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SWHY's investment strategy for the home appliance Industry in 2025: Internal and external resonance, prosperity upturn in 2025.
The demand in the home appliance Industry has significantly improved, valuations have rebounded from the bottom, the Sector's valuations have been significantly repaired, and it still offers a high cost-performance ratio for allocation.
Zhejiang Dun'an Artificial Environment (002011.SZ): Thermal Management products for autos have covered most models of BYD, including the Qin L and Seal 06.
On December 24, Gelonghui reported that Zhejiang Dun'an Artificial Environment (002011.SZ) stated on the investor interaction platform that BYD is an important client of the company, and the company's thermal management products have covered most of BYD's models, including the Qin L and Seal 06.
Zhejiang Dun'an Artificial Environment (002011): The net income attributable to the parent company is growing rapidly, accelerating the layout of new energy vehicle thermal management.
Investment Highlights: zhejiang dun'an artificial environment released the report for the first three quarters of 2024. (1) Q1-Q3 2024: Revenue of 9.336 billion yuan, a year-on-year increase of 10.54%; net income attributable to the parent company of 0.649 billion yuan, a year-on-year increase.
Zhejiang Dun'an Artificial Environment (002011): Cooling equipment demand declined, significant impairment affecting current period profit.
Summary of this report: The company's profit in Q3 24 was under pressure due to impairment, and subsequent benefits from the catalyzing effect of old-for-new on downstream demand and potential impairment provision reversals may gradually improve revenue and profit. Investment Highlights: Lowering profit forecasts, maintaining
Zhejiang Dun'an Artificial Environment (002011): Cautionary provisioning leads to performance fluctuations, Q4 may benefit from the bullish sentiment brought by the replacement of old with new.
Event: In the first three quarters of 2024, the company achieved revenue of 9.34 billion yuan, a year-on-year increase of +10.54%; net income attributable to the parent company was 0.65 billion yuan, a year-on-year increase of +20.10%; non-net income attributable to the parent company was 0.63 billion yuan, a year-on-year increase of +0.81.
Zhejiang Dun'an Artificial Environment (002011): Stable income growth, historical bad debt provision dragging down profits.
Performance review for Q3 2024: Performance below our expectations. Company releases Q3 2024 performance: Revenue for 1-3Q24 was 9.336 billion yuan, +10.54% year-on-year, net income attributable to the parent company was 0.649 billion yuan, +20.10% year-on-year.
