No Data
No Data
Hangcha Group (SHSE:603298) Seems To Use Debt Quite Sensibly
Research reports from Guosen Securities indicate that Hangcha Group is expected to see steady growth in performance, maintaining its 'outperform' rating against the broader market.
Guosen's research report pointed out that Hangcha Group (603298.SH) is the leader of China's forklift industry, fully benefiting from the trend of product electrification, lithium battery, and global business. Its performance is expected to steadily grow, maintaining a "better than the market" rating. On the domestic front, although the penetration rate of electric forklifts in China has greatly increased, there is still some gap compared to Europe. At the same time, the electrification rate of balance heavy forklifts in China is still low, and there is still room for improvement in the future. In terms of globalization, the company has established multiple overseas sales companies and parts service centers in Europe, North America, Southeast Asia, Oceania, etc. With the establishment of overseas channels, the company's brand strength continues to increase.
CICC Starts Hangcha Group at Outperform With 22 Yuan Price Target
Zhuhai Enpower Electric (300681.SZ): plans to jointly establish a joint venture with Hangcha Group to further expand business in the field of electric industrial vehicles.
On July 14th, Gelonhui reported that Zhuhai Enpower Electric (300681.SZ) signed a cooperation contract with Hangcha Group to establish Zhejiang Huahang Electric Drive Co., Ltd. together, in order to further expand their business in the field of electric industrial vehicles. The registered capital of the joint venture is 50 million RMB, with the company contributing 17.5 million RMB in cash, accounting for 35% of the registered capital, and Hangcha Group contributing 27.5 million RMB in cash, accounting for 55% of the registered capital. The management teams of both parties established the Hangzhou Hanger Enterprise Management Partnership Enterprise (hereinafter referred to as Hanger Enterprise Management) as a partnership enterprise.
Hangcha Group Co., Ltd's (SHSE:603298) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Hangcha Group (603298.SH): plans to establish Hangcha Europe Leasing Limited with the French general agent.
On July 4, Guolonghui announced that Hangcha Group (603298.SH) plans to establish Hangcha Europe Leasing Co., Ltd in France in conjunction with CAPMEUROPE, the company's general agent in France. This move is in line with the company's global business strategy to further improve its sales and rental network, expand overseas rental business, enhance its global marketing resources allocation, innovate marketing models, establish a fast and efficient financing and operational leasing system, and enhance the company's brand image. The company will hold 60% of the shares and invest 1.8 million euros, while CAPMEUROPE will hold 40% of the shares.
No Data