600418 Anhui Jianghuai Automobile Group Corp.,Ltd.
- 20.11
- +1.82+9.95%
Anhui Jianghuai Automobile Group Corp.,Ltd. News
JAC 2024 Semi-Annual Report
Summary of JAC\'s 2024 Semi-Annual Report
Anhui Jianghuai Automobile Group Corp.,ltd. (600418.SH): net income of 0.301 billion yuan in the first half of the year, a year-on-year increase of 93.84%.
On August 27, Geely Holdings released its semi-annual report for 2024, with a revenue of 21.298 billion yuan, a year-on-year decrease of 4.79%; a net income attributable to the shareholders of the listed company of 0.301 billion yuan, a year-on-year increase of 93.84%; a net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses of 91.8735 million yuan, a year-on-year turnaround from loss to profit; and a basic earnings per share of 0.14 yuan.
Express News | Anhui Jianghuai Automobile Says H1 Net Profit up 93.8% Y/Y
Is Anhui Jianghuai Automobile GroupLtd (SHSE:600418) A Risky Investment?
The second round of auto trade-in subsidies will double, and the policy's warm breeze is expected to drive growth in the industry.
On August 16th, the Ministry of Commerce and 7 other departments issued a notice on further improving the work of exchanging old cars for new ones. In terms of updating scrapped cars, the subsidy standard has been raised from the original subsidy of 10,000 yuan for purchasing new energy passenger vehicles and 7,000 yuan for purchasing gasoline passenger vehicles to 20,000 yuan and 15,000 yuan, respectively, both of which have increased by more than twice.
Cui Dongshu: The performance of second-tier car companies in the large and medium-sized passenger vehicle market was stable in July.
On August 16th, Cui Dongshu released an analysis of the July trends and manufacturer competition in the automotive segment market.
In July, the pickup truck market sales were 0.039 million vehicles, holding steady year-on-year but decreasing by 10.8% month-on-month, according to China Association of Automobile Manufacturers.
The pickup truck sales from January to July this year were 0.3 million vehicles, with a year-on-year growth of 2%, overall performance is good.
Anhui Jianghuai Automobile Group Corp., Ltd.'s production and sales report for July 2024.
Express News | Anhui Jianghuai Automobile July Vehicle Sales Down 3.9% Y/Y at 32,192 Units
Anhui Jianghuai Automobile Group Corp., Ltd. (600418.SH): total sales of 32,192 vehicles in July, a 3.9% decrease year-on-year.
On August 9th, Gelonhui reported that Anhui Jianghuai Automobile Group Corp.,Ltd. (600418.SH) sold a total of 32,192 vehicles in July, a year-on-year decrease of 3.9%.
Anhui Jianghuai Automobile Group Corp.,Ltd.'s (SHSE:600418) Market Cap Dropped CN¥3.8b Last Week; Individual Investors Bore the Brunt
In June, domestic new energy light truck actual sales were 7,097 vehicles, an increase of 88% year-on-year. The first half of the year has seen "6 consecutive increases".
According to the data from the first commercial vehicle network, in June 2024, the domestic new energy light truck market sold a total of 7,097 vehicles, a decrease of 12% from May this year, and a year-on-year increase of 88%.
Sichuan Chuanhuan Technology (300547.SZ) fully participated in the synchronous design and development of various new energy automobile-related pipeline systems of Jianghuai autos.
Chuanhuan Technology (300547.SZ) stated on the investor communication platform on July 18th that the company has maintained a stable partnership with Anhui Jianghuai Automobile Group Corp.,Ltd. for many years and has fully participated in the synchronous design and development of the piping systems for multiple new energy autos related to Jianghuai. The company has now obtained the project designation for the thermal management piping system of a luxury smart new energy vehicle developed in cooperation with aforementioned partner. Currently, we are actively coordinating and exchanging technical ideas for the piping system projects of other auto models as well. We are full of confidence in the future market potential of Jianghuai's new energy autos.
In June, the pickup market sales of 0.044 million vehicles decreased by 2.9% year-on-year in the China Association of Automobile Manufacturers (CAAM) report released on June 14th.
On July 15th, the Automotive Association released the wholesale sales ranking report for pickup truck manufacturers in June 2024. The pickup truck market sold 0.044 million vehicles in June 2024, which is a 2.9% YoY decrease and a 2% MoM decrease. It is at a relatively high level compared to the past 5 years.
Hengbo Corporation (301225.SZ) supplies the intake system for Anhui Jianghuai Automobile Group Corp., Ltd.'s customers.
On July 15th, Gelunhui reported that Hengbo shares (301225.SZ) stated on the investor interaction platform that the company supplies the intake system for Anhui Jianghuai Automobile Group Corp., Ltd. as a customer, and specific model information cannot be disclosed due to confidentiality requirements.
Anhui Jianghuai Automobile Group Corp., Ltd. (600418.SH) will distribute a dividend of 0.021 yuan per share for the year 2023, with a record date of July 18.
Anhui Jianghuai Automobile Group Corp., Ltd. (600418.SH) has announced that the company will implement annual equity distribution for 2023, with a dividend of per share...
Cumulative sales of heavy trucks in the first half of the year increased by only 3%, and the market pressure will be very high in the second half of the year.
According to the First Commercial Vehicle Network, the heavy truck market sold a total of 0.5045 million vehicles from January to June 2024, which is at a medium level in the past five years (but the gap between sales in the first half of 2020, 2021 is very large, and it is less than half of the sales in the first half of 2021), an increase of 3% from the same period last year, with a net increase of about 0.016 million vehicles. The cumulative sales growth rate has been shrinking month by month (as shown in the figure). Looking at monthly sales, the sales volume of 0.0714 million heavy trucks in June is the second lowest in the first half of this year, which can only be ranked in the year 2023.
Sichuan Chengfei Integration Technology Corp. Ltd. (002190.SZ): The company and its subsidiaries are suppliers of Chery, BAIC, and Anhui Jianghuai Automobile Group Corp., Ltd.
Chengfei Integration (002190.SZ) stated on its investor interaction platform on July 10 that the company and its subsidiaries are suppliers to Chery, BAIC, and Anhui Jianghuai Automobile Group Corp.,Ltd.
Anhui Jianghuai Automobile Group Corp., Ltd. expects half-year performance to increase in 2024.
Analysis
Price Target
No Data
