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Changgao Electric Group (002452): A well-established company in switchgear equipment is expected to benefit from investments in both the main grid and the distribution network.
A well-established company in the switchgear industry, with products targeting the main grid and distribution network markets. The company is a veteran enterprise in the domestic isolating switch sector, and through acquisitions, it has expanded its business in combination electrical appliances and complete equipment, covering all stages of generation, transmission, transformation, and distribution. Power equipment is the company's core business, along with coverage of related sectors.
Changgao Electric Group Subsidiaries Win Bids for 227 Million Yuan
Express News | Changgao Electric Group: Subsidiary won the bid for a 0.227 billion yuan State Grid project.
Changgao Electric Group (002452): It is expected that there will be fluctuations in the delivery pace in Q3, and high-voltage products have once again won the bid.
The core point of view is that the company released the third quarter report of 2024, with a year-on-year increase of 10.39% in net income attributable to the parent in the first three quarters of 2024, showing overall growth; the third quarter is expected to be affected by delivery schedule fluctuations. The company benefits from power grid investment construction.
Changgao Dianxin: Report for the third quarter of 2024
Changgao Electric Group (002452.SZ): net income of 0.181 billion yuan in the first three quarters, a year-on-year growth of 10.39%.
Gelonhui on October 25 Changgao Electric Group (002452.SZ) announced its third-quarter report for 2024, with the company achieving revenue of 1.132 billion yuan in the first three quarters, a year-on-year increase of 6.33%; net income attributable to shareholders of the listed company was 0.181 billion yuan, a year-on-year increase of 10.39%; net income attributable to shareholders of the listed company excluding non-recurring gains and losses was 0.169 billion yuan, a year-on-year increase of 9.64%; basic earnings per share was 0.2952 yuan.
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