Zhejiang Dingli (603338): Performance is in line with expectations, overseas growth is high

Core view: 24Q1 results are in line with expectations. The company released its annual report for '23 and its quarterly report for '24, and the results were in line with expectations. The company achieved revenue of 1.57 billion yuan in 23Q4, an increase of 23% over the previous year; achieved a net profit of 5.7 billion yuan to mother

廣發證券Apr 26 19:11

Zhejiang Dingli (603338) 2023 Annual Report and 2024 Quarterly Report Review: Increased profit margins brought significant performance growth in 23 years, and arm products performed brilliantly

Increased profit margins led to a sharp increase in 23 years of performance Zhejiang Dingli achieved operating income of 6.31 billion yuan in 2023, an increase of 15.9% year on year; realized net profit to mother of 1.87 billion yuan, up 48.5% year on year; earnings per share

光大證券Apr 26 16:56

Zhejiang Dingli (603338): High-end arm release of the Phase V factory fully benefited from the forward-looking layout of the North American Gaojing Company

Matters: The company publishes the 2023 Annual Report and the 2024 Quarterly Report. The company achieved revenue of 6.312 billion yuan in 2023, an increase of 15.92% over the previous year, and achieved net profit of 1,867 billion yuan to mother, an increase of 48 yuan over the previous year

華創證券Apr 26 11:32

Dongwu Securities released a research report on April 25 stating that it gave Zhejiang Dingli (603338.SH) a buying rating. The main reasons for the rating include: 1) performance is in line with expectations; 2) benefiting from product structure optimizat

Dongwu Securities released a research report on April 25 stating that it gave Zhejiang Dingli (603338.SH) a buying rating. The main reasons for the rating include: 1) performance is in line with expectations; 2) benefiting from product structure optimization, lower raw material prices, and cost reduction in lean production, gross margin increased significantly; 3) it is planned to invest 1.7 billion yuan to build a new production base, and production capacity for new energy vehicles is expected to expand further. (Mainichi Keizai Shimbun)

Zhitong FinanceApr 25 23:15

Zhejiang Dingli (603338): Profit declined year-on-year due to losses, optimistic about the company's increase in North America's arm size and profitability

1Q24 performance fell short of market expectations. The company announced 2023 results: revenue of 6.312 billion yuan, +16% year over year; net profit to mother of 1,867 billion yuan, +49% year over year. The results were in line with our expectations. Company Announces 1Q2

中金公司Apr 25 15:56

Guolian Securities released a research report on April 25 stating that it gave Zhejiang Dingli (603338.SH) a purchase rating, and the target price was 77.76 yuan. The main reasons for the rating include: 1) the company's arm aerial work platform was promo

Guolian Securities released a research report on April 25 stating that it gave Zhejiang Dingli (603338.SH) a purchase rating, and the target price was 77.76 yuan. The main reasons for the rating include: 1) the company's arm aerial work platform was promoted smoothly in 23, and both domestic and foreign markets achieved growth; 2) the company's gross margin increased significantly in 23, and profitability improved; 3) the 24Q1 company's net profit declined, mainly due to non-operating profits and losses caused by Hongxin C&D. (Mainichi Keizai Shimbun)

Zhitong FinanceApr 25 15:24