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Camel Group Co., Ltd. (601311.SH): Will continue to promote the development of the lead-acid recycling industry.
Camel Group Co.,Ltd. (601311.SH) stated on the investor interaction platform on September 5th that the implementation of the relevant plan is mainly to encourage consumers of two-wheel electric vehicles to replace lithium batteries with potential safety hazards with lead-acid batteries, which will promote the sales, recycling, and reuse of lead-acid batteries. Lead-acid batteries have excellent safety and stability, and their recycling technology is more mature, and the recycling system is more complete. The company will continue to promote the development of the lead-acid battery recycling industry. The company focuses on the operation of automotive low-voltage batteries and maintains a certain amount of raw materials and finished product inventory. Overall, the fluctuation of lead prices has an impact on the company.
Market Still Lacking Some Conviction On Camel Group Co., Ltd. (SHSE:601311)
Camel Group Co., Ltd. (601311.SH): There is no possibility of generating a large number of bad debts.
On August 21st, camel group co.,ltd. (601311.SH) expressed on the investor interactive platform that the company has good accounts receivable management capabilities and there is no possibility of generating large-scale bad debts. The accounts receivable data published in the semi-annual report is point-in-time data, mainly from customers in the new car supporting market, which is also a characteristic of the supporting market industry. The accounts receivable turnover days in the first half of the year is about 42.9 days, nearly 4 days faster than the 46.8 days in the same period last year; the amount of accounts receivable in the first half of the year is related to the price increase of the company's main product raw materials. The company will continue to strengthen accounts receivable management and improve accounts receivable turnover rate.
Camel Group Co., Ltd. 2024 Interim Report
Camel Group Co., Ltd. 2024 Half-Yearly Report Summary.
Camel Group Co., Ltd. (601311.SH): Net income in the first half of the year was CNY 0.314 billion, a year-on-year increase of 11.89%.
On August 19, Globalegrow Camel Group Co.,Ltd. (601311.SH) released its semi-annual report, with operating revenue of 7.5 billion yuan, a year-on-year increase of 15.24%, and a net income attributable to shareholders of listed companies of 0.314 billion yuan, a year-on-year increase of 11.89%. The net income after deducting non-operating gains and losses was 0.34 billion yuan, a year-on-year increase of 39.94%. During the reporting period, the transformation of the automotive industry accelerated, and the industry faced severe competition and deteriorating environment. Traditional automakers are confronted with unprecedented pressure and challenges to transform and upgrade. As an auto parts supplier, the company is facing a series of challenges.
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