000581 Weifu High-Technology Group
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Weifu High-Technology Group News
Weifu Hi-Tech (000581.SZ): Net profit of 549 million yuan in the first quarter increased 32.39% year-on-year
On April 24, Ge Longhui (000581.SZ) released its report for the first quarter of 2024. Operating revenue for the reporting period was 2.03 billion yuan, down 7.66% year on year; net profit attributable to shareholders of listed companies was 549 million yuan, up 32.39% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 549 million yuan, up 54.35% year on year; basic earnings per share were 0.56 yuan.
Weifu High-Technology Group's (SZSE:000581) Shareholders May Want To Dig Deeper Than Statutory Profit
Following the solid earnings report from Weifu High-Technology Group Co., Ltd. (SZSE:000581), the market responded by bidding up the stock price. While the profit numbers were good, our analysis has
Shareholders 9.1% Loss in Weifu High-Technology Group (SZSE:000581) Partly Attributable to the Company's Decline in Earnings Over Past Three Years
While not a mind-blowing move, it is good to see that the Weifu High-Technology Group Co., Ltd. (SZSE:000581) share price has gained 24% in the last three months. If you look at the last three year
Weifu Hi-Tech (000581.SZ): Net profit for 2023 increased by 1446.28% to 1,837 billion yuan, plans to distribute 10 yuan
On April 15, Ge Longhui (000581.SZ) announced its 2023 annual report. In 2023, the company achieved operating income of 11.093 billion yuan, a year-on-year decrease of 12.86%; net profit attributable to shareholders of listed companies was 1,837 billion yuan, up 1,446.28% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 1,597 billion yuan, an increase of 1,231.47% year on year; basic income per share was 1.88 yuan; it plans to distribute a cash dividend of 10.00 yuan (tax included) to all shareholders for every 10 shares.
Is Weifu High-Technology Group (SZSE:000581) Using Debt In A Risky Way?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know wor
Weifu High-Technology Ties Up With Voith to Invest 120 Million Euros for Hydrogen Storage Systems Production
Weifu High-Technology (SHE:000581, SHE:200581) agreed with German technology firm Voith Group to invest 120 million euros for the development of hydrogen storage systems. Both parties signed a memoran
Weifu Hi-Tech (000581.SZ): Plans to develop in-depth strategic cooperation with Voight Group in R&D and industrialization of IV high-pressure (70MPa) hydrogen storage system products
Gelonghui, Feb. 22 | Weifu Hi-Tech (000581.SZ) announced that in order to meet global energy changes and low carbon development trends and jointly promote the development of hydrogen energy business, Wuxi Weifu Hi-Tech Group Co., Ltd. signed a “Memorandum of Cooperation” with Voith GmbH & Co.KGAA (hereinafter referred to as “Voith Group”) on February 22, 2024. The two sides will give full play to their respective advantages and carry out in-depth strategic cooperation in the development and industrialization of IV high-pressure (70MPa) hydrogen storage system products. Among them, the two sides plan to jointly carry out investment actions at home and abroad, including overseas (
Weifu High-Technology Group Co., Ltd.'s (SZSE:000581) Price Is Out Of Tune With Revenues
There wouldn't be many who think Weifu High-Technology Group Co., Ltd.'s (SZSE:000581) price-to-sales (or "P/S") ratio of 1.5x is worth a mention when the median P/S for the Auto Components industry i
Weifu Hi-Tech (000581.SZ): 2023 net profit pre-increased by 1413%-1623%
Gelonghui, January 25 | Weifu Hi-Tech (000581.SZ) announced its 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 1,797.17 million yuan - 2047.17 million yuan, an increase of 1413%-1623% over the same period last year; net profit profit after deducting non-recurring profit and loss was 1,592.99 million yuan - 1842.99 million yuan, an increase of 1228% to 1436% over the same period last year; basic earnings per share were 1.64 yuan/share - 1.90 yuan/share. In the same period last year, the company accrued 16 credit impairment losses due to “platform trade” fraud
While Private Equity Firms Own 21% of Weifu High-Technology Group Co., Ltd. (SZSE:000581), Retail Investors Are Its Largest Shareholders With 51% Ownership
Key Insights Significant control over Weifu High-Technology Group by retail investors implies that the general public has more power to influence management and governance-related decisions A total
Weifu Hi-Tech (000581.SZ): The holding subsidiary plans to establish a joint venture company, Wuxi Zhuowei Hi-Tech
Gelonghui, December 28 | Weifu Hi-Tech (000581.SZ) announced that in order to extend the post-processing business value chain, the holding subsidiary of Wuxi Weifu Hi-Tech Group Co., Ltd. (“Weifu Hi-Tech” or the “Company”), Wuxi Weifulida Catalytic Purifier Co., Ltd. (“Weifu Lida” for short), Shanghai Weiyi Enterprise Management Co., Ltd. (“Shanghai Weiyi”) and Wuxi Weiyi Enterprise Management Partnership (Limited Partnership) (“Wuxi Weiyi”) signed a “Joint Venture Agreement” on December 27, 2023. The establishment of Wuxi Zhuo was funded by monetary means Weigao Technology Co., Ltd. (temporary
Weifu Hi-Tech (000581.SZ): Holds 20% of the shares of Zhonglian Automotive Electronics Co., Ltd.
On December 6, Gelonghui (000581.SZ) stated on the investor interactive platform that the company holds 20% of the shares of Zhonglian Automobile Electronics Co., Ltd., and Zhonglian Automobile Electronics Co., Ltd. holds 49% of the shares of United Automobile Electronics Co., Ltd.
[Instant Analysis of BT Financial Report] Weifu Hi-Tech 2023 Third Quarter Report: Balance Sheet Optimization and Steady Growth in Net Profit
Announcement time of this financial report: 2023-10-24 16:57:48 Weifu Hi-Tech (stock code: 000581) is a company focusing on R&D, production and sales of core automotive component products. Its main products include diesel fuel injection system products, exhaust aftertreatment system products, and intake system products. How was the company's business performance in the third quarter of 2023? Let's take a look at the financial data to find out. First, from the perspective of assets and liabilities, Weifu Hi-Tech's total assets decreased from 28.529 billion yuan at the end of the previous year to 27.542 billion yuan at the end of this reporting period. The balance of liabilities
Weifu Hi-Tech (000581.SZ): Net profit of 1,322 billion yuan in the first three quarters increased 4.37% year-on-year
Glonghui, October 24: Weifu Hi-Tech (000581.SZ) announced its third quarter report. Revenue was 8.342 billion yuan, down 14.39% year on year, net profit was 1,322 billion yuan, up 4.37% year on year, after deducting non-net profit of 1,197 billion yuan, down 10.57% year on year, and basic earnings per share were 1.36 yuan.
Is Weifu High-Technology Group (SZSE:200581) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know wor
Interpretation of Weifu Hi-Tech's 2023 Interim Report: Net cash flow from operating activities has risen sharply, and net profit has declined slightly
According to Weifu Hi-Tech's 2023 interim report data, the company's revenue was 6,129,649,047.40 yuan, down 14.12% from 7,137,172,857.97 yuan in the same period last year. This may be due to factors such as changes in the market environment or adjustments in the company's business. Net profit attributable to shareholders of listed companies was 948,760,859.55 yuan, down 13.05% from 1,091,126,480.08 yuan in the same period last year. This indicates that the company's profitability declined during the reporting period. At the same time, deductions attributable to shareholders of listed companies are not
Weifu Hi-Tech (000581.SZ): Net profit fell 13.05% in the first half of the year to 949 million yuan
Glonghui, August 21丨Weifu Hi-Tech (000581.SZ) announced its 2023 semi-annual report. Operating income for the reporting period was 6.129.6 billion yuan, down 14.12% year on year; net profit attributable to shareholders of listed companies was 949 million yuan, down 13.05% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 831 million yuan, down 26.30% year on year; basic earnings per share were 0.98 yuan.
Individual Investors Invested in Weifu High-Technology Group Co., Ltd. (SZSE:200581) Copped the Brunt of Last Week's HK$457m Market Cap Decline
Key Insights Significant control over Weifu High-Technology Group by individual investors implies that the general public has more power to influence management and governance-related decisions 45%
Weifu Hi-Tech (000581.SZ): Plans to take the opportunity to sell stock assets such as Guolian Securities and Zotye Auto
GLONGHUI, August 3, 丨Weifu Hi-Tech (000581.SZ) announced that the company currently directly holds 4,710,000 shares of Tianqi shares, accounting for 1.24% of its total share capital; directly holds 12,987,600 shares of Dynamics Xinke A shares, accounting for 0.94% of its total share capital; directly holds 12,000,000 A-shares of Guolian Securities, accounting for 0.42% of its total share capital; indirectly holds 108,548 shares of Zotye Auto shares; indirectly holds 12,69548 shares of Lifan Technology shares. The board of directors of the company agreed to authorize management and its authorized persons
Strong Week for Weifu High-Technology Group (SZSE:200581) Shareholders Doesn't Alleviate Pain of Five-year Loss
For many, the main point of investing is to generate higher returns than the overall market. But in any portfolio, there will be mixed results between individual stocks. At this point some sharehold
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