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Hunan Zhongke Electric Co., Ltd.'s (SZSE:300035) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Zhongke Electric: 2024 Annual Results Forecast
Despite the drop in Anode Material prices, Hunan Zhongke Electric is growing against the trend, expecting net profits to increase by more than five times in 2024 | Interpretations
① Hunan Zhongke Electric announced that the expected net income for 2024 is between 0.288 billion to -0.325 billion yuan, an increase of 590%-680% compared to the previous year; ② In 2024, the price of Anode Material is still expected to decline and linger at low levels, in 2023 Hunan Zhongke Electric's performance fell to the lowest in nearly five years, with a profit of only 41.7062 million yuan, and the performance in 2024 can be described as a 'comeback'.
We Think Hunan Zhongke Electric (SZSE:300035) Is Taking Some Risk With Its Debt
Soochow: The supply and demand reversal in the lithium battery industry is imminent, and a bullish outlook is strong.
Soochow Securities stated that the demand in the lithium battery industry has exceeded expectations, with a non-weak season from November to December. The demand for 2025 has been revised up to over 30% growth, and the current valuation is at the profit bottom. Industry leaders are showcasing significant technological innovation and cost advantages, with profitability set to recover first. A supply-demand reversal is imminent, and there is strong bullish sentiment.
Returns On Capital Signal Tricky Times Ahead For Hunan Zhongke Electric (SZSE:300035)
Hunan Zhongke Electric (SZSE:300035) Will Be Hoping To Turn Its Returns On Capital Around