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Positive Outlook for China MeiDong Auto Holdings Despite 2H24 Challenges: Buy Rating With Target Price Increase
China MeiDong Auto Swings to 2024 Loss
Express News | China MeiDong Auto - Proposed Final Dividend of RMB0.0445 per Ordinary Share.
Express News | China MeiDong Auto Holdings FY Gross Profit RMB 1,561 Million
MEIDONG AUTO: FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
China MeiDong Auto Holdings Announces Board Meeting to Discuss Annual Results
MEIDONG AUTO (01268.HK) plans to hold a Board of Directors meeting on March 26 to approve the annual performance.
Gelonghui March 14丨MEIDONG AUTO (01268.HK) announced that the company will hold a Board of Directors meeting on March 26, 2025 (Wednesday) to consider and approve the annual performance announcement for the year ended December 31, 2024, as well as to consider the distribution of the final dividend (if any).
MEIDONG AUTO: NOTICE OF BOARD MEETING
Why China MeiDong Auto Holdings Limited (HKG:1268) Could Be Worth Watching
Hong Kong stocks are moving differently | Car Dealers/auto Retailers are rising across the board. The Automobile Circulation Association predicts that the car market will improve in March. Institutions claim that the market will maintain an active invento
Car Dealers/auto Retailers are rising across the board. As of the time of reporting, MEIDONG AUTO (01268) is up 14.6%, trading at 2.59 Hong Kong dollars; YONGDA AUTO (03669) is up 8.43%, trading at 2.83 Hong Kong dollars; ZHONGSHENG HLDG (00881) is up 7.79%, trading at 13.84 Hong Kong dollars; HARMONY AUTO (03836) is up 5.45%, trading at 0.58 Hong Kong dollars.
Hong Kong stocks movement | MEIDONG AUTO (01268) rises nearly 10% again, after accounting for goodwill, the annual loss is approximately 2.3 billion yuan. The company claims its cash flow is healthy and is considering returning to Shareholders.
MEIDONG AUTO (01268) has risen nearly 10% again, as of the time of writing, up 6.64%, priced at 2.25 Hong Kong dollars, with a trading volume of 38.1555 million Hong Kong dollars.
Hong Kong stock morning report ｜ Trump's tariffs hard hit the US stock market, Shenzhen supports AI development.
① Trump announced that tariffs of 25% will be imposed on Canada and Mexico. ② The three major U.S. stock indexes fell sharply, and most China Concept Stocks declined. ③ OPEC+ will continue to advance the oil production increase plan set for April, and international Crude Oil Product futures prices dropped by over 1%. ④ The PMI for U.S. manufacturing declined to 50.3. ⑤ Shenzhen plans to build several 10E-level Asia Vets computing clusters.
China MeiDong Auto: Goodwill Impairment Among Factors Weighing on Results >1268.HK
MEIDONG AUTO (01268.HK) issues a profit warning: expects to turn from profit to loss in 2024.
On March 3, Gelonghui reported that MEIDONG AUTO (01268.HK) announced it is expected to record a loss for shareholders in the fiscal year 2024, compared to the profit recorded for shareholders for the fiscal year ending December 31, 2023. According to current available information, the Board of Directors believes that the company's shift from profit to loss in fiscal year 2024 is primarily attributed to the automotive market price war in the second half of 2024 and the impact of macroeconomic factors. With the assistance of external appraisers, the company will conduct an impairment assessment and confirm non-cash impairment of goodwill and dealer rights for certain underperforming cash-generating units in the second half of 2024.
Express News | China MeiDong Auto Sees Loss Attributable for Year 2024
MEIDONG AUTO: PROFIT WARNING
China MeiDong Auto Proposes Share Option Scheme
China MeiDong Auto Holdings Announces New Company Secretary
MEIDONG AUTO (01268.HK): Chen Zhuochen has been appointed as the company secretary and authorized representative.
Glory Holdings announced on February 18 that MEIDONG AUTO (01268.HK) has reported that Wang Zhangqi has resigned as the company secretary and authorized representative. Chen Zhuochen has been appointed as the company secretary, authorized representative under Article 3.05, and authorized representative under Article 19.05 of the company regulations, all effective from February 18, 2025.
MEIDONG AUTO (01268) plans to adopt the stock option plan for 2025.
MEIDONG AUTO (01268) announced that the Board of Directors is pleased to propose the adoption of 2... on February 18, 2025.
