601608 Citic Heavy Industries
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Citic Heavy Industries News
CITIC Heavy Industries Report for the First Quarter of 2024 (after correction)
CITIC Heavy Industries' Corrections to Report for the First Quarter of 2024
There May Be Underlying Issues With The Quality Of CITIC Heavy Industries' (SHSE:601608) Earnings
CITIC Heavy Industries Co., Ltd. (SHSE:601608) announced strong profits, but the stock was stagnant. Our analysis suggests that this might be because shareholders have noticed some concerning underly
CITIC Heavy Industries (601608.SH): Net profit of 897.78 million yuan in the first quarter increased 12.12% year over year
Gelonghui, April 25: CITIC Heavy Industries (601608.SH) released its report for the first quarter of 2024, achieving operating income of 2,177 billion yuan, up 0.22% year on year; net profit attributable to shareholders of listed companies of 897.78 million yuan, up 12.12% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss of 74.0261 million yuan, an increase of 96.41% year on year; basic earnings per share were 0.0207 yuan.
CITIC Heavy Industries Co., Ltd. (SHSE:601608) Looks Interesting, And It's About To Pay A Dividend
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that CITIC Heavy Industries Co., Ltd. (SHSE:601608) is about to g
CITIC Co., Ltd. (00267): CITIC Heavy Industries (601608.SH) will distribute the 2023 cash dividend of 0.0285 yuan per A share on April 24
CITIC Corporation (00267) announced that CITIC Heavy Industries (601608.SH) will be held on April 2, 2024...
Here's Why We Think CITIC Heavy Industries (SHSE:601608) Might Deserve Your Attention Today
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage
CITIC Heavy Industries Co., Ltd.'s (SHSE:601608) Shares May Have Run Too Fast Too Soon
CITIC Heavy Industries Co., Ltd.'s (SHSE:601608) price-to-earnings (or "P/E") ratio of 47.5x might make it look like a sell right now compared to the market in China, where around half of the compani
CITIC Holdings (00267): CITIC Metals (601608.SH) plans to launch currency derivatives hedging business in 2024
Zhitong Finance App News, CITIC (00267) issued an announcement. In order to prevent exchange rate risks, avoid the large negative impact of exchange rate fluctuations on business performance, and maintain the company's steady operation, CITIC Metals Co., Ltd. (CITIC Metal) (601608.SH) plans to launch 2024 currency derivatives hedging business to effectively avoid the adverse effects of large exchange rate fluctuations on the company's business.
CITIC Co., Ltd. (00267): CITIC Heavy Industries (601608.SH) plans to renew Zhonghe Shinaga as 2024 financial reporting and internal control auditor
Zhitong Finance App News, CITIC Corporation (00267) announced that CITIC Heavy Industries Machinery Co., Ltd. (601608.SH) plans to renew Xinyong Zhonghe Certified Public Accountants (Special General Partnership) (hereinafter referred to as “Xinyong Zhonghe”) as the company's 2024 financial reporting and internal control auditing agency.
CITIC Co., Ltd. (00267): CITIC Heavy Industries (601608.SH) plans to prepare 78.5095 million yuan for various asset impairment in the second half of 2023
According to the Zhitong Finance App, CITIC Finance App (00267) issued an announcement. According to the “Corporate Accounting Standards” and the relevant provisions of the company's accounting policy, CITIC Heavy Industries (601608.SH) conducted an impairment test on relevant assets that may show signs of impairment at the end of 2023. CITIC Heavy Industries plans to prepare 78.5095 million yuan for impairment of various assets in the second half of 2023 to write off some accounts receivable and other accounts receivable.
CITIC Heavy Industries (601608.SH): Net profit in 2023 increased 163.51% year-on-year to 384 million yuan, and plans to distribute 10 0.285 yuan
On March 15, Ge Longhui | CITIC Heavy Industries (601608.SH) released its 2023 annual report. During the reporting period, it achieved operating income of 9.557 billion yuan, an increase of 8.26%; net profit attributable to shareholders of listed companies of 384 million yuan, an increase of 163.51%; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss of 296 million yuan; and basic earnings per share of 0.088 yuan. The company plans to distribute a cash dividend of 0.285 yuan (tax included) for every 10 shares to all shareholders based on the total share capital of 4,339,419,293 shares on December 31, 2023.
CITIC shares: CITIC Heavy Industries' net profit to mother in 2023 was 384 million yuan, up 163.51% year-on-year
CITIC Corporation (00267) released CITIC Heavy Industries (601608.SH)'s 2023 annual performance report. CITIC Heavy Industries achieved total operating income of 9.557 billion yuan (RMB, same below), up 8.2% year on year; net profit attributable to shareholders of listed companies was 384 million yuan, up 163.51% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 298 million yuan, turning a year-on-year loss into profit; basic earnings per share were 0.088 yuan. According to the announcement, the year-on-year increase in profit was mainly due to the year-on-year increase in the size of the company's active orders and revenue, including mining and heavy equipment
CITIC Heavy Industries (601608.SH): Net profit increased 163.51% year-on-year in 2023
Gelonghui, March 11 | CITIC Heavy Industries (601608.SH) announced its 2023 annual results report. Total operating revenue was 9,556,530,964.49 yuan, up 8.26% year on year, and net profit attributable to shareholders of listed companies was 383,595,668.08 yuan, up 163.51% year on year. The company normalizes all staff marketing and “service miles” work and plans “go out, please come in” special work to actively explore domestic and foreign markets. The scale of active orders has increased significantly, compounding the strong momentum of exports and increasing the total volume of international business. Foreign revenue is expected to increase by 70%
CITIC Corporation (00267): CITIC Heavy Industries (601608.SH) elects Liu Baoyang as Chairman of the Supervisory Board
CITIC Corporation (00267) announced that CITIC Heavy Industries (601608.SH) in February 2024...
CITIC Heavy Industries (SHSE:601608) Is Making Moderate Use Of Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' When we think about how
MSCI to Remove 74 Companies From China Onshore Index Including China Southern Airlines, Weibo, Greentown China
MSCI will drop 74 Chinese stocks from its MSCI China-A Onshore Index, effective after Feb. 29, and add three new stocks following its February review, the New-York based index provider said in a relea
CITIC Co., Ltd. (00267): CITIC Heavy Industries (601608.SH) expects annual net profit to increase by 151%-201% year-on-year to 365 million to 438 million yuan
According to the Zhitong Finance App, CITIC Heavy Industries (601608.SH), an affiliate of CITIC Corporation (00267), issued an announcement. The company expects to achieve net profit of 365 million to 438 million yuan (RMB, same below) for the year ended December 31, 2023, an increase of 151%-201% over the previous year. According to the announcement, in 2023, the company will solidly carry out various business tasks around the four major industrial sectors, comprehensively enhance value creation capabilities, and promote the company to achieve effective quality improvement and reasonable volume growth. The company normalizes marketing for all employees and “service a thousand miles” work and plans to “go out, please come in
CITIC Heavy Industries (SHSE:601608) Sheds 11% This Week, as Yearly Returns Fall More in Line With Earnings Growth
It's been a soft week for CITIC Heavy Industries Co., Ltd. (SHSE:601608) shares, which are down 11%. But at least the stock is up over the last five years. However we are not very impressed becaus
CITIC Heavy Industries (601608.SH): Development of humanoid robots is not involved
Gelonghui, December 25 | CITIC Heavy Industries (601608.SH) said on an interactive platform that the company is currently not involved in the development of humanoid robots. Currently, the company mainly deploys innovation chains around the two major industrial chains of special robots and intelligent coal mine equipment. It is based on in-depth research on application scenarios, breaking through surface technology such as on-site monitoring and data transmission, improving application layer technologies such as autonomous operation and collaborative operation, and creating differentiated and characteristic products and services combined with application scenarios. The company will continue to pay attention to cutting-edge technology and application scenarios in the robotics industry.
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