603889 Zhejiang Xinao Textiles Inc.
- 7.56
- -0.01-0.13%
Zhejiang Xinao Textiles Inc. News
New Australia Shares (603889.SH) plans to pay 0.3 yuan per share in dividends on May 24
New Australia Shares (603889.SH) announced that the company's 2023 equity distribution plan is to distribute a cash dividend of 0.30 yuan (tax included) per share. The cash dividend payment date is May 24, 2024.
Zheshang Securities Textile and Apparel Annual Report 23 and 24 Quarterly Report Performance Overview: Strong Export Chain and Brand-Side Differentiation
Textile and garment industry 23 annual report & 24 quarterly report performance summary
Zhejiang Xinao Textiles' (SHSE:603889) Solid Earnings May Rest On Weak Foundations
The recent earnings posted by Zhejiang Xinao Textiles Inc. (SHSE:603889) were solid, but the stock didn't move as much as we expected. However the statutory profit number doesn't tell the whole story
New Australia Shares (603889): Growth potential continues to strengthen
The company released 24Q1 earnings report with operating income of 1.1 billion yuan, an increase of 12%; net profit to mother of 96 million yuan, an increase of 6.6%; withheld of 93 million yuan, an increase of 6.4%; gross profit margin of 19.9% for the current period, an increase of 0.6 pct
Xinao Co., Ltd. (603889): Wool+cashmere two-wheel drive continues to fulfill expectations for a steady recovery in gross prices in 2024
Investment Highlights The company announced its 2023 annual report and 2024 quarterly report: 1) 2023: revenue of 4.438 billion yuan/yoy +12.37%, net profit of 404 million yuan/yoy +3.7%, deducted
Guoxin Securities released a research report on April 25 stating that the target price for the purchase rating of Xinao shares (603889.SH) is 8.4-9.0 yuan. The main reasons for the rating include: 1) business indicators remain positive, and capital expend
Guoxin Securities released a research report on April 25 stating that the target price for the purchase rating of Xinao shares (603889.SH) is 8.4-9.0 yuan. The main reasons for the rating include: 1) business indicators remain positive, and capital expenditure has increased significantly; 2) outlook: the growth rate of wool and worsted textile orders is impressive, the Q1 profit level has increased, and I am optimistic about the release of domestic and foreign production capacity; 3) textile, apparel and textile manufacturing. (Mainichi Keizai Shimbun)
New Australia shares (603889): Revenue increased 13% in the first quarter, gross margin increased slightly
Revenue increased by 12.5% in the first quarter, and the net interest rate declined slightly due to an increase in financial expenses. The company is a leading manufacturer of wool and cashmere spinning spindles. In the first quarter of 2024, the company's revenue increased 12.5% year-on-year to 1.1 billion yuan, returning net profit to mother
New Australia shares (603889): 24Q1 revenue growth is good, wool prices are at the bottom to rise
Core view In 2023, the company achieved revenue of 4.438 billion yuan/ +12.4%; net profit to mother 404 million yuan/ +3.7%; 24Q1 achieved revenue of 110 billion yuan/ +12.5%; return to mother
New Australia Shares (603889): The Q1 net profit growth rate was mainly affected by the financial expense ratio
Incident Overview In 2024Q1, the company's revenue/net profit attributable to mothers/net profit deducted from non-mother profit/net operating cash flow were 11.00/0.96/0.93/-291 million yuan, respectively, up 12.48% /6.59 million yuan over the previous year
New Australia Co., Ltd. (603889): Q1 performance exceeded expectations, received strong orders, and expanded production positively
Report guide: Q1 revenue and profit both exceeded expectations. Orders have been strong since April, and production expansion plans are positive in 2024. Investment highlights: Investment advice: We maintain the 2024-26 EPS forecast of 0.64/
Depth* Company* Xinao Shares (603889): Volume growth drives revenue growth for the full year of 23 and anticipates a recovery in profit levels
The company announced its 2023 annual report on April 17. Revenue for the full year of 2023 was 4.438 billion yuan, an increase of 12.37%, and net profit to mother was 404 million yuan, an increase of 3.70%. Deduct non-net profit of 389 million
Bank of China Securities released a research report on April 23 stating that it gave a purchase rating to New Australia shares (603889.SH). The main reasons for the rating include: 1) the steady increase in production capacity drives a steady increase in
Bank of China Securities released a research report on April 23 stating that it gave a purchase rating to New Australia shares (603889.SH). The main reasons for the rating include: 1) the steady increase in production capacity drives a steady increase in total revenue; 2) wool prices are under pressure and the gross profit margin is expected to increase; 3) short-term wool prices are under pressure, and the company's business conditions are improving in the medium to long term. (Mainichi Keizai Shimbun)
Xinao Co., Ltd. (603889) Comment: The peak season will welcome order conversion and shipment, and the profit growth rate will pick up quarter by quarter
Investment highlights: The company released its quarterly report for the year 24:24Q1 revenue of 1.10 billion yuan (+12.5% year over year), better than expected. Net profit to mother was 96 million yuan (+6.6% year over year), in line with expectations. 24Q1 hair
New Australia Co., Ltd. (603889): Performance is in line with expectations and can be expected to be low around 2024
The incident described the company's revenue, net profit attributable to mother, and deducted non-net profit of RMB 4.44, 4.04, and 389 million yuan in 2023, with year-on-year changes of 12.4%, 3.7%, and 13.3%. Among them, single Q4 achieved revenue and net profit returned to mother
New Australia Co., Ltd. (603889): Wool prices steadily rebounded in Q1, and the company's profit improved significantly
Event: The company released its 2024 quarterly report. 2024Q1 achieved revenue of 110 billion yuan, +12.5% year-on-year and +18.5% month-on-month; realized net profit of 96 million yuan, +6.6% year-on-year.
New Australia Co., Ltd. (603889): Continuing to expand production capacity and expect profitability to pick up quarterly
In 2023, the company's revenue and net profit were +12.4% and +3.7%, respectively, and +12.5% and +6.6% year-on-year in 24Q1, respectively. Various business segments grew steadily, wool and cashmere production capacity was released, and sales increased. 24Q
New Australia Co., Ltd. (603889.SH) announced first-quarter results, net profit of 96.05 million yuan, up 6.59% year on year
According to the Zhitong Finance App, Xinao Shares (603889.SH) disclosed its report for the first quarter of 2024. During the reporting period, the company achieved revenue of 1.1 billion yuan, an increase of 12.48%; net profit to mother was 96.05 million yuan, an increase of 6.59% year on year; after deducting non-net profit of 93.45 million yuan, an increase of 6.37% year on year. Basic earnings per share were $0.13.
New Australia Co., Ltd. (603889): Performance growth shows resilience, and new production capacity is progressing steadily
The company released its 2023 annual report, achieving operating income of 4.44 billion yuan, a year-on-year increase of 12.4%, and net profit of 404 million yuan, an increase of 3.7% year-on-year, after deducting a non-profit increase of 13.26%. After 23 years of continuous Australian gross prices
New Australia Co., Ltd. (603889): 2024Q1 results are in line with expectations, sales of core products grew rapidly year-on-year
The company released its 2024Q1 quarterly report, with revenue +12% /performance +7%, in line with expectations. 2024Q1 achieved revenue of 1.10 billion yuan, +12% year over year, performance of 100 million yuan, +7% year over year, after deducting non-performance
Tianfeng Securities released a research report on April 21 stating that it maintains the New Australia Stock (603889.SH) purchase rating. The main reasons for the rating include: 1) the company released its 2023 annual report, with revenue of 4.438 billio
Tianfeng Securities released a research report on April 21 stating that it maintains the New Australia Stock (603889.SH) purchase rating. The main reasons for the rating include: 1) The company released its 2023 annual report, with revenue of 4.438 billion yuan, an increase of 12.4%; a return of 404 million yuan, an increase of 3.7%; deducted 389 million yuan, an increase of 13.3%; 2) diversified supply drives order growth, the cashmere yarn business develops steadily, and the wool spinning business operates efficiently; 3) Steady expansion of production capacity and gradual release of scale effects; 4) Broadband strategy to expand the market; 5) expand the market in 2020
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