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Yinchuan Weili Transmission Technology Co., Ltd.'s (SZSE:300904) Share Price Not Quite Adding Up
Power Transmission: 2024 Annual Results Forecast
Weilijuan (300904.SZ): Expected to lose 18 million yuan to 35 million yuan in the fiscal year 2024.
On January 24, Glonghui reported that Weili Transmission (300904.SZ) announced its performance forecast for 2024, estimating a Net income loss of 18 million yuan to 35 million yuan attributable to the listed company's shareholders, compared to a profit of 41.2014 million yuan in the same period last year; after deducting non-recurring gains and losses, the Net income loss is expected to be 105 million yuan to 122 million yuan, with a profit of 7.2554 million yuan in the same period last year. Affected by the intensified market competition in the wind power Industry, the cost reduction pressure from the downstream of the wind power Industry Chain is being transmitted to upstream suppliers, which has compressed the company's profit margin and impacted the overall profitability and gross margin level.
Is Yinchuan Weili Transmission Technology (SZSE:300904) Using Too Much Debt?
Weilong Transmission (300904.SZ): Established a Global service network in Texas, USA, Hamburg, Germany, Chennai, India, and Tokyo, Japan.
On December 18, Gelonghui reported that Weili Transmission (300904.SZ) stated in a recent investor relations activity that in order to expand its overseas market, the company has established global service outlets in Texas, USA, Hamburg, Germany, Chennai, India, and Tokyo, Japan. The company fully utilizes the cost and quality advantages of its wind power yaw and pitch gearbox products, successfully entering the qualified supplier list of well-known foreign wind power companies such as Siemens-Gamesa, Endesa Germany, EUnion Germany, Adani India, and Suzlon India.
From January to June, the revenue from the wind power speed reducer of Weili Transmission (300904.SZ) reached 48.1543 million yuan.
On December 18, Gelonghui reported that Weili Transmission (300904.SZ) announced in recent investor relations activities that the company's wind speed reducer products have achieved mass supply. From January to June 2024, the revenue from wind power speed reducers reached 48.1543 million yuan. The company will continue to promote the progress of the wind power speed reducer business, enhance operational performance, and lay a foundation for the company's development.
Yinchuan Weili Transmission Technology Co., Ltd.'s (SZSE:300904) Shares Climb 46% But Its Business Is Yet to Catch Up
