Anhui Honglu Steel Construction(Group) CO., LTD Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

The analysts might have been a bit too bullish on Anhui Honglu Steel Construction(Group) CO., LTD (SZSE:002541), given that the company fell short of expectations when it released its quarterly result

Simply Wall StMay 1 06:27

Honglu Steel (002541): New signings maintain steady single-ton profits under weak demand or see an inflection point

Incident: The company announced that 2024Q1 revenue of 4.427 billion yuan decreased by 11.77%; net profit to mother of 203 million yuan increased by 1.12%; net profit not attributable to mother of 87 million yuan decreased by 38.79%. profitability

財通證券Apr 30 00:00

Honglu Steel (002541) 2024 Quarterly Report Review: Q1 ton profit improved year-on-year after intelligent transformation entered a critical period to eliminate the impact of R&D

Incident: Honglu Steel released its 2024 quarterly report. In 24Q1, the company achieved total operating revenue/net profit/net profit deducted from non-net profit of 44/2.0/ 0.9 billion yuan, -12%/+1%/-39% year-on-year. Review: Excluded

光大證券Apr 29 18:51

Honglu Steel (002541): Revenue decline mainly due to falling steel prices, steady growth in orders and performance

Core view The company achieved operating income of 4.43 billion yuan in the first quarter of 2024, a year-on-year decrease of 11.8%, and realized net profit to mother of 200 million yuan, an increase of 1.1% year-on-year. The decline in steel prices led to a year-on-year decline in revenue, and the same investment in R&D

中信建投證券Apr 29 13:21

Honglu Steel (002541): The net profit performance of 1Q24 tons is relatively steady, benefiting from the boom in the manufacturing industry

The results for the first quarter of 2024 are lower than our expectations. The company announced the results for the first quarter of 2024: achieved revenue of 4.43 billion yuan, a year-on-year decrease of 11.8%, and realized net profit of 203 million yuan, an increase of 1.12% over the previous year.

中金公司Apr 28 21:06

Tianfeng Securities released a research report on April 28 stating that it gave Honglu Steel (002541.SZ) a purchase rating, and the target price was 24.70 yuan. The main reasons for the rating include: 1) revenue and profit are under pressure, and R&D exp

Tianfeng Securities released a research report on April 28 stating that it gave Honglu Steel (002541.SZ) a purchase rating, and the target price was 24.70 yuan. The main reasons for the rating include: 1) revenue and profit are under pressure, and R&D expenses are dragging down performance growth; 2) production is relatively stable, and net profit per ton is expected to rise; 3) the cost rate increased slightly during the period, and project repayment is excellent; 4) starting a path of integrated exploration and optimistic about the company's intelligent transformation and medium- to long-term growth potential. (Mainichi Keizai Shimbun)

Zhitong FinanceApr 28 09:46