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Express News | Galaxy Securities: Grasp the two investment main lines of power equipment
Express News | Galaxy Securities: The domestic and international grid construction is highly prosperous. Grasp three major benefiting areas.
Research Reports丨haitong int'l: nari technology's performance meets market expectations, maintaining a rating of "excellent greater than market".
haitong int'l research reports pointed out that nari technology (600406.SH) had a gross margin of 29.26% in the first three quarters of the company, flat year-on-year, with a gross margin of 29.63% in 2024Q3, a year-on-year decrease of 0.86%, and the overall performance of the company meets market expectations. During the reporting period, the world's first set of Static Synchronous Compensator (SSC) developed by the company completed artificial short-circuit tests, independently developed the world's first eco-friendly 126kV fast circuit breaker, and independently controllable ultra high pressure direct current control and protection equipment operated at the ±800kV Suzhou converter station. International projects are progressing rapidly, and a successful contract was signed for the Saudi Arabia reservoir.
Nari Technology (600406): Performance meets market expectations, power grid equipment bidding maintains high prosperity.
Revenue and net income growth rate are in line with market expectations. The company achieved revenue of 32.31 billion yuan in the first three quarters of 2024, a year-on-year increase of 13.11%, achieving a net income attributable to the parent company of 4.473 billion yuan, a year-on-year increase of 7.53%, among which
China Galaxy Securities: Marginal improvement in wind power in October, actively seizing allocation opportunities.
With the economic recovery and the rapid development of AI, the global demand for electrical utilities continues to grow. In addition, the integration of new energy sources into the grid and the demand for electrical grid upgrades, electrical equipment companies going global are expected to benefit greatly.
nari technology (600406): Steady growth in performance in the third quarter, deep benefit from the construction of new electrical utilities systems.
In the first three quarters of 2024, revenue increased by 12.97% year-on-year, while net income attributable to equity holders increased by 7.53% year-on-year. In the first three quarters of 2024, the company achieved revenue of 32.313 billion yuan, a year-on-year increase of 12.97%; comprehensive gross margin 29.
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