's holding Sun Company has developed and supplied third-generation power exchange station equipment for NIO Auto
Gelonghui, May 30 丨 An investor asked Shandong Weida (002026.SZ) on the investor interactive platform, “There is recent news that NIO's third-generation power exchange stations are being produced at the new plant in Hefei. May I ask if the factory that produces power exchange stations in Hefei is a subsidiary of your company? Or is it your company's joint venture? Can't the production capacity of the company's third-generation power exchange stations keep up? How did the third-generation power exchange station set up a new production plant in Hefei?” The company replied that it has not invested or built a new power exchange plant in Hefei. The company holds Sun Company Kunshan Swope Intelligent Equipment Co., Ltd. has developed and implemented third-generation power exchange station equipment for NIO Auto
Shandong Weida: The company has not invested or built a new power exchange plant in Hefei
Gelonghui, May 30 丨 Shandong Weida said on an interactive platform that the company has not invested or built a new power exchange plant in Hefei. The company holds Sun Company Kunshan Swope Intelligent Equipment Co., Ltd., which has developed and supplied third-generation power exchange station equipment for NIO Auto. In the future, it will continue to organize corresponding R&D, production and supply according to the customer's actual needs and order conditions.
Company Q&A 丨 Shandong Weida: The company is not involved in humanoid robots
Glonghui, May 20 丨 An investor asked Shandong Weida on an interactive platform: Your company is a supplier of Tesla mountain bikes. Tesla's recent shareholders' meeting focused on humanoid robots. Musk is even more confident. It is estimated that every two people will buy a humanoid robot. Your company is also a leading private enterprise in Industry 4.0 in China. It is also the creator of direct production and supply of NIO's automated power exchange stations. I would like to ask if your company has invested in the humanoid robot industry chain or what products it can supply? Shandong Weida responded: The company has not yet involved humanoid robots, and can currently provide products and service packages
Shandong Weida (002026.SZ): Mainly providing power exchange equipment and related services for the NEV industry
Gelonghui, May 17 丨 An investor asked Shandong Weida (002026.SZ) on the investor interactive platform, “I know that your company produces power exchange station equipment. Does your company produce overcharging station equipment? If so, which car companies are you cooperating with? Also, is it a bit of a pity that your company currently has more than 1 billion dollars of wealth management products, with so much cash lying there, hundreds of thousands of interest a year, and not taking advantage of the value of these 1 billion dollars of capital? It is proposed to the management of your company to spend hundreds of millions to buy back the company's shares, boost the company's stock price, and allow the company's majority shareholders and small to medium investors in the company to make real profits.” Shandong Weida Reply