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Guosen Securities: The domestic and overseas prosperity of the power equipment industry continues to drive the growth of end demand, boosting the shipment of lithium batteries in all sectors.
In the first half of 2024, the performance of the power grid enterprises has generally shown a steady growth trend. In the second half of the year, with the delivery entering the peak season, the performance resilience is expected to further increase. The shipment volume of the lithium battery industry has increased in Q2, and looking forward to the third quarter, the terminal demand is entering the peak season, and the shipment volume at all levels is expected to steadily rise.
Sany Renewable EnergyLtd's (SHSE:688349) Weak Earnings Might Be Worse Than They Appear
Sany Heavy Energy (688349.SH): has repurchased 1.0238% of shares.
As of August 31, 2024, Sany Heavy Equipment (688349.SH) announced that it has repurchased a total of 12,556,431 shares through the Shanghai Stock Exchange trading system through centralized bidding trading, accounting for 1.0238% of the company's total share capital of 1,226,404,215 shares. The highest price for repurchases was 29.32 yuan/share, the lowest price was 22.23 yuan/share, and the total amount paid was 324,838,652.21 yuan (excluding transaction costs).
Sinolink Securities: The profit of the whole machine in the first half of the year has improved month-on-month, and we are looking forward to a substantial increase in the sea breeze in the second half of the year.
Considering the quarterly profit trend changes in the upstream raw materials and components segment last year, the recovery of gross margin in the first half of the year was mainly contributed by the transmission of price pressure to the upstream, but there were also factors such as the large-scale expansion of wind power and the increase in overseas proportion.
The industry's installed capacity has increased, Sany Heavy Industry's H1 revenue has increased by 30% year-on-year, but the decrease in the number of wind farms sold has led to a decrease in net profit.
1. In terms of profitability, the company's overall gross margin is 16.01%, a 4.82 percentage point increase from the second half of last year, mainly due to a significant increase in the gross margin of wind turbine sales and effective control of costs and expenses; 2. The income from wind turbines and accessories is 4.917 billion yuan, a year-on-year increase of 68.10%. Among them, domestic onshore wind turbines' external sales capacity is 3.3GW, a 121% year-on-year increase.
Sany Heavy Energy 2024 Semi-Annual Report
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