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Changhua Group Third Quarter Report 2024
Changhua Holding Group (605018.SH) released its performance for the first three quarters, with a net income of 89.9762 million yuan, a year-on-year increase of 57.66%.
Changhua Holding Group (605018.SH) released the third quarter report for the year 2024, during the reporting period the company achieved revenue...
Changhua Holding Group (605018.SH): actively seeking investment and acquisition opportunities in the new energy autos industry chain incremental market, humanoid robots, and other areas.
Gelonghui October 23rd | Changhua Holding Group (605018.SH) stated on the investor interaction platform that, in terms of investment, the company adheres to a development global strategy of "industrial + investment" dual-wheel drive. Based on the principle of "focusing on the main business and strengthening it", the company will concentrate resources, actively seek investment and M&A opportunities in the new energy autos industry chain, humanoid robots, and other areas, and pursue investment returns on the premise of controllable risks.
changhua holding group (605018.SH): The company's overall revenue target for 2024 is 2.7-3 billion yuan.
On October 18th, Changhua Holding Group (605018.SH) disclosed in the investor relations activity record for October that in 2024, the company's overall revenue target is 2.7-3 billion yuan, with growth mainly coming from several aspects: first, the continuous increase in investment from the IPO projects; second, the production and volume increase of the refinancing projects; third, the company continues to strengthen cooperation with new energy customers, increase the efforts in developing new customers, and with the rapid improvement in the new energy-related components business, it will bring substantial growth space to the company. The company's new energy vehicle business has shown significant growth in recent years, and the top international new energy vehicle company will enter 2023.
Changhua Holding Group (605018.SH): The company's carbon ceramic brake system business is progressing in an orderly manner, and related projects have entered the small-scale trial production stage.
Changhua Holding Group (605018.SH) investor relations activity records for October 18th show that in 2023, the company has established a strategic partnership with KBC Corporation, Ltd., sharing resources, mutual benefits, jointly exploring the market for carbon-ceramic brake systems, and successively obtaining designated projects from well-known automotive brands such as BYD, GAC Aion, and new energy autos. According to public information, 2024 is expected to become the first year of the domestic carbon-ceramic brake disc industry, which is projected to reach nearly 10 billion in the future. Carbon-ceramic brake discs have high strength, high wear resistance, high hardness, lightweight, impact resistance, oxidation resistance, and heat resistance.
Changhua Holding Group (605018.SH): A new layout for the production line of exclusive equipment for metal-clad brake disc carbon ceramic suites.
Gelonghui October 18th|Changhua Holding Group (605018.SH) Investor Relations Activity Record for October shows that based on capacity planning, the company has newly arranged a proprietary equipment production line for carbon ceramic brake disc metal kit, with equipment gradually invested over ten million yuan, and continuously invested as the business grows. It mainly consists of precision machining equipment, the first phase production line has been installed, small-scale trial production has been completed, and mass production is expected in January 2025.
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