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MEIDONG AUTO (1268.HK): Impairment affects performance, after-sales Business remains stable and improves.
The company announced its 2024 annual report performance: revenue of 22.15 billion yuan, a year-on-year decrease of 22.4%; net loss attributable to shareholders of 2.26 billion yuan, compared to a net profit attributable to shareholders of 0.14 billion yuan in the same period of 2023. The annual report performance is in line with the previous performance forecast, resulting in a loss.
Positive Outlook for China MeiDong Auto Holdings Despite 2H24 Challenges: Buy Rating With Target Price Increase
China MeiDong Auto Swings to 2024 Loss
MEIDONG AUTO To Go Ex-Dividend On June 13th, 2025 With 0.04822 HKD Dividend Per Share
March 27th (Beijing Time) - $MEIDONG AUTO(01268.HK)$ is trading ex-dividend on June 13th, 2025.Shareholders of record on June 16th, 2025 will receive 0.04822 HKD dividend per share on August 27th, 202
Zhaoyin International: Maintains MEIDONG AUTO (01268) "Buy" rating, target price raised to 3.2 Hong Kong dollars.
Zhaoyin International has raised its forecast for MEIDONG AUTO's Net income this year by 21% to 0.494 billion yuan.
"Daihang" Zhiyin International raised MEIDONG AUTO (01268.HK) Target Price to 3.2 yuan. The high turnover strategy continues to show results.
CMB International released a research report indicating that MEIDONG AUTO (01268.HK) had core profits in the second half of last year in line with expectations, with revenues exceeding expectations, mainly due to after-sales service revenue being 11% higher than anticipated; the gross margin was 0.5 percentage points lower than forecasted, as the gross margin for new cars further deteriorated compared to the first half of last year, which was 2.2 percentage points lower than the bank's expectations. Excluding impairment and foreign exchange losses, the pretax profit for the second half of last year was 0.119 billion yuan, which narrowed by approximately 60 million yuan compared to the first half of last year, basically meeting expectations. The bank believes that MEIDONG's current high inventory turnover importance may be underestimated, and last year's profit resilience.