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Is Shanghai QiFan Cable Co., Ltd's (SHSE:605222) 7.7% ROE Strong Compared To Its Industry?
Guosheng Securities: Significant improvement in wind turbine profitability, bullish on the growth of the offshore cable tower performance driven by the increase in offshore wind power generation in the second half of the year.
The offshore wind power bidding in the first half of 2024 is almost the same as that in the first half of 2023, while the onshore wind power bidding is impressive. The offshore wind power projects will gradually start in the second half of the year, and the bidding is expected to exceed expectations. Bullish on wind power construction in 2025.
Qifan Cable 2024 Semi-Annual Report
Summary of Qifan Cable\'s 2024 Semi-Annual Report
Shanghai Qifan Cable (605222.SH) released its semi-annual performance with a net income of 0.187 billion yuan, a year-on-year decrease of 24.39%.
Shanghai Qifan Cable (stock code: 605222.SH) has released its semi-annual report for 2024, reporting revenue of 1...
Shanghai Qifan Cable (605222.SH): The net income in the first half of the year was 0.187 billion yuan, a 24.39% year-on-year decrease.
On August 29th, Shanghai Qifan Cable (605222.SH) released its semi-annual report. In the first half of 2024, the company achieved revenue of 10.288 billion yuan, a decrease of 3.55% year-on-year. The net income attributable to shareholders of the listed company was 0.187 billion yuan, a decrease of 24.39% year-on-year. The net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 0.177 billion yuan, an increase of 0.49% year-on-year.
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