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China Galaxy Securities: The effect of the local subsidy policy is significant, driving the revival of the domestic car market.
According to the data from the Ministry of Commerce, as of October 24th, the national automobile scrappage renewal subsidy applications totaled 1.57 million, while local automobile replacement renewal subsidy applications reached 1.26 million. The growth rate of local subsidy applications is significantly faster than the national scrappage renewal application volume, which significantly boosts domestic demand.
HUAYU Automotive Systems And 2 High Quality Dividend Stocks To Consider
China Galaxy Securities: Q3 components boards achieve excess returns, passenger vehicle market continues "price war".
The price war in the Q3 passenger vehicle market continues and consumer wait-and-see sentiment affects market sales, while the commercial vehicle market is impacted by weak domestic demand, putting pressure on the performance of the automotive sector.
HUAYU Automotive Systems' (SHSE:600741) Weak Earnings May Only Reveal A Part Of The Whole Picture
Huayu Automobile 2024 Third Quarter Report
Express News | Huayu Automotive Systems Q3 Net Profit Down 15.2% Y/Y
Some Investors May Be Worried About HUAYU Automotive Systems' (SHSE:600741) Returns On Capital
