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Guotou Securities: Q3 home appliance subsidy policies promote economic improvement, while exports continue to grow rapidly.
Since the end of August, various provinces and cities have successively implemented detailed rules for the 'old for new' subsidy for household appliances, effectively boosting the consumer electronics consumption sentiment. With the continuous efforts of the subsidy policy, the domestic sales outlook for household appliances is expected to bottom out and rebound.
Guangdong Xinbao Electrical Appliances Holdings (002705): Revenue scale growth rate is relatively high, profit capability is declining in stages.
The company disclosed the third quarter report of 2024: in the first three quarters of 2024, the company achieved revenue of 12.69 billion yuan, a year-on-year increase of 17.99%, and achieved a net income attributable to the mother of 0.785 billion yuan, a year-on-year increase of 6.66%.
Guangdong Xinbao Electrical Appliances Holdings (002705): Continued growth in export orders, independent brand powering up.
Investment highlights: Revenue in line with expectations, but net income attributable to shareholders falls short of expectations. Guangdong Xinbao Electrical Appliances Holdings achieved revenue of 12.69 billion yuan in 2024 Q1-Q3, an 18% year-on-year increase; achieved net income attributable to shareholders of 0.785 billion yuan, a 7% year-on-year increase.
Guangdong Xinbao Electrical Appliances Holdings (002705): Domestic demand subsidy boosts, exports continue to grow rapidly.
On the evening of October 28, 2024, guangdong xinbao electrical appliances holdings released the third quarter report of 2024. The company achieved revenue of 12.7 billion yuan in the first three quarters of 2024, an 18.0% year-on-year increase, achieving a net profit attributable to the parent.
Guangdong Xinbao Electrical Appliances Holdings (002705): Positive Q3 exports, brand business still under pressure.
The company disclosed the third quarter report for 2024, with 9M2024 achieving a total operating income of 12.69 billion yuan, up by 17.99% year-on-year, and a net profit attributable to the parent company of 0.785 billion yuan, up by 6.66% year-on-year. Among them, the revenue for 3Q24
Guangdong Xinbao Electrical Appliances Holdings (002705) Quarterly Report Review: Bright export growth, pressures on domestic sales.
Event: The company released the third quarter report of 2024. The company achieved total operating revenue of 12.69 billion yuan in 2024 Q1-Q3, up by 18.0% year-on-year; achieved a net income attributable to the parent company of 0.78 billion yuan, up by 6.7% year-on-year; excluding non-operating
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