002674 Xingye Leather Technology
- 12.45
- -0.12-0.95%
Xingye Leather Technology News
Societe Generale Technology (002674): 94% dividend rate strengthens dividend attributes and looks forward to Hongxing's performance in 24 years
Net profit to mother increased by 24% in '23, and increased 22% in 24Q1. The company released financial reports. Revenue in 24Q1 was 600 million yuan, up 29% year on year; net profit to mother was 40 million yuan, up 22% year on year, net profit from non-return to mother was 0.3 billion.
Societe Generale Technology (002674): The performance is in line with expectations, and the automotive interior business is rapidly expanding
Guide to this report: The 2023 and 2024Q1 results are in line with expectations. Automotive interiors are expected to continue to grow rapidly in 2024, and the main leather industry is expected to grow steadily. Key investment points: The investment proposal takes into account the cost of equity incentives, so we lowered it by 2
Dongfang Wealth Securities released a research report on April 25 stating that it gave Societe Generale Technology (002674.SZ) an increase in holdings rating. The main reasons for the rating include: 1) developing overseas markets and exploring the develo
Dongfang Wealth Securities released a research report on April 25 stating that it gave Societe Generale Technology (002674.SZ) an increase in holdings rating. The main reasons for the rating include: 1) developing overseas markets and exploring the development of diversified business structures; 2) rapid growth in the leather business for automotive interiors; 3) improved profit margins and a slight increase in cost rates. (Mainichi Keizai Shimbun)
Societe Generale Technology (002674): The second curve is growing rapidly and profits are impressive, continuing to have a high dividend ratio
The second curve is growing rapidly and profitable, continuing to have a high dividend ratio, maintaining the “buy” rating of 2023 revenue/net profit of 27.186 million yuan, yoy +35.81%/+23.74%, 2024Q
Zhongtai Securities released a research report on April 23 stating that it gave Societe Generale Technology (002674.SZ) a buying rating. The main reasons for the rating include: 1) incident: the company disclosed 2023 and 24Q1 results, which were in line
Zhongtai Securities released a research report on April 23 stating that it gave Societe Generale Technology (002674.SZ) a buying rating. The main reasons for the rating include: 1) incident: the company disclosed 2023 and 24Q1 results, which were in line with expectations; 2) the leather used for traditional shoes and bags grew beautifully under a low base, and the volume of raw materials for automotive interior leather and two-layer leather increased; 3) the scale effect and structural optimization led to a significant increase in the company's profitability, among which the gross margin of automotive leather increased significantly; 4) cash flow improved over 22 years, and the turnover efficiency of inventory and accounts receivable increased. (Mainichi Keizai Shimbun)
Societe Generale Technology (002674): Continued high dividends due to impairment in 23 years
Incident Overview In 2023, the company's revenue/net profit attributable to mother/ net profit deducted from non-mother and operating cash flow were 27.00/1.86/1.80/0.25 billion yuan respectively, up 35.81%/23.74% /36
Societe Generale Technology (002674): Performance is in line with expectations, and the profitability of automotive leather has increased significantly
Incident: The company disclosed its 2023 and 24Q1 results, which were in line with expectations. The company achieved operating income of 2.7 billion yuan in '23, +35.81% year-on-year; realized net profit of 186 million yuan, +23.74 million yuan year-on-year
Societe Generale Technology (002674.SZ): Net profit of 346.28 million yuan in the first quarter increased 22.03% year-on-year
On April 22, Ge Longhui Technology (002674.SZ) released its first quarter report. Operating revenue was 597 million yuan, up 28.61% year on year, net profit of 346.28 million yuan, up 22.03% year on year, after deducting non-net profit of 32.818 million yuan, up 44.83% year on year, with basic earnings per share of 0.1,186 yuan.
Tianfeng Securities released a research report on April 14 stating that it maintains the purchase rating of Societe Generale Technology (002674.SZ). The main reasons for the rating include: 1) Hongxing Auto Leather has received a fixed notice; 2) We belie
Tianfeng Securities released a research report on April 14 stating that it maintains the purchase rating of Societe Generale Technology (002674.SZ). The main reasons for the rating include: 1) Hongxing Auto Leather has received a fixed notice; 2) We believe that Hongxing's advantages on the NEV interior circuit are showing, and that its brand and delivery capacity are gradually being recognized by more car companies and models. On the one hand, it has enriched the customer structure to be more diverse and healthy; on the other hand, it has benefited from the growth in the scale of the industry and established the second growth curve. (Mainichi Keizai Shimbun)
Xingye Technology (002674): Hongxing received targeted project notifications from customers to explore the next city
Hongxing Auto Leather received a fixed notice that Hongxing Auto Leather, a holding subsidiary of the company, recently obtained a “fixed notice” for leather interiors for a model project from an automobile OEM to supply customers with leather interiors. According to the customer's plan, the project is expected to be in 2025
Societe Generale Technology (002674): Hongxing was designated as a new project to open a new customer certification space
Incident Overview 24/4/11 The company announced that Hongxing Leather, a subsidiary of Societe Generale Technology Holdings, recently obtained a “fixed notice” for leather interiors for a model project from an automobile OEM to supply customers with leather interiors. According to the customer's plan, this project is expected to
A-share changes | Societe Generale Technology rose more than 5%, and its holding subsidiary received a fixed notice for leather interior decoration for a model project from an automobile OEM
Gelonghui, April 12 | Societe Generale Technology (002674.SZ) has now risen 5.08% to 12 yuan. The temporary transaction was 53.28 million yuan, with a current market value of 3.5 billion yuan. Societe Generale Technology announced yesterday evening that Hongxing Auto Leather (Fujian) Development Co., Ltd., a holding subsidiary of the company, recently obtained a “fixed notice” for leather interiors from an automobile OEM (limited to a confidentiality agreement, unable to disclose its name, “customer” for short) to supply leather interiors to customers. The total life cycle amount of this project is only an estimated amount. There is uncertainty about subsequent implementation. The details are based on the order settlement amount.
Express News | Societe Generale Technology: A subsidiary received a designated notice for leather interiors from an automobile OEM
The subsidiary of Societe Generale Technology (002674.SZ) received the target estimated total life cycle amount of 1 billion yuan for the project
Societe Generale Technology (002674.SZ) announced that Hongxing Auto Leather (Fujian) Development Co., Ltd. (hereinafter referred to as “Hongxing Auto Leather”), a holding subsidiary of the company, recently obtained a “fixed notice” for leather interiors from an automobile OEM (limited to a confidentiality agreement and unable to disclose its name, hereinafter referred to as the “customer”) to supply leather interiors to customers.
Express News | Societe Generale Technology: The holding subsidiary received a fixed notice for the project
Xingye Technology (002674.SZ): The subsidiary Hongxing Auto Leather currently does not supply Xiaomi car interior leather
Gelonghui March 22丨Societe Generale Technology (002674.SZ) said on the investor interactive platform that its subsidiary Hongxing Auto Leather does not currently supply Xiaomi car interior leather.
Societe Generale Technology (002674): Ideal (core customer) exceeds expectations 24 performance can be expected
Hongxing Leather is an ideal L7, L8, and L9 interior leather supplier, and has welcomed incremental orders along with the increase in the delivery volume of the Ideal L series. Ideal 23Q4 revenue increased 136%, and the 24Q1 outlook hit a record high for the same period, or mainly 24
Societe Generale Technology (002674.SZ): Currently there is a supply of QQ M5 interior leather, but it is not yet available
Ge Longhui, January 24 | Societe Generale Technology (002674.SZ) said on the investor interactive platform that the holding subsidiary Hongxing Auto Leather is a supplier to the market. Currently, there is a supply of Qinjie M5 interior leather, but it has not yet supplied Qinjie M7.
Societe Generale Technology (002674.SZ): Hongxing Auto Leather is currently in contact with BYD
Glonghui, December 4: Some investors asked Societe Generale Technology (002674.SZ) on the investor interactive platform, “Does your company have contact with BYD?” The company replied that Hongxing Auto Leather, a holding subsidiary of the company, is currently in contact with BYD.
Societe Generale Technology (002674): Automotive interior revenue is growing rapidly
23Q3 revenue was $744 million, same increase of 12.8%, net profit of $81 million, same increase of 0.5%, company 23Q1-3 revenue of $1,941 million, same increase of 38.6%, 23Q1/Q2/Q3 revenue and
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