Express News | Grimmie: Signed a strategic cooperation agreement to jointly promote large-scale equipment upgrades and consumer goods trade-in
Express News | Huichuan Technology opens strategic cooperation with China Coal Science Changzhou Research Institute
Huichuan Technology (300124): Electric drive for new energy vehicles: full of wind and rain, finally seeing the light of day
OEMs: How to understand the “quantity, price, and profit” of electric drive systems? As the power source for new energy vehicles, the electric drive system consists of a drive motor, motor controller, and transmission assembly, and also supports the small three batteries (high voltage distribution box (PDU)) as accessories
Express News | Huichuan Technology: This year, it will seize market opportunities brought by equipment updates and other outlets
Huichuan Technology (300124): The NEV business is growing rapidly, and overseas business is expected to break through
Performance Overview: Achieved revenue of 30.42 billion yuan in 2023, YOY +32.2%; recorded net profit of 4.74 billion yuan, YOY +9.8%; net profit after deduction of 4.07 billion yuan, YOY +20.1%. which
Huichuan Technology (300124): Steady growth in industrial control business, rapid expansion of NEV business
Incident: In 2023, the company achieved revenue of 30.420 billion yuan, a year-on-year increase of 32.21%; realized net profit to mother of 4.742 billion yuan, an increase of 9.77% over the previous year. In the first quarter of 2024, the company achieved revenue6
Deep* Company* Huichuan Technology (300124): Industrial control performance is steady, and the NEV business is starting to expand
The company released the 2023 annual report and the 2024 quarterly report. The performance increased by 9.77%/8.56% year-on-year respectively. The company's performance was steady, moderate and positive, and the NEV sector entered the fast track of development; the purchase rating was maintained. Key points supporting the rating
Bank of China Securities released a research report on April 25 stating that Huichuan Technology (300124.SZ) was given a purchase rating. The main reasons for the rating include: 1) the company released the 2023 annual report and the 2024 quarterly report
Bank of China Securities released a research report on April 25 stating that Huichuan Technology (300124.SZ) was given a purchase rating. The main reasons for the rating include: 1) the company released the 2023 annual report and the 2024 quarterly report, with a year-on-year increase of 9.77%/8.56%, respectively. The company's performance is steady, moderate and positive, and the NEV sector has entered the fast track of development; 2) the leading advantages in the field of general automation and steady revenue growth; 3) the performance of business segments such as industrial robots is impressive; 4) the NEV business has entered a harvest period, and the revenue growth rate has remained at a high level. (Mainichi Keizai Shimbun)
Shenzhen Inovance Technology Co.,Ltd Just Missed Earnings - But Analysts Have Updated Their Models
Last week, you might have seen that Shenzhen Inovance Technology Co.,Ltd (SZSE:300124) released its quarterly result to the market. The early response was not positive, with shares down 4.2% to CN¥59.
Huichuan Technology (300124): Q1 performance exceeds forecast, and the 24-year target continues
Core view: GM's business bucked the trend in '23, and new energy vehicles have achieved profits. The company released its 23 annual report and its quarterly report for '24. In '23, the company achieved revenue of 30.42 billion yuan, +32% year-on-year, and net profit of 47
Beishui added nearly HK$800 million to sell Meituan for over HK$1.5 billion; Nanshui bought Ping An of China for over HK$500 million
On April 24 (Wednesday), Southbound made net purchases of HK$1,995 million in Hong Kong stocks today. The Hong Kong Stock Exchange and China Mobile received net purchases of HK$736 million and HK$494 million respectively.
Huichuan Technology (300124): New energy vehicle business continues to increase, leading industrial control companies go overseas and accelerate
Incident: In 2023, the company achieved operating income of 30.420 billion yuan, 32.21% year-on-year; net profit to mother of 4.742 billion yuan, or 9.77% year-on-year; realized net profit without deduction of 4,071 billion yuan, year-on-year 2
Research Report: Guoxin Securities: Maintaining Huichuan Technology's “Buy” Rating, NEV Business Turned Losses into Profits Last Year
Gelonghui, April 24 | According to Guoxin Securities Research Report, Huichuan Technology (300124.SZ)'s net profit in 2023 increased 9.8% year-on-year, and the NEV business turned a loss into a profit. The company's business target for 2024 is a 15% to 35% year-on-year increase in revenue and a 5% to 20% year-on-year increase in net profit to mother. The company is a domestic industrial control leader. It has strong growth resilience. It has long benefited from the major trends of intelligent manufacturing and industrial upgrading, and has broad development space. Considering the weak demand in the industrial automation industry, the company increased strategic business investment, slightly lowered the 2024-2025 profit forecast, and maintained a “buy” evaluation
Nomura Adjusts Shenzhen Inovance Technology's Price Target to 70 Yuan From 76 Yuan, Keeps at Buy
Shenzhen Inovance Technology (SHE:300124) has an average rating of buy and price targets ranging from 36 yuan to 72 yuan, according to analysts polled by CapitalIQ. Price (RMB): ¥59.18, Change: ¥-0.77
Cinda Securities released a research report on April 24 stating that it gave Huichuan Technology (300124.SZ) a purchase rating. The main reasons for the rating include: 1) the general automation business is growing against the trend, and overseas sales co
Cinda Securities released a research report on April 24 stating that it gave Huichuan Technology (300124.SZ) a purchase rating. The main reasons for the rating include: 1) the general automation business is growing against the trend, and overseas sales continue to accelerate; 2) the NEV business continues to grow rapidly, which is expected to gradually release profits. (Mainichi Keizai Shimbun)
Huichuan Technology (300124): Net profit due to mother increased 9.8% year-on-year in 2023, and the NEV business turned a loss into a profit
In 2023, operating income increased 32.21% year over year, and net profit to mother increased 9.77% year over year. The company achieved revenue of 30.420 billion yuan in 2023, an increase of 32.21% over the previous year; net profit to mother of 4.742 billion yuan
Southwest Securities released a research report on April 24 stating that Huichuan Technology (300124.SZ) was given a holding rating. The main reasons for the rating include: 1) Profitability is under pressure in the short term, and cost control is good; 2
Southwest Securities released a research report on April 24 stating that Huichuan Technology (300124.SZ) was given a holding rating. The main reasons for the rating include: 1) Profitability is under pressure in the short term, and cost control is good; 2) General automation: in '23, the company's share increased significantly with the advantages of leading domestic brands and comprehensive solutions and deep exploration of downstream structural opportunities; 3) New energy vehicles: Continued high sales growth drives sector profit release; 4) Digital business: giving full play to the advantages of the company's automation and digital platforms to provide cost-effective solutions. (Mainichi Keizai Shimbun)
Huichuan Technology (300124): The NEV business is growing rapidly and the internationalization strategy continues to deepen
Event: Huichuan Technology announced the 2023 Annual Report & 2024 Quarterly Report on April 23: The company's revenue in 2023 was 30.420 billion yuan, +32.21% year-on-year, and net profit to mother was 4.742 billion yuan.
Huichuan Technology (300124): Industrial control faucets cross the cycle electric drive and enter the harvest period
Investment highlights 2023 and 2024Q1 revenue +32% YoY/+36%, net profit to mother +10%/9% YoY, net profit +20%/+27% YoY after deducting non-net profit. The performance is in line with market expectations. The company has been in business for 23 years
Research Nuggets丨CICC: Maintaining Huichuan Technology's “outperforming the industry” rating, the automobile business broke through a profit inflection point
Gelonghui, April 23 | CICC's research report indicates that Huichuan Technology (300124.SZ)'s 2023 and 1Q24 results are in line with expectations, industrial control continues to grow countercyclically, and the automobile business has broken through a profit inflection point. The company's automobile revenue in 2023 reached 9.4 billion yuan, accounting for more than 30% of revenue, making it the company's second largest business. We also saw that United Dynamics achieved net profit of 260 million yuan in 2023, an increase of 460 million yuan per head of state profit. We believe that the scale effect is the key to the profitability of the automobile business, and we continue to be optimistic about the profit contribution of the company's automobile business. In addition, the company's overseas business is still small, but the revenue growth rate is fast and continues to be positive
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