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Jiangsu Xinri E-Vehicle's (SHSE:603787) Earnings Have Declined Over Five Years, Contributing to Shareholders 42% Loss
Jiangsu Xinri E-vehicle (603787.SH) announced a semi-annual equity distribution for 2024: a distribution of 0.05 yuan per share with equity registration on September 27th.
Jiangsu Xinri E-vehicle (603787.SH) issued the semi-annual equity distribution announcement for 2024, with profit distribution as follows...
Jiangsu Xinri E-Vehicle (603787.SH): The average replacement cycle for electric two-wheeled vehicles is around 5 years.
Jiangsu Xinri E-vehicle (603787.SH) stated in the performance briefing on September 5th that since the implementation of the new national standard in 2019, a large number of non-compliant electric motorcycles have been phased out and replaced. In addition, the replacement cycle for electric motorcycles is an average of 5 years. With the development of China's electric motorcycle industry and the increase in the number of vehicles, the demand for natural replacement is expected to grow. In terms of policies, on one hand, since the State Council issued the "Action Plan for Promoting Large-scale Equipment Renewal and Trade-in of Consumer Goods" in the first half of this year, the Ministry of Commerce and other departments have issued a series of "renewal" action plans and measures. In July 2024, the country...
Policy dividends boost! The two-wheeler sector is revving up, how will the market perform in the future?
Market demand will be further released.
A shares at midday: The chinext price index fell by 1.76%. Stocks beginning with middle letter generally fell. Insurance and two-wheeler concept stocks rose against the market.
As of midday closing, the Shanghai Composite Index fell 0.62% to 2824.5 points, the Shenzhen Component Index fell 1.24%, and the Chinext Price Index fell 1.76%.
Jiangsu Xinri E-Vehicle's (SHSE:603787) Sluggish Earnings Might Be Just The Beginning Of Its Problems
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