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Express News | Fangzheng Securities gives shaanxi construction machinery Co., Ltd. an initial buy rating.
Shaanxi construction machinery (600984): Improvement in competitive landscape + increase in market share, under the background of debt restructuring, the performance turning point is expected to accelerate.
Event: The company released the third quarter report for the 24th year: the company achieved revenue of 1.982 billion yuan in the first three quarters, a year-on-year decrease of 18.71%; net income attributable to shareholders was -0.628 billion yuan, a year-on-year decrease of 79%. In Q3 alone, the company's revenue was 0.664 billion yuan.
Construction Machinery Third Quarter Report 2024
Express News | Shaanxi Construction Machinery: signed a 52.4031 million yuan related trade contract.
Express News | Construction machinery sector surged with abnormal movements, Shaanxi Construction Machinery hit the limit up.
Shaanxi Construction Machinery (600984): China's leading tower crane rental company, industry consolidation accelerates market share growth.
Key investment points for Shaanxi Construction Machinery: China's leading tower crane rental company, industry consolidation helping increase market share 1) Backed by Shaanxi Coal Group: The company's largest shareholder is Shaanxi Coal Group, a state-owned enterprise in Shaanxi Province; its wholly-owned subsidiary Pangyuan Leasing is a leader in China's tower crane rental industry, 20
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