600860 Beijing Jingcheng Machinery Electric
- 7.77
- +0.06+0.78%
Beijing Jingcheng Machinery Electric News
jingcheng mac (00187) fell by 15.10%, now trading at 1.980 yuan, hitting a 52-week low.
As of 11:17, jingcheng mac (00187) fell 15.10% from the previous closing price, now at 1.980 yuan, reaching a 52-week low; the trading volume is 0.18 million shares, with a turnover of 0.3563 million Hong Kong dollars.
JINGCHENG MAC: INTERIM REPORT 2024
Jingcheng Machinery Electric's H1 Loss Narrows as Revenue Jumps 20%
In July, the industry developed rapidly according to Northeast Securities. The weak recovery trend of the general sector continued, and equipment updates are expected to accelerate.
In July, the national industrial value-added of scale enterprises increased by 5.1%, a decrease of 0.2 percentage points compared to the previous period.
Jingcheng MAC's subsidiary, Beijing Tianhai, and Shanghai Shunhua have entered into a product purchase and sales framework agreement.
Jingcheng Mac (00187) announced that on August 16, 2024, Beijing Tianhai (a wholly-owned subsidiary of the company) and Shanghai Sunflower signed a product purchase and sales framework contract. Beijing Tianhai Group and Shanghai Sunflower Group will buy or sell hydrogen energy products from each other from the effective date of the product purchase and sales framework contract until December 31, 2024, and the recommended upper limit amount during this period is RMB 50 million yuan. As one of the earliest domestic companies engaged in the hydrogen equipment industry chain business, Shanghai Sunflower has strong independent and industrialization capabilities of key technologies in the hydrogen energy industry chain and has research and technology reserves.
Full text of Beijing Jingcheng Machinery Electric's 2024 interim report.
Beijing Jingcheng Machinery Electric Semi-annual Report in 2024
Jingcheng MAC (00187) has signed a product purchase and sales framework agreement with its subsidiaries Beijing Tianhai and Shanghai Shunhua.
Jingcheng MAC (00187) issued an announcement on August 16, 2024 that Beijing Tianhai (a wholly-owned subsidiary of the company)...
Jingcheng MAC (00187) announced its mid-term performance, with a net loss of 33.749 million yuan attributable to shareholders, a year-on-year decrease of 88.63%.
Jingcheng MAC (00187) released its interim results for the six months ending June 30, 2024, during which the group...
JINGCHENG MAC: 2024 INTERIM RESULTS ANNOUNCEMENT
Beijing Jingcheng Machinery Electric (600860.SH): Tianhai Industry plans to sign a product purchase and sales framework contract with Shanghai Shunhua.
On August 16th, GeLongHui reported that Beijing Jingcheng Machinery Electric Co., Ltd. (600860.SH) disclosed that its wholly-owned subsidiary, Beijing Tianhai Industrial Co., Ltd. (referred to as Tianhai Industrial below), plans to sign a product purchase and sales framework contract with Shanghai Shunhua New Energy Systems Co., Ltd. (referred to as Shanghai Shunhua). The maximum purchase and sales amount of this framework contract is 50 million yuan. Beijing Jingcheng Machinery Electric Co., Ltd. holds 44.87% of the shares of the company and is the controlling shareholder of the company, and Tianhai Industrial is its wholly-owned subsidiary. Beijing Jingcheng Machinery Electric Co., Ltd. holds 100% equity of Beijing Jingcheng Investment. According to the company's disclosure on the 'proposed investment and exit by the controlling shareholder's wholly-owned subsidiary.'
Beijing Jingcheng Machinery Electric (600860.SH): the net loss in the first half of the year is 3.3749 million yuan.
On August 16th, Gelunhui reported the 2024 semi-annual report of Beijing Jingcheng Machinery Electric (600860.SH), realizing a revenue of 0.749 billion yuan, a year-on-year increase of 19.62%; net income attributable to shareholders of the listed company was -3.3749 million yuan.
How will the announcement of free highway tolls for hydrogen-powered vehicles in many places affect?
Industry insiders say that highway tolls account for about one-third of the total cost of hydrogen commercial heavy trucks. Waiving this fee can significantly reduce vehicle operating costs. From January to June this year, a total of 0.4077 million tons of green hydrogen projects have started, and 906 sets of electrolysis tanks will be tendered in succession. At the same time, the export orders of the electrolysis tanks are rapidly increasing, and the domestic and foreign demand is resonating.
In July, China's industrial added value above a designated scale increased by 5.1% year-on-year, with manufacturing industry growing by 5.3%.
From a month-on-month perspective, in July, the added value of industries above designated size increased by 0.35% compared with the previous month.
Huabao Securities: Hydrogen Price Index sees a decrease in supply and consumer demand, fuel cell vehicle production and sales enter the peak season.
With the implementation of relevant policies and completion of project construction, the market supply and demand for green hydrogen production and co-combustion of green hydrogen/green ammonia are expected to see double growth.
CITIC Securities: Three-dimensional analysis of space, path, and profit reveals great opportunities for global auto parts globalization.
Now is the right time to go global. The accelerated globalization of high-quality domestic parts supports a new round of growth in the domestic parts industry in terms of space, path, and profitability. It is expected to create a new global leader.
jingcheng mac (00187.HK) held a board of directors meeting on August 16th to consider and approve its interim performance.
Jingcheng MAC (00187.HK) announced on August 1 that the company will hold a board meeting on August 16, 2024 (Friday) to consider and approve (including) the mid-term performance of the company and its subsidiaries for the six-month period ending on June 30, 2024, and its release.
JINGCHENG MAC: NOTICE OF BOARD MEETING
IDC predicts that the global industrial security market will reach 6.7 billion US dollars by 2026 with a compound annual growth rate of up to 28.4% over five years.
Zhitong Finance and Economics APP learned that IDC stated in a document released on July 10th that the integration of IT and OT has further deepened. While improving efficiency, it has also exposed industrial control systems to more complex network environments. It is urgent for enterprises and organizations to strengthen their industrial control security.
Beijing Jingcheng Machinery Electric is expected to report losses in the first half of 2024.
Analysis
Price Target
No Data
No Data