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Nomura Adjusts Zhejiang Shuanghuan Driveline's Price Target to 42 Yuan From 39 Yuan, Keeps at Buy
Shuanghuan Driveline's Profit to Jump Up to 27% in 2024; Shares Up 4%
Double ring drive: 2024 annual performance forecast
Zhejiang Shuanghuan Driveline (002472.SZ): Net income is expected to increase by 24.45% - 26.90% in the year 2024.
On January 20, Gelonghui reported that Zhejiang Shuanghuan Driveline (002472.SZ) released its performance forecast for 2024, projecting a net income attributable to the shareholders of the listed company to be between 1.016 billion yuan and 1.036 billion yuan, an increase of 24.45% to 26.90% compared to the same period last year; the net income after deducting non-recurring gains and losses is expected to be between 0.992 billion yuan and 1.012 billion yuan, up by 23.53% to 26.02% year-on-year; basic EPS is expected to be between 1.19 yuan/share and 1.21 yuan/share. During the reporting period, the New energy Fund gear business maintained rapid growth, contributing to the steady growth of the company's performance.
Zhejiang Shuanghuan Driveline (002472.SZ): Rotate Vector (RV) Reducer is the main product of the holding subsidiary, widely used in Siasun Robot&Automation, industrial automation, and other high-end manufacturing fields.
On January 13, Gelonghui reported that Zhejiang Shuanghuan Driveline (002472.SZ) stated on the investor interaction platform that its holding subsidiary, Zhejiang Huandong Robot Joint Technology Co., Ltd., is engaged in the research, design, production, and sales of high-precision reducers for robot joints, including Rotate Vector (RV) Reducers, precision components, and Harmonic Drives. Rotate Vector (RV) Reducers are the main products of the holding subsidiary and are widely used in high-end manufacturing fields such as robotics and industrial automation. The holding subsidiary has established good long-term strategic cooperative relationships with many well-known robot manufacturers both domestically and abroad.
Investors Don't See Light At End Of Zhejiang Shuanghuan Driveline Co.,Ltd.'s (SZSE:002472) Tunnel