Jinbei Electric (002533.SZ): Net profit of 134 million yuan in the first quarter increased 16.58% year-on-year
On April 25, Ge Longhui (002533.SZ) released its report for the first quarter of 2024, with operating income of 3,522 million yuan, up 19.01% year on year; net profit attributable to shareholders of listed companies was 134 million yuan, up 16.58% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 124 million yuan, up 19.10% year on year; basic earnings per share were 0.183 yuan.
Is There An Opportunity With Gold Cup Electric Apparatus Co.,Ltd.'s (SZSE:002533) 41% Undervaluation?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Gold cup Electric ApparatusLtd fair value estimate is CN¥18.24 Current share price of CN¥10.77 suggests Gold cup Electric ApparatusLtd is pot
Jinbei Electric (002533.SZ): Main production processes have been automated
Gelonghui, April 15 | Jinbei Electric (002533.SZ) said on the investor interactive platform that wires and cables are in the “heavy and light” industry, and direct labor costs account for a low proportion of the total cost. Workers' wages are based on a model combining basic wage plus piece-rate wages, and a reasonable remuneration plan has been formulated to ensure the stability of the industrial workforce. The company's main production processes have been automated.
Jinbei Electric (002533.SZ) subsidiary of Wuhan Second Line won pre-bid for 301 million yuan wire and cable project
Zhitong Finance App News, Jinbei Electric (002533.SZ) announced that the company's subsidiary Wuhan Second Wire & Cable Co., Ltd. (“Wuhan Second Line”) received the “Notice of Winning Bid” issued by China Railway 11th Bureau Group Construction and Installation Engineering Co., Ltd., confirming that Wuhan Line 2 was the second successful finalist. The winning product was wire and cable (DXDL01 package), and the winning bid amount was 301 million yuan (tax included).
Jinbei Electric (002533.SZ): Has repurchased a total of 0.878% of shares
Gelonghui, April 1, 丨 Jinbei Electric (002533.SZ) announced that as of March 29, 2024 (March 30 and 31 are non-trading days), the company had accumulated 6,447,000 shares of the company's shares through a dedicated share repurchase securities account, accounting for 0.8784% of the company's total share capital. Among them, the highest transaction price was 8.30 yuan/share, and the lowest transaction price was 6.79 yuan/share, with a transaction amount of 50,082,382.30 yuan (excluding transaction fees).
Jinbei Electric (002533.SZ): Net profit for 2023 increased by 41.06% to 523 million yuan, plans to pay 10 to 4 yuan
Gelonghui March 28 | Jinbei Electric (002533.SZ) announced its 2023 annual report. In 2023, the company achieved operating income of 15.293 billion yuan, an increase of 15.83%; net profit attributable to shareholders of listed companies was 523 million yuan, an increase of 41.06% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 489 million yuan, an increase of 46.47% year on year; basic income per share of 0.712 yuan; plans to distribute a cash dividend of 4 yuan (tax included) to all shareholders for every 10 shares.
Retail Investors Invested in Gold Cup Electric Apparatus Co.,Ltd. (SZSE:002533) Copped the Brunt of Last Week's CN¥418m Market Cap Decline
Key Insights Significant control over Gold cup Electric ApparatusLtd by retail investors implies that the general public has more power to influence management and governance-related decisions The t
Jinbei Electric (002533.SZ): The main products are flat electromagnetic wires and wires and cables. There are no high-speed copper cable (DAC) technology and products
Gelonghui March 21丨Jinbei Electric (002533.SZ) said on the investor interactive platform that the company's main products are flat electromagnetic wires and wires and cables, and there are no high-speed copper cable (DAC) technology or products yet. In the future, the company will continue to optimize technology and products. Under the strategic guidance of “focusing on the main business, improving and strengthening”, the company will research and extend product application scenarios and fields appropriately.
Jinbei Electric (002533.SZ): The main products are flat electromagnetic wires and wires and cables
Gelonghui March 8 | Jinbei Electric (002533.SZ) said on the investor interactive platform that the company's main products are flat electromagnetic wires and cables, which are widely used in transformers, new energy vehicle driving motors, industrial motors, smart grids, intelligent equipment, wind and light storage, new infrastructure, medical equipment, nuclear power, military industry, and livelihood engineering. At present, the country has successively issued policies to speed up equipment updates and high-quality development of distribution networks, and the company is actively tracking and increasing the development and sales of related products. At the same time, under the strategic guidance of “focus on the main business, improve and become stronger”, the company will further strengthen technology research and development, product iteration, and focus
Jinbei Electric (002533.SZ) directors Fan Zhihong and Chen Haibing reduced their holdings by a total of 3.29 million shares at the end of the reduction period
Jinbei Electric (002533.SZ) announced that the term of the company's directors and vice presidents Fan Zhihong and Chen Haibing's holdings reduction plan has reached...
Little Excitement Around Gold Cup Electric Apparatus Co.,Ltd.'s (SZSE:002533) Earnings
Gold cup Electric Apparatus Co.,Ltd.'s (SZSE:002533) price-to-earnings (or "P/E") ratio of 14.6x might make it look like a strong buy right now compared to the market in China, where around half of th
Jinbei Electric (002533.SZ): Using peek materials as insulation materials to apply to the company's products
Gelonghui, Feb. 28 | Jinbei Electric (002533.SZ) said on the investor interactive platform that the company's main products are flat electromagnetic wire and wire and cable. It does not manufacture peek materials, but uses peek materials as insulation materials to apply them to the company's products. In the future, the company will continue to optimize technology and products, and under the leadership of the “focus on the main business, improve and strengthen” strategy, it will research and extend product application scenarios and fields appropriately.
Jinbei Electric (002533.SZ): The company owns the four local first-line wire and cable brands “Jinbei”, “Feihe”, “Tabai” and “Ganchang”
Gelonghui, Feb. 7: Jinbei Electric (002533.SZ) said during a survey by institutional investors on February 6 that the company owns four local first-line wire and cable brands, “Jinbei,” “Feihe,” “Tabai,” and “Ganchang.” Wire and cable are one of the largest supporting industries in the national economy. It is second only to the automobile industry in China's machinery industry. It has a wide range of applications, including power transmission and distribution, industrial support, livelihood engineering, rail transit, new energy vehicles, and wind power and photovoltaics. In the future, while continuing to improve the stock market, the company will increase the lower level of channels, actively develop major customers, and vigorously develop EV cables
Jinbei Electric (002533.SZ): The sales model for flat magnet wire products is a direct sales model
Gelonghui, Feb. 7, 丨 Jinbei Electric (002533.SZ) said on February 6 at the reception of institutional investors that the company is a cable manufacturer integrating R&D, production and sales. The main products are flat electromagnetic wires and wires and cables, covering all types of products such as power cables, overhead bare wires and overhead insulated cables, wires and cables for electrical equipment, windings, special cables, etc. The sales model for flat magnet wire products is a direct sales model; the sales model for wire and cable products includes both a distribution model and a direct sales model, with more than 10,000 registered dealers.
Declining Stock and Solid Fundamentals: Is The Market Wrong About Gold Cup Electric Apparatus Co.,Ltd. (SZSE:002533)?
Gold cup Electric ApparatusLtd (SZSE:002533) has had a rough week with its share price down 18%. However, stock prices are usually driven by a company's financial performance over the long term, whi
Jinbei Electric (002533.SZ): A total cost of 207.81 million yuan to buy back 2,6204 million shares
Gelonghui, February 2, 丨 Jinbei Electric (002533.SZ) announced that as of January 31, 2024, the company had repurchased a total of 2,6204 million shares of the company's shares through a special stock repurchase account, accounting for 0.3570% of the company's total share capital. Among them, the highest transaction price was 8.30 yuan/share, the minimum transaction price was 7.51 yuan/share, and the transaction amount was 207.81 million yuan (excluding transaction fees).
Jinbei Electric (002533.SZ): Copper price fluctuations have a clear impact on the company's product gross margin
Gelonghui, January 24 | Jinbei Electric (002533.SZ) disclosed a record sheet of investor relations activities, showing that fluctuations in copper prices had a clear impact on the gross margin of the company's products. Assuming that copper prices remain the same, competition in the wire and cable industry will become more intense under the influence of market demand such as the slowdown in real estate and urbanization development. However, since the wire and cable stock market is large enough, and based on the history of wire and cable development in Europe, America, and Japan, the company believes that the concentration of the Chinese wire and cable market will continue to increase and concentrate on leading companies in the industry. In response to this trend, the company is continuously strengthening internal management through strengthened operations, digitalization,
Jinbei Electric (002533.SZ): In 2023, the export and delivery scale of flat magnet wire will be around 6,000 tons
Gelonghui, January 24 | Jinbei Electric (002533.SZ) disclosed an investor relations activity record sheet showing that the company is one of the largest domestic export suppliers of flat electromagnetic wires for transformers. The export and delivery scale of flat electromagnetic wires in 2023 will be around 6,000 tons. The products are exported to more than 10 countries including Europe, South America, Southeast Asia, and Japan. The main overseas customers include well-known international companies such as ABB (Hitachi Energy), Siemens Energy, GE and Toshiba. In 2023, the company has successively examined overseas markets such as Southeast Asia, Europe, and Japan, and is currently actively demonstrating the trend of supply chain globalization for overseas business expansion and the sea
Jinbei Electric (002533.SZ): The current theoretical production capacity of flat electromagnetic wires for new energy vehicle motors is 20,000 tons
Gelonghui, January 24 | Jinbei Electric (002533.SZ) disclosed a record sheet of investor relations activities, showing that the company's theoretical production capacity of flat electromagnetic wire is 95,000 tons, of which the current theoretical production capacity of flat electromagnetic wire for NEV motors is 20,000 tons. In terms of production expansion plans, the third phase of the 30,000 ton capacity expansion project for new energy vehicle motors has now begun civil construction and is scheduled to be put into operation in 2025; the electromagnetic wire production capacity for transformers will also meet market demand through various methods such as technical reform, new construction and expansion, and mergers and acquisitions.
Jinbei Electric (002533.SZ): Optimistic about demand for flat electromagnetic wires for transformers for a long time to come
Gelonghui, January 24 | Jinbei Electric (002533.SZ) disclosed an investor relations activity record sheet showing that since the fourth quarter of 2022, the company's orders for flat electromagnetic wires for transformers have increased significantly and have continued to be high. Currently, there are plenty of orders. According to the country's investment plans for UHV and power grids and increased investment in overseas power grids, the company is optimistic about the demand for flat electromagnetic wires for transformers for a long time to come.
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