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Luoyang Xinqianglian Slewing Bearing (300850): The turning point of Q3 performance has arrived, bullish on wind power installation demand growth driving continuous recovery of profitability.
Investment Highlights Q3 Performance turned around on a quarter-on-quarter basis, reaching a turning point: The company achieved revenue of 1.965 billion yuan in the first three quarters of 2024, a year-on-year decrease of 6.06%. Among them, wind power products revenue was 1.35 billion yuan, a year-on-year decrease of 6.96%.
Luoyang Xinqianglian Slewing Bearing (300850.SZ): Currently, the capacity utilization rate is relatively high, with sufficient orders in hand for production.
Gelonghui November 12th | Luoyang Xinqianglian Slewing Bearing (300850.SZ) accepted a specific object investigation on November 12, 2024, regarding the "company's production capacity and order situation?" The company stated that the current production capacity utilization rate is high, with sufficient orders in hand, downstream customer demand feedback is positive for 2025, and the company will optimize production lines, improve processes, and explore production capacity to meet customer delivery requirements based on delivery progress.
luoyang xinqianglian slewing bearing (300850.SZ): The research and development of gearbox bearing products is progressing smoothly, with small-scale shipments expected in 2025.
On November 12, Gelunhui reported that Luoyang Xinqianglian (300850.SZ) accepted a specific target investigation on November 12, 2024, regarding the "gearbox bearing research and development progress, customer development situation, and 2025 shipment guidance." The company stated that the research and development progress of gearbox bearing products is smooth, currently in the stage of technical communication and prototype development with potential cooperating customers, and has already delivered prototypes to some downstream customers for on-site verification; due to cautious product validation by customers, it is expected to have small-scale shipments in 2025.
Luoyang Xinqianglian Slewing Bearing (300850.SZ): has a complete industry chain layout (forgings, steel balls, rollers, etc.), and gradually achieves self-supply of product components.
Gelonghui, November 12th - Luoyang Xinqianglian (300850.SZ) accepted a specific target survey on November 12, 2024, regarding the company's competitive advantages and disadvantages in terms of costs and technologies in the industry. The company stated that it has a complete industry chain layout (forging, steel ball, rollers, etc.) and gradually achieving self-supply of product components. In terms of product quality control, cost reduction, customer delivery flexibility, and other aspects, it has strong advantages. The company is ahead of the trend of large-scale development in wind power bearing, pre-arranging the product category layout, and reserving the technology research and development of large-scale bearings, and mastering various heat treatment quenching processes.
luoyang xinqianglian slewing bearing (300850): The turning point of performance is gradually approaching, looking forward to the volume of new products to promote the company's return to the fast lane of growth.
Event: On the evening of October 25, the company released the third quarter report of 2024. The turning point of performance is gradually approaching, with a 75% year-on-year decrease in the non-net profit attributable to the mother for the first three quarters of 2024. The company achieved revenue of 19 in the first three quarters of 2024.
Express News | Luoyang Xinqianglian Slewing Bearing: Gearbox bearings have prototypes offline, some are in the customer acceptance stage.
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