603298 Hangcha Group
- 17.89
- -0.46-2.51%
Hangcha Group News
Express News | Institutions are bullish on these stocks today.
Research Reports Mining丨HAITONG SEC: Assigns Hangcha Group an "Outperform the Market" rating, plans to establish an Asia Vets logistics subsidiary in the USA.
HAITONG SEC Research Reports indicate that Hangcha Group (603298.SH) plans to establish an Asia Vets Logistics subsidiary in the USA to strengthen its Global Strategy position in North America. The refinement of the Asia Vets Logistics Business is underway, and the USA subsidiary will open a new chapter in internationalization. The establishment of the USA Asia Vets Logistics company will promote the application of the company's Logistics system integration solutions and products in the North American market, empowering the company to achieve its vision of becoming a top global supplier of comprehensive Asia Vets Logistics solutions. Regarding Asia Vets Logistics, the establishment of the USA Asia Vets Logistics company is expected to accelerate the expansion of the Asia Vets warehouse logistics Business in the North American market and further enhance its competitive advantage in that region.
Hangcha Group (603298): Plans to invest in establishing a USA Asia Vets Logistics company, opening a new chapter in its Global Strategy.
Event. The company plans to establish an Asia Vets Logistics subsidiary in the USA to strengthen its strategic position in North America. According to the Hangcha Group "Announcement of the Resolution of the 19th Meeting of the 7th Board of Directors", the company intends to establish Hangcha USA Asia Vets Logistics Co., Ltd., with a registered capital of 50.
Jindao Technology (301279.SZ) has signed an order for the procurement of forklift transmission products and accessories with Hangcha Group, with a total amount of approximately 0.333 billion yuan.
Jin Dao Technology (301279.SZ) announced that from January 1, 2024, to November 25, 2024, ...
Hangcha Group (603298.SH): Plans to establish Hangcha Middle East Co., Ltd. in Dubai, UAE.
Globe News reported on November 18 that the hangcha group (603298.SH) announced that, according to the company's global layout operation strategy, to further improve the company's sales and rental network, expand overseas rental business, enhance the company's global marketing resource allocation, innovate marketing models, establish a fast and efficient operating lease system, and improve the company's brand image. The company plans to set up Hangcha Middle East Co., Ltd. in Dubai, UAE (provisional name, subject to local registration approval).
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
Hangcha's Q3 Profit Rises 9%; Shares Jump 3%
Hangcha Group: Third Quarter Report 2024
Express News | Hangcha Group: net income grew by 21.2% year-on-year in the first three quarters.
Hangcha Group (603298): The performance in the third quarter meets expectations, with the continuous promotion of internationalization and electrification in the forklift industry.
Event: On the evening of October 21st, the company released the investment highlights of the third quarter report for 2024. The performance in the first three quarters of 2024 increased by 21% year-on-year, with continuous improvement in profitability for the single quarter. The revenue for the first three quarters of 2024 was 127.
Hangcha Group (603298): Domestic sales drag down revenue, gross profit helps increase net profit.
The company released the third quarter report for 2024. In the first three quarters of 2024, the company achieved revenue of 12.73 billion yuan, up 1.6% year-on-year, and achieved a net income attributable to the parent company of 1.57 billion yuan, up 21.2% year-on-year. Looking at the third quarter alone, the company...
Soochow Securities: Forklift industry sentiment hits bottom, looking forward to domestic policy advancement, overseas channel inventory digestion, and demand recovery.
In September, forklift export sales increased by 28.5% year-on-year, while domestic sales continued to be under pressure.
Hangcha Group (603298.SH): Intending to establish Hangcha Vietnam Leasing Co., Ltd. in Vietnam.
On October 14th, according to the global strategy of hangcha group, in order to further improve the company's sales and leasing network, expand overseas leasing business, strengthen the company's global marketing resource allocation, innovate marketing models, establish a fast and efficient financial leasing and operational leasing system, enhance the company's brand image. The company plans to establish hangcha Vietnam Leasing Co., Ltd. (tentative name, subject to local registration approval) in Vietnam.
research reports Discover Gold丨guolian: Maintain a "buy" rating on hangcha group. The electrification products bring new overseas business demands to the company.
On October 12, Guolian's research report pointed out that Hangcha Group (603298.SH) is the leading enterprise in China's forklift industry, with the company's forklift sales in 2023 accounting for approximately 20.9% of China's forklift sales. At the same time, the company is increasing its sales efforts in overseas markets, with over 300 overseas dealers, the proportion of high-margin products and overseas business is expected to enhance the company's profitability. The company is actively expanding its product line, with asia vets Logistics, agv, high-altitude operation vehicles, and other differentiated products to build new competitive advantages. Considering the gradual recovery of domestic manufacturing industry sentiment; the electrification products will bring the company's overseas business.
Hangcha Group (603298): Overseas volume expands, product differentiation builds competitive barriers.
Investment Highlights: The company is a leading enterprise in the domestic forklift industry, with a market share of approximately 20.9% of China's forklift sales in 2023. At the same time, the company is increasing its sales efforts in the overseas market, with over 300 dealers abroad, offering high-margin products.
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