600970 Sinoma International Engineering
- 12.69
- +0.17+1.36%
Sinoma International Engineering News
Sinoma International (600970) 2024 Quarterly Report Review: Exchange losses drag down net profit growth and gross margin continues to rise
Incident: The company released its 2024 quarterly report. In 24Q1, the company achieved total operating revenue/net profit attributable to mother/net profit of 102.9/6.4/650 million yuan, +2.7%/+3.1%/+12.4% year-on-year
Sinoma International (600970): Profitability continues to increase the impact of the exchange loss phase
Incident: The company released its quarterly report for the year 24, with 24Q1 revenue of 10.29 billion yuan, yoy +3%; net profit to mother of 640 million yuan, yoy +3%; deducted net profit of 650 million yuan, yoy +12%. Stable revenue and profit
Sinoma International (600970): Revenue bucked the trend and achieved positive growth, and continued improvement in business quality
The company disclosed its 2024 quarterly report: Q1 achieved total operating income and net profit of 10.288 billion yuan/636 billion yuan, up 2.7%/3.1% year-on-year respectively. Revenue in a single quarter bucked the trend and achieved positive growth, and gross margin extended
Sinoma International (600970): Steady growth in 24Q1, impressive growth in overseas business and new contracts for operation and maintenance
Incident: On April 26, 2024, the company released its report for the first quarter of 2024. In 24Q1, the company achieved revenue of about 10.288 billion yuan, +2.74% year-on-year, and achieved net profit of about 636 million yuan
Sinoma International (600970): Overseas New Signings Grow Rapidly, Gross Margin and Cash Flow Recovery
Incident: The company announced that in 2024Q1, it achieved revenue of 10.288 billion yuan, an increase of 2.74%; net profit of 636 million yuan, an increase of 3.08%; net profit after deducting non-vested net profit of 654 million yuan, an increase of 12.35%. Production and transportation
Sinoma International (600970): Steady performance, increased gross margin, high increase in new overseas orders
Core view: Sinoma International released its 2024 quarterly report. According to the first quarterly report, in 24Q1, the company achieved revenue of 10.288 billion yuan, yoy +2.7%; realized net profit of 636 million yuan, yoy +3.1%;
Tianfeng Securities released a research report on April 28 stating that it gave Sinoma International (600970.SH) a purchase rating, and the target price was 14.9 yuan. The main reasons for the rating include: 1) a steady increase in net revenue and steady
Tianfeng Securities released a research report on April 28 stating that it gave Sinoma International (600970.SH) a purchase rating, and the target price was 14.9 yuan. The main reasons for the rating include: 1) a steady increase in net revenue and steady operation of the company; 2) production and operation service orders are growing rapidly, and overseas prospects can be expected; 3) gross margin has improved, and project settlement and repayment has accelerated. (Mainichi Keizai Shimbun)
Sinoma International (600970): High growth in overseas orders, significant year-on-year improvement in gross margin
Net revenue and profit increased steadily. The company operated steadily. The 24Q1 company achieved revenue of 10.29 billion yuan, +2.74% year on year, net profit to mother of 650 million yuan, +3.08% year on year, and 650 million yuan after deducting non-net profit, +1 year on year
Sinoma International (600970): Achieved growth under the influence of 24Q1 operations and high foreign exchange orders
Event Overview: The company released its 2024 quarterly report: achieved operating income of 10.288 billion yuan, +2.74% year over year; realized net profit of 636 million yuan, +3.08% year over year; net profit without return to mother 6.5 million yuan
Sinoma International (600970): Q1 results are in line with expectations, gross margin and cash flow improved markedly
Q1 Revenue performance was in line with expectations, and exchange losses fluctuated in the short term. The company announced that it achieved operating income of 10.288 billion yuan in the first quarter of 2024, an increase of 2.74% over the previous year; realized net profit to mother of 636 million yuan, an increase of 3
Sinoma International (600970): Exchange losses are dragging down performance, operation and maintenance, and the growth rate of new overseas signings is strong
1Q24 results are in line with our expectations. The company announced 1Q24 results: revenue of 10.29 billion yuan, +2.74% year on year, net profit to mother of 636 million yuan, +3.08% year on year, net profit of 654 million yuan
Sinoma International (600970): Transformation and steady promotion of operational quality and efficiency improvement
24Q1 revenue/net profit +2.7%/+3.1% YoY, maintaining the “Buy” rating, the company achieved revenue/net profit of RMB 102.88/636 billion yuan in 2024Q1, +2.7% /+3.1
SINOMA INTERNATIONAL ENGINEERING(600970):FOREX LOSS DRAGS EARNINGS; O&M AND OVERSEAS NEW ORDERS GROW STRONGLY
1Q24 results in line with our expectationsSinoma International Engineering annou
China Building Materials (03323): Sinoma International (600970.SH)'s net profit for the first quarter was about 636 million yuan, up 3.08% year-on-year
China Building Materials (03323) announced Sinoma International (600970.SH)'s results for the first quarter of 2024, business...
Sinoma International (600970): Significant increase in new overseas signings, continuous optimization of the order structure
The incident described Sinoma International released 2024Q1 order data, achieving a total order value of 21.22 billion, a year-on-year decrease of 2%. Among them, engineering, equipment, operation and maintenance were -12%, +2%, and +43% year-on-year, respectively, with domestic and overseas year-on-year ratios
Sinoma International (600970): There is still a way to take off overseas, and the trifecta is particularly promising
Key investment points The world's largest cement system service provider. China Building Materials Group's international “pioneer” company is the world's largest cement technology and equipment engineering system integration service provider. The main cement technology equipment and engineering industry has had a share of the global market for 16 consecutive years
Earnings Working Against Sinoma International Engineering Co.,Ltd's (SHSE:600970) Share Price
Sinoma International Engineering Co.,Ltd's (SHSE:600970) price-to-earnings (or "P/E") ratio of 11.3x might make it look like a strong buy right now compared to the market in China, where around half o
Sinoma International (600970) business data review for the first quarter of 2024: Under a high base, there was a slight year-on-year decline in operation and maintenance, and a high increase in new contracts signed overseas
Event: The company announced operating data for the first quarter of 2024. In 24Q1, the company signed a new contract of 212 billion yuan, -2% year on year; unfinished contract amount was 55.4 billion yuan, -6.6% year over year. New contracts signed for engineering technology services under a high base
Sinoma International's Newly Signed Contract Value Slides 2% in Q1
Sinoma International Engineering's (SHA:600970) total value of newly signed contracts slid 2% year over year to 21.22 billion yuan in the first quarter, according to a Thursday filing with the Shangha
Sinoma International (600970): Overseas orders continue to increase, and the operation and maintenance business has performed well
Overseas orders continued to be booming, and the operation and maintenance business performed well. The company announced new orders of 21.2 billion yuan in the first quarter, down 2% year on year, mainly due to the high base for the same period last year (last year Q1 new orders surged 103% year over year, accounting for new orders for the whole year
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