China Galaxy Securities: The general equipment sector of the cyclical sector is expected to usher in a turning point, and there is a large gap in the number of high-speed rail EMUs.
Policy guidance has led to a new round of large-scale equipment updates, and a new cycle of innovation is expected to begin, accepting new productive forces.
Investors Don't See Light At End Of Jiangsu Hengli Hydraulic Co.,Ltd's (SHSE:601100) Tunnel
With a price-to-earnings (or "P/E") ratio of 27.2x Jiangsu Hengli Hydraulic Co.,Ltd (SHSE:601100) may be sending bullish signals at the moment, given that almost half of all companies in China have P/
Is Jiangsu Hengli HydraulicLtd (SHSE:601100) 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
Guolian Securities: Demand for equipment renewal in the domestic market and the continued volume of export business are optimistic about the prospects of the construction machinery industry
In 2023, the revenue of the construction machinery industry increased slightly by 1%, and net profit to mother increased by about 11% year on year. The large gap between revenue and profit growth may be due to the increase in overseas revenue of various enterprises and the increase in revenue from high-margin electrification products.
Dongwu Securities: Domestic sales of excavators all achieved positive growth in March-April, and the industry is expected to usher in a new renewal cycle in the second half of the year
The Zhitong Finance App learned that Dongwu Securities released a research report saying that the upward cycle of construction machinery in the last round is 2016-2020. According to the 8-year service life, the last round of sales equipment is already in a large-scale life span replacement period. 2023 is the low life span replacement point. Starting in 2024, the number of updates will begin to rise year by year, and the industry beta will rise marginally. Domestic sales of excavators achieved positive growth in March-April, and improved during the peak season, exceeding market expectations. With the increase in demand for updates and the decline in the base figure in the second half of the year, the industry is expected to usher in a new round of renewal cycles. A series of policies such as large-scale equipment updates will boost the industry's recovery and usher in the “large-scale equipment update+ industry
CICC: Optimistic that forklifts will continue to expand overseas share and focus on the recovery in domestic demand for large trucks
Lithium electrification has led to a marked increase in the competitiveness of Chinese companies overseas, and it is expected that the increase in the share of OEMs in Europe and the US will continue.
Jiangsu Hengli HydraulicLtd's (SHSE:601100) Shareholders May Want To Dig Deeper Than Statutory Profit
The recent earnings posted by Jiangsu Hengli Hydraulic Co.,Ltd (SHSE:601100) were solid, but the stock didn't move as much as we expected. We think this is due to investors looking beyond the statuto
Jiangsu Hengli Hydraulic Co.,Ltd Just Missed Earnings - But Analysts Have Updated Their Models
Jiangsu Hengli Hydraulic Co.,Ltd (SHSE:601100) missed earnings with its latest quarterly results, disappointing overly-optimistic forecasters. Unfortunately, Jiangsu Hengli HydraulicLtd delivered
Jiangsu Hengli Hydraulic's 2023 Profit Jumps 7%; Shares Fall 3%
Jiangsu Hengli Hydraulic (SHA:601100) attributable profit rose 6.7% to 2.50 billion yuan in 2023 from 2.34 billion yuan in 2022, according to a Tuesday filing with the Shanghai bourse. Earnings per sh
Hengli Hydraulic's Unit to Merge With Another Unit; Shares Drop 4%
Jiangsu Hengli Hydraulic's (SHA:601100) unit, Jiangsu Hengli Precision Industry, will absorb and merge with its wholly-owned subsidiary, Jiangsu Hengli Precision Transmission, to improve its operation
Hengli Hydraulic (601100.SH) announced its 2023 annual results, with net profit of 2,499 billion yuan, an increase of 6.66% over the previous year. It plans to pay 10 to 7 yuan
According to Zhitong Finance App News, Hengli Hydraulic (601100.SH) disclosed its 2023 annual report. The company achieved revenue of 8.985 billion yuan in 2023, up 9.61% year on year; net profit to mother of 2,499 billion yuan, up 6.66% year on year; after deducting non-net profit of 2,447 billion yuan, up 9.67% year on year; basic income per share was 1.86 yuan. The company plans to pay a cash dividend of 7 yuan (tax included) for every 10 shares.
While Institutions Invested in Jiangsu Hengli Hydraulic Co.,Ltd (SHSE:601100) Benefited From Last Week's 3.8% Gain, Private Companies Stood to Gain the Most
Key Insights Significant control over Jiangsu Hengli HydraulicLtd by private companies implies that the general public has more power to influence management and governance-related decisions 53% of
Huachuang Securities: Construction Equipment Renewal Implementation Plan Launched, Construction Machinery Demand Is Expected to Improve
The Zhitong Finance App learned that Huachuang Securities released a research report saying that the large-scale equipment renewal action plan clarifies the target and direction of equipment renewal in the construction machinery industry. It is expected that more detailed supporting policies will be introduced in the future to strictly restrict the use of old equipment and at the same time encourage the replacement of new, more efficient and intelligent equipment. From the perspective of construction machinery itself, the service life is usually about 8 years. Taking excavators as an example, they are currently at the starting point of equipment renewal in the previous upward cycle. It is expected that more equipment will enter the normal replacement cycle in the future, and industry demand will improve. Matters: Recently, the Ministry of Housing, Urban-Rural Development issued “Promoting Construction and Cities
Dongwu Securities: “large-scale equipment update+industry self-renewal” dual cycle resonates
Dongwu Securities released a research report saying that the construction machinery and equipment renewal cycle may be approaching, and a series of large-scale equipment renewal policies are expected to boost the market recovery.
Dongwu Securities: Domestic excavator sales in March were higher than CME's previous 6% growth rate, and the recovery from mining is still yet to begin
The Zhitong Finance App learned that Dongwu Securities released a research report saying that in March it sold 24,980 excavators of various types, down 2.34% year on year. Of these, 15,188 units were sold in China, up 9.27% year on year, higher than the previous CME forecast of 6% growth. It is expected that the structure is biased towards small excavation growth, and the recovery of medium and large excavation has yet to begin. Looking ahead to the future market, we need to focus on: ① Downstream infrastructure and other construction requirements and funding conditions; ② April sales data: Domestic sales of excavators from March to April 2023 accounted for about 30% of domestic sales throughout the year, laying the foundation for sales throughout the year. If the industry achieves positive growth in April 2024, there will be significant pressure on the base starting in May
Huachuang Securities: Domestic sales of excavators increased 9.3% year-on-year in March, optimistic about the industry's recovery
According to the average service life of an excavator of 8 years, it is expected that the excavator will soon enter an upward cycle of renewal.
Jiangsu Hengli Hydraulic Co.,Ltd's (SHSE:601100) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
It is hard to get excited after looking at Jiangsu Hengli HydraulicLtd's (SHSE:601100) recent performance, when its stock has declined 9.1% over the past month. But if you pay close attention, you m
Guolian Securities: Domestic excavator sales are expected to improve year on year in March. It is recommended to focus on leading domestic construction machinery companies
Guolian Securities released a research report saying that every year from March to May is the traditional peak sales season for the construction machinery industry. Under the steady growth policy tone, demand is expected to pick up in 2024; with the gradual implementation of infrastructure policies in various countries, construction machinery exports will increase total sales.
Investors Met With Slowing Returns on Capital At Jiangsu Hengli HydraulicLtd (SHSE:601100)
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Firstly, we'll want to see a proven return on capital employ
Dongwu Securities: Excavator sales fell 22% year on year in January-February, large-scale equipment renewal promotion is expected to start
The Zhitong Finance App learned that Dongwu Securities released a research report saying that in January-February, the industry sold a total of 24,984 excavators, a year-on-year decrease of 21.7%; in China, the year-on-year decrease was 24.6%, lower than 41% in the same period last year. Excluding Spring Festival factors, domestic excavator sales declined narrowed in the first two months; 13,726 units were exported, down 19.1% year on year. Reviewing the domestic construction machinery cycle, 2016 was the starting point of the previous upward cycle of the industry. Based on the 8-year service life, renewal demand is expected to start in the second half of 2024. Furthermore, a new round of major initiatives promoted by the central government
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