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Hangzhou Robam Appliances (002508): Industry demand is sluggish, performance is declining.
The company disclosed its third quarter report: The company achieved revenue of 7.396 billion yuan in the first three quarters of 2024, a year-on-year decrease of 6.78%, achieving a net income attributable to the parent company of 1.202 billion yuan, a year-on-year decrease of 12.44%, achieving non-recurring
Express News | Jefferies Financial: downgraded hangzhou robam appliances to underperform large cap, target price of 18 yuan.
Hangzhou Robam Appliances (002508): Significant boost from old-for-new policy, expecting Q4 flexibility.
The core viewpoint of the company's release of the third quarter report for 2024 shows that both revenue and profits experienced a double-digit decline in Q3. This is mainly due to the completion and sales delay peak of new houses being over, leading to a significant reduction in demand in July and August due to insufficient demand for new homes. However, in September, there was a surge in demand for home upgrades.
Guolian: In 2024 Q3, the proportion of heavy holdings in the home appliance sector increased. The leading company in white goods is expected to benefit more from its operation.
In Q3 2024, the household electronics sector's heavy positions are ranked as follows: white goods (3.81%), upstream household appliances (0.67%), small appliances (0.57%), black goods (0.22%), lighting (0.12%), and kitchen appliances (0.02%).
hangzhou robam appliances (002508): Gross margin performance is steady, performance growth rate is expected to bottom out.
Hangzhou Robam Appliances released its Q3 financial report, with a revenue growth rate of -6.8% in the first three quarters and a net income growth rate of -12.4% for shareholders. The company announced its Q3 report for the year 2024, achieving a revenue of 7.396 billion yuan in the first three quarters of 2024, a year-on-year decrease of 6.
Hangzhou Robam Appliances Co., Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
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