Baichu Electronics (688188) 2024 Quarterly Report Review: Performance exceeds market expectations, overseas expansion & high power penetration rate increase contribute to growth momentum

Incident: The company released its 2024 quarterly report. Key investment revenue continued to grow, and overseas expansion and increased power penetration contributed to growth momentum 2024Q1. The company achieved revenue of 380 million yuan, +40.3% over the same period last year. By product

東吳證券Apr 24 19:01

Baichu Electronics (688188) Comment: Q1 is not YOY 50.43%, and the progress of the intelligent welding industry is accelerating

Incident: Q1 revenue of 381 million yuan, yoy 40.31%; net profit to mother of 194 million yuan, yoy 46.55%; deducted non-net profit of 183 million yuan, yoy 50.43%; performance exceeded market expectations

申萬宏源研究Apr 24 18:32

Dongwu Securities released a research report on April 24 stating that Baichu Electronics (688188.SH) was given a purchase rating. The main reasons for the rating include: 1) continued high revenue growth, overseas expansion & high power penetration rate c

Dongwu Securities released a research report on April 24 stating that Baichu Electronics (688188.SH) was given a purchase rating. The main reasons for the rating include: 1) continued high revenue growth, overseas expansion & high power penetration rate contributed to growth momentum; 2) net profit to the mother increased 47% year-on-year, exceeding market expectations; 3) the support of platform-based basic technology enabled long-term growth. (Mainichi Keizai Shimbun)

Zhitong FinanceApr 24 18:15

Baichu Electronics (688188): 2024Q1 performance increased 47% year-on-year, domestic substitutation+category expansion dual drive

Incident: The company released the 2024 quarterly report 2024Q1, the company's revenue increased 40% year on year, and net profit to mother increased 47% year on year. The company achieved revenue of 380 million yuan in the first quarter of 2024, an increase of 40% year on year, and achieved return to mother

浙商證券Apr 24 00:00

Baichu Electronics (688188.SH): Net profit of 190 million yuan in the first quarter increased 46.55% year-on-year

On April 23, Ge Longhui Electronics (688188.SH) released its first quarter report. Operating revenue was 381 million yuan, up 40.31% year on year, net profit of 190 million yuan, up 46.55% year on year, after deducting non-net profit of 183 million yuan, up 50.43% year on year, with basic earnings of 1.32 yuan per share.

Gelonghui FinanceApr 23 17:53

Baichu Electronics (688188): 24Q1 deduction does not equal 50% high growth or continuation

The 24Q1 deduction did not equal a 50% increase. High growth or continued Baechu Electronics released a quarterly report. In Q1 2024, revenue of 381 million yuan (yoy +40.31%, qoq -8.31%) was achieved, and net profit was 1.94 million yuan

華泰證券Apr 23 00:00