605222 Shanghai QiFan Cable
- 19.23
- +0.31+1.64%
Shanghai QiFan Cable News
Qifan Cable (605222): Performance is in line with expectations, land cable profits have recovered, and inventory price increases will increase Q2 profits
Investment highlights: Event: On the evening of April 29, 2024, the company released its quarterly report for the year 24. Q1 results were in line with expectations, and land cable profits recovered month-on-month. 24Q1 achieved revenue of 4.8 billion yuan, +5% /-25 month-on-month
Qifan Cable (605222.SH)'s net profit of 85.3 million yuan in the first quarter decreased by 44.89% year-on-year
Gelonghui, April 29丨Qifan Cable (605222.SH) announced that in the first quarter of 2024, the company's revenue was 4.8 billion yuan, up 5.27% year on year; net profit attributable to shareholders of listed companies was 85.3 million yuan, a year-on-year decrease of 44.89%; and basic earnings per share were 0.20 yuan/share.
Qifan Cable (605222.SH): No products related to high-speed copper cable connections
Gelonghui, April 11 | Qifan Cable (605222.SH) said on an interactive platform that the company has many product models and specifications, and is widely used in various fields such as electricity, home improvement, construction engineering, new energy, communications, ships/ships, and intelligent equipment. Runze Technology is the company's customer, and the company has no products related to high-speed copper cable connections.
Express News | Great Wall Securities: Demand for offshore wind power is about to be released
Sailing Cable (605222): Thirty years of hard work, the wind “started” when it “sailed”
Core view: established first-line cable suppliers, increase submarine cables to open up room for growth. Established in 1994, the company is the largest power cable supplier in Shanghai, specializing in various types of power cables and their supporting equipment. The company was founded in 2020
Qifan Cable (605222): 23 years of steady growth in performance and pressure on profitability
Incident: The company released its 2023 annual report. In 2023, it achieved operating income of 23.348 billion yuan, an increase of 13.10% over the previous year (compared with the 2022 data before adjustment, same below), and net profit of 423 million yuan to mother.
Qifan Cable (605222): Cash flow has improved significantly, and the submarine cable business is about to expand
Investment highlights: Incident: On the evening of March 28, 2024, the company released its annual report for the year 23, and the performance was in line with expectations. In '23, the company achieved operating income of 23.35 billion yuan, an increase of 13% over the previous year; net profit to mother was 420 million yuan, a year-on-year increase
Qifan Cable (605222.SH): Net profit increased 15.42% year-on-year in 2023, and plans to distribute 10 to 1.6 yuan
On March 28, Ge Longhui Cable (605222.SH) released its 2023 annual report. During the reporting period, it achieved 23.348 billion yuan, up 13.10% year on year; net profit attributable to shareholders of listed companies was 423 million yuan, up 15.42% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 321 million yuan, down 16.12% year on year; and basic earnings per share were 1.01 yuan. Based on the total share capital of 418,136,864 shares as of February 29, 2024, the company plans to distribute a cash dividend of 0.16 yuan per share to all shareholders of the company
Express News | Qifan Cable: Plans to terminate foreign investment and construction of the Fangchenggang submarine cable production base project
Express News | Qifan Cable: The controlling shareholder plans to sell 5.98% of the company's shares to Lifou Private Equity for 361 million yuan.
The actual controller of Qifan Cable (605222.SH) plans to transfer 5.98% of the shares to Beijing Lifu Private Equity Fund
Qifan Cable (605222.SH) issued an announcement. Zhou Guixing, the company's controlling shareholder and actual controller, is happy in 2024...
Qifan Cable (605222.SH): It is proposed to postpone the “Chizhou Qifan Wire and Cable Industrial Park Construction Project” until June 2024
Gelonghui January 11 丨 Qifan Cable (605222.SH) announced that the company plans to postpone the “Chizhou Qifan Wire and Cable Industrial Park Construction Project” until June 2024.
Qifan Cable (605222): A veteran in the cable industry, the submarine cable business is poised to go
A veteran of the wire and cable industry, opening a new chapter in developing the submarine cable business. The company was founded in 1994 and is a leader in the domestic wire and cable industry. The company used sea breezes to rush into the submarine cable market in 2021, and achieved 220KV in 2023
Qifan Cable (605222): Q3 operations are stable and profitable, and the performance of the new submarine cable base can be expected
Event: The company released its report for the third quarter of 2023. 2023Q1-Q3 achieved revenue of 16.910 billion yuan, +15.77% year-on-year; realized net profit of 405 million yuan, +31.76% year-on-year; actual
Qifan Cable (605222.SH): Existing products are not used in the HEPS (synchrotron radiation light source) accelerator field
Gelonghui November 1 | Qifan Cable (605222.SH) stated on the investor interactive platform that up to now, the company's existing products have not been used in the HEPS (synchrotron radiation light source) accelerator field.
Qifan Cable (605222): Net profit for Q3 alone increased 69% month-on-month
Event: The company released three quarterly reports. The first three quarters of 23 years achieved revenue of 16.910 billion yuan (+15.77%) and net profit of 405 million yuan (+31.76%). Achieved revenue of 62.42 in the third quarter of '23
Qifan Cable (605222): Profit restoration is obvious, and new submarine cable bases drive growth
Event: The company released its report for the third quarter of 2023. In the first three quarters of 2023, the company achieved operating income of 16.910 billion yuan, an increase of 15.77% over the previous year, and net profit of 405 million yuan, an increase of 31.76% over the previous year.
Qifan Cable (605222.SH): Net profit of 158 million yuan in the third quarter increased 4107.86% year-on-year
On October 27, Gelonghui (605222.SH) announced that in the third quarter of 2023, it achieved operating income of 6.242 billion yuan, a year-on-year decrease of 3.10%; net profit attributable to shareholders of listed companies of 155 million yuan, an increase of 4107.86% over the previous year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss of 152 million yuan, an increase of 6649.98%; basic earnings per share of 0.38 yuan.
Dow and Qifan Cable join hands to promote the development of the offshore wind power industry
Supporting the global energy transition from a carbon-intensive industry to a low-carbon Shanghai September 4, 2023 /PRNewswire/ -- The world's leading materials science company Dow Inc. (NYSE: DOW) and Shanghai Qifan Cable Co., Ltd. (hereinafter referred to as Qifan Cable) signed a Memorandum of Understanding (MoU) on strategic cooperation at the 10th China International Cable and Wire Exhibition. In the future, the two sides will work together to develop innovative solutions for submarine cables, jointly help the development of the offshore wind power industry, and accelerate the global renewable energy transformation process. In this partnership, Dow will provide END for the sailing cable
Qifan Cable (605222) 2023 semi-annual report review: 23H1's profitability is under pressure and we expect submarine cable orders to continue to break through
Incident: The company released its 2023 semi-annual report. 2023H1 achieved operating income of 10.667 billion yuan, a year-on-year increase of 30.66%, and realized net profit of 247 million yuan, a year-on-year decrease of 18.54%; of which 2
Analysis
Price Target
No Data
