Intensified competition puts pressure on gross margin, Luoyang Xinqianglian Slewing Bearing expects a significant decline in performance for the 2024 fiscal year | Interpretations

① In 2024, the competition pressure in the wind power industry is being passed upstream, leading to performance pressure for wind power component companies. Luoyang Xinqianglian Slewing Bearing expects a significant decline in the company's performance year-on-year in 2024; ② Some industry insiders have indicated to reporters from Cai Lian She that there are signs of easing in the internal competition of the wind power industry.

cls.cnJan 21 07:57 ET

The Oil & Gas Industry is experiencing an improvement in prosperity, BOMESC Offshore Engineering expects to turn losses into profits in 2024 | Interpretations

① In recent years, Global investments in offshore Oil & Gas exploration and development have significantly increased, and BOMESC Offshore Engineering has a sufficient number of Orders on hand, supporting its performance. ② The company previously stated that an oil price of around 70-80 dollars per barrel is more favorable for market expansion.

cls.cnJan 20 09:00 ET

In Q4, expected losses could exceed 0.8 billion yuan due to intensified competition and industry cycle adjustments. China Greatwall Technology Group anticipates an expanded loss last year | Interpretations

① Due to intensified market competition combined with multiple impacts from industry policies and adjustments in the industrial cycle, China Greatwall Technology Group reported a maximum expected loss of 1.52 billion yuan last year, with the highest single-quarter loss in Q4 potentially exceeding 0.8 billion yuan, reaching a new high. ② As of now, there has been no progress on the public listing for the sale of 40% equity in Greatwall Galaxy Technology. ③ From October 16 to November 11, the stock price of China Greatwall, a Concept stock, increased by 141.83%, while its performance exhibited some peculiarities.

cls.cnJan 15 09:20 ET

The three major A-share indexes showed mixed results, with the micro-index leading the decline, Hong Kong stocks fell, and the Hang Seng Tech Index dropped by more than 2%.

Hong Kong stocks fell, with the Hang Seng Index down 1.93% and the Hang Seng TECH Index down 2.04%. EAST BUY fell nearly 5%, and BYD Electronics dropped over 4%. Oil & Gas stocks opened with a significant rise, with Xinjiang Zhundong Petroleum Technology hitting the limit up, while Sino Geophysical, Tong Petrotech Corp., XinJiang Beiken Energy Engineering, and Zhongman Petroleum And Natural Gas Group Corp.,Ltd. all opened high.

wallstreetcnJan 12 20:55 ET

There are abundant Orders on hand. Ningbo Orient Wires & Cables invests 2 billion yuan to expand production | Quick reading of the announcement.

① The backlog of orders is abundant, and Ningbo Orient Wires & Cables plans to invest 2 billion yuan in three phases to construct a deep-sea transmission equipment project; ② Industry insiders say that in the wind power Industry Chain, the submarine cable segment, especially for high voltage submarine cable products, has a good competitive landscape, and a few companies, including Ningbo Orient Wires & Cables, monopolize the market.

cls.cnJan 10 09:28 ET

Microsoft announced the use of green hydrogen to power Datacenters. Institutions recommend paying attention to the upstream hydrogen production segment.

①Microsoft announced that it has reached an agreement with ESB, where the power control and management building of the datacenter located in Dublin will be powered by zero-emission green hydrogen energy. ②Caitong stated that the green hydrogen sector has attributes of high growth and significant potential, and that the large-scale development of domestic and international green hydrogen projects will allow the electrolysis and compressor segments to fully benefit from the growth.

cls.cnJan 7 19:00 ET