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CITIC Expo (688408): Performance continues to exceed expectations, tracking bracket demand is being released at an accelerated pace
The company's operating conditions in 2023 and the first quarter of 2024: According to the company's 2023 report, the company achieved operating income of 6.39 billion yuan in 2023, an increase of 72.6% over the previous year; achieved a net profit of 3.4 billion yuan to mother
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Express News | CITIC added a new overseas production base
CITIC Expo (688408): First-quarter results exceeded expectations, and the tracking bracket is expected to maintain high growth
Incident: The company released a first-quarter report stating that net profit attributable to owners of the parent company for the first quarter was 154 million yuan, up 297.18% year on year; operating income was 1,814 billion yuan, up 122.47% year on year; basic earnings per share
CITIC Expo (688408): Revenue and profit both greatly exceeded expectations, and on-hand orders reached record highs
Incident: The company announced its results for the first quarter of 2024. During the reporting period, it achieved operating income of 1,814 million yuan, or 122% year on year; net profit to mother of 154 million yuan, 297% year on year; deducted non-net profit of 143 million yuan, year on year 88
Minsheng Securities released a research report on April 25 stating that it gave CITIC (688408.SH) a recommended rating. The main reasons for the rating include: 1) high year-on-year increase in sales volume and sufficient on-hand orders; 2) cost reduction
Minsheng Securities released a research report on April 25 stating that it gave CITIC (688408.SH) a recommended rating. The main reasons for the rating include: 1) high year-on-year increase in sales volume and sufficient on-hand orders; 2) cost reduction and efficiency continued to advance, and profitability increased significantly; 3) overseas production capacity continued to expand, which is expected to benefit from emerging markets. (Mainichi Keizai Shimbun)
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