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Weifu High-Technology Ties Up With Voith to Invest 120 Million Euros for Hydrogen Storage Systems Production
Weifu High-Technology (SHE:000581, SHE:200581) agreed with German technology firm Voith Group to invest 120 million euros for the development of hydrogen storage systems. Both parties signed a memoran
Weifu High-Technology Warns of Contract Fraud Involving Unit
11:14 PM EDT, 04/13/2023 (MT Newswires) -- Weifu High-Technology (SHE:000581, SHE:200581) warned that a unit of the company may have been the victim of a contract fraud. Weifu International Trading fo
Weifu High-Technology to Buy Italian Vacuum Pump Maker From Bosch for $68.5 Million
08:16 PM EST, 02/09/2022 (MT Newswires) -- Weifu High-Technology (SHE:000581, SHE:200581) plans to acquire Italian vacuum pump maker Vacuum and Hydraulic Product Italy (VHPI) from Robert Bosch's Ital
Ping An Securities - Auto and Auto Parts Industry Dynamic Tracking Report: Meeting Expectations and Moving Forward Firmly [Industry Research]
[Research Report Summary] Secondary Market Performance: Year to date, the automotive sector has risen 5.0% overall, outperforming the Shanghai-Shenzhen 300 Index by 17.7 percentage points. Among them, commercial vehicles rose 15.5%, the passenger car sector rose 1.7%, auto parts rose 4.4%, and automobile sales and services rose 10.6%. The overall decline in automobile sales slowed: July production and sales fell 11.9% and 4.3%, respectively, and the year-on-year declines were 5.4 and 5.3 percentage points lower than in June, respectively. Affected by the overdraft of sales in June, passenger cars sold 1,528,000 units in July, a year-on-year decrease of 3.9%, including new energy
Zhongtai Securities - Auto and Auto Parts Industry Weekly Report: Dealer Inventory Warning Index Rises in July [Industry Research]
[Research Report Summary] The market declined this week, and the automotive and parts sector fell 2.6%. Among them, the auto parts sub-sector fell 2.8%, the automotive vehicle sub-sector fell 3.0%, the automotive services sub-sector fell 4.1%, and the Shanghai-Shenzhen 300 Index fell 2.9%. Stock prices of key A-share companies fell mostly this week. The top three increases were Shuanghuan Drive, Yinlun, and Tianrun Crankshaft, which rose 4.9%, 2.7%, and 1.3% respectively; the top three declines were Jingwei, Jiangling Motor, and Shuanglin shares, which fell 8.0%, 7.8%, and 7.6% respectively. The dealer inventory warning index rose in July. 2
Weifu Hi-Tech (000581) relies on the new growth momentum of Bosch gasoline and diesel to gradually gain strength
Key investment points: The target price is 22.33 yuan, covering the “increase in holdings” rating for the first time. Benefiting from increased infrastructure investment, the performance of Bosch Auto and Diesel (60% profit contribution) will remain high, compounded by new growth momentum, which will gradually increase. It is expected that the growth rate of the company's net profit to its mother will steadily pick up. We predict that the company's EPS in 2019-2021 will be 2.25/2.35/2.55 yuan. Referring to the valuation of comparable companies (commercial vehicle parts), the company will be given 9.5 times PE in 2020, corresponding target price of 22.33 yuan. The high-pressure common rail business of the holding company Bosch Automobile and Diesel is improving steadily, and is expected to improve in 2019
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