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Xiangyang Automobile Bearing Co., Ltd.'s (SZSE:000678) Shares Climb 29% But Its Business Is Yet to Catch Up
Individual Investors Are Xiangyang Automobile Bearing Co., Ltd.'s (SZSE:000678) Biggest Owners and Were Rewarded After Market Cap Rose by CN¥441m Last Week
Xiangyang Bearing: 2024 annual performance forecast
Xiangyang Automobile Bearing (000678.SZ): It is expected to incur a loss of 35 million yuan in 2024.
Gelonghui reported on January 21 that Xiangyang Automobile Bearing (000678.SZ) expects a loss of 35 million yuan for 2024, with a non-recurring loss of 49 million yuan. The company's performance was a loss during this reporting period, but the extent has decreased. Firstly, domestic company performance has improved and turned a profit. The domestic company has achieved significant results in the Passenger Vehicle market and overseas market development, with revenue increasing year-on-year; the overseas market has continued to grow in recent years. The company's management efficiency has improved, and comprehensive cost reductions have been effective, leading to substantial growth in benefits. Secondly, losses at overseas subsidiaries have increased. The overseas factory in Poland is continuously affected by geopolitical issues, resulting in high costs and expenses, leading to ongoing performance challenges.
Xiangyang Automobile Bearing (SZSE:000678) Pulls Back 14% This Week, but Still Delivers Shareholders Favorable 11% CAGR Over 3 Years
Xiangyang Automobile Bearing Co., Ltd.'s (SZSE:000678) Shares Climb 26% But Its Business Is Yet to Catch Up
Xiangyang Automobile Bearing Co., Ltd. (SZSE:000678) Stock Rockets 34% As Investors Are Less Pessimistic Than Expected
