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Changhong Meiling (000521.SZ): Gradually completing the layout of various levels of drum products, achieving sustained high-speed growth in scale.
Changhong Meiling (000521.SZ) stated at an investor relations event on September 10th that in terms of product, the washing machine industry will continue to upgrade and optimize the appearance, functions, cleaning, and other aspects in the second half of 2024, comprehensively improving product competitiveness. The drum-type washing machine will focus on expanding the 'as hand-washing' product series to enhance the competitiveness of waist-level products and help the domestic market achieve rapid breakthroughs in drum-type products. The pulsator-type products will continue to upgrade, improving profitability. The first launch of the heat pump dryer will be completed, and a product line layout of washing machines and dryers will be established, further improving the product portfolio. In terms of market, the domestic market will continue to consolidate the foundation of channel construction.
Could The Market Be Wrong About Changhong Meiling Co., Ltd. (SZSE:000521) Given Its Attractive Financial Prospects?
Changhong Meiling: Half-year report for the year 2024.
Changhong Meiling: Summary of Half-Year Report in 2024.
Changhong Meiling (000521.SZ): Net income for the first half of the year was 415 million yuan, a year-on-year increase of 15.91%.
Changhong Meiling (000521.SZ) released its 2024 semi-annual report on August 16. During the reporting period, the revenue was CNY 14.948 billion, a year-on-year increase of 16.52%; the net income attributable to shareholders of listed companies was CNY 0.415 billion, a year-on-year increase of 15.91%; the net income attributable to shareholders of listed companies after deducting non-recurring gains and losses was CNY 0.433 billion, a year-on-year increase of 13.22%; the basic earnings per share were CNY 0.4030. The company's revenue mainly comes from business such as refrigerators, air conditioners, washing machines, kitchen and bathroom appliances, small appliances, and medical devices, with a total revenue of 148.
We Think Changhong Meiling (SZSE:000521) Can Manage Its Debt With Ease
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