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Jinlong Auto Production and Sales Data Report for December 2024
Xiamen King Long Motor Group (600686.SH): In December, bus sales reached 7,297 units, a year-on-year increase of 24.31%.
On January 7, Gelonghui reported that Xiamen King Long Motor Group (600686.SH) announced the production and sales data for December, with bus sales of 7,297 units, a year-on-year increase of 24.31%.
Research Reports Opportunity丨 Northeast Securities: Initially assigned a "Buy" rating to Xiamen King Long Motor Group, with a Target Price of 18 yuan.
On January 3, at Gelonghui | Northeast Securities' Research Reports pointed out that Xiamen King Long Motor Group (600686.SH) plans to acquire 40% equity held by Jialong (Group) Co., Ltd. in Xiamen King Long Bus Co., Ltd. The bus company will become a wholly-owned subsidiary of Xiamen King Long Motor Group. This Trade helps the company optimize resource allocation, promote the preservation and appreciation of state-owned capital. It is beneficial for the company to improve decision-making efficiency, stabilize and strengthen the market competitiveness of the whole vehicle enterprise, and better implement subsequent development plans, in line with the company's overall Global Strategy. In the future, King Long will focus on innovative R&D in areas such as autonomous driving and AI.
Soochow Brokerage Commercial Vehicle 2025 Investment Strategy: Dividend Preference.
The current sales in the heavy truck Industry are difficult to sustain, but the stock price has a safety margin; the bus Sector experiences a dual resonance of domestic and foreign demand, with leading companies concentrated, and a bullish outlook for the continued expansion of the Industry in 2025.
Xiamen King Long Motor Group (600686): Focusing on the field of autonomous driving, the future is promising.
Event: [2T0a2b4le year_S1u2m month ma3ry1] On that day, the company announced its intention to acquire 40% of the equity held by Jialong (Group) Co., Ltd. in Xiamen Golden Dragon Bus Co., Ltd., and regarding the aforementioned Equity Transfer.
Express News | Xiamen King Long Motor Group: Acquired 40% equity in King Long Bus Company for a transaction price of 0.409 billion yuan.
