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Express News | SWS Research has given an initial buy rating to Hangcha Group Co., Ltd.
hangcha group (603298): Q3 revenue declined due to domestic demand drag, profit performance still outstanding.
Core viewpoint in Q3 2024, the company's revenue decreased by about 3% year-on-year, mainly due to the decline in domestic market revenue, while overseas revenue is expected to continue to grow at a high rate. Net income attributable to the parent company increased by about 9% year-on-year, with a nearly 3 percentage point increase in gross margin, benefiting from the overseas share.
Hangcha Group (603298): Leading domestic forklift company with rapid overseas business development.
Key points: Hangcha Group: Hangcha Group, the leader of China's forklift industry, was established in 1956 as Hangzhou Machinery Repair Factory. In 1979, it was renamed Hangzhou Forklift Factory and began specialized production of forklifts. 2000.
Hangcha Group Co., Ltd Recorded A 17% Miss On Revenue: Analysts Are Revisiting Their Models
Hangcha Group (603298): Firm footsteps in internationalization, continuous optimization of profitability.
Event: hangcha group released the third quarter report for 2024. From January to September, the company achieved revenue of 12.733 billion yuan, +1.55% year-on-year, and achieved a net income attributable to the parent company of 1.573 billion yuan, +21.2% year-on-year; for Q3.
hangcha group (603298) 24Q3 performance review: domestic sales under pressure, overseas layout steadily strengthening.
Event: The company released the third quarter performance report of 2024, achieving a revenue of 12.733 billion yuan for Q1-Q3, with a year-on-year increase of 1.55%; net income attributable to the parent company was 1.573 billion yuan, with a year-on-year growth of 21.20%; single
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