601500 Jiangsu General Science Technology
- 5.18
- +0.07+1.37%
Jiangsu General Science Technology News
Bullish in the long term! Jiangsu General Science Technology is significantly increasing its position in the social security fund.
As of October 11, 2024, there are as many as 950 listed companies on the A-share market with stock prices below 5 yuan, among which 10 stocks have become the "favorites" of social security funds and have been significantly increased. The reporters noticed that Jiangsu General Science Technology (601500) in the tire sector, together with Zhejiang Yankon Group, Anhui Wanwei Updated High-Tech Material Industry, Shenzhen Kingsino Technology, Xinxing Ductile Iron Pipes, baoxiniao holding, CNOOC Energy Technology & Services, beijing geoenviron engineering & technology, inc., Tangshan Port Group, and Nanjing Iron & Steel have all been shortlisted. Although these stocks have low prices, the favoritism of social security funds has instantly made them the market's focus. Why can "low stock price stocks" attract the attention of social security funds? In fact, it is not difficult to find out that many low-price stocks have
Jiangsu General Science Technology (601500) Initial Coverage Report: Accelerated Layout of Overseas Dual Bases Leading Growth in Intelligent Manufacturing
Leading in intelligent manufacturing of tires, accelerating the global strategic layout. The company has been deeply cultivating the tire industry for more than 20 years, and has established modern production bases in China, Thailand, and Cambodia. With the gradual establishment of overseas dual bases, the contribution of overseas market sales increased from 2019.
Jiangsu General Science Technology: Overseas production capacity is gradually being released, and future tire demand is expected to continue to improve | Directly hitting the earnings conference
① Chairman Gu Cui of Jiangsu General Science Technology stated that the company's tire projects in Thailand Phase II and Cambodia Phase II have been successively put into production, with capacity gradually being released, expected to become new performance growth points; ② The company believes that the rapid rise in the global total number of cars and new energy vehicles is driving strong growth in tire demand, while domestically produced tire brands with high cost performance advantages are highlighted under consumer downgrading, continuously increasing their market share overseas.
Jiangsu General Science Technology (601500): Phase 2 of the Cambodia project has been put into production, further advancing internationalization.
Event: On August 27, 2024, Jiangsu General Science Technology released its 2024 interim report. In the first half of 2024, the company achieved a revenue of 3.068 billion yuan, an increase of 36.91% compared to the same period last year. The net income attributable to shareholders reached 2.
Jiangsu General Science Technology (601500.SH): Cumulative expenditure of 15.609 million yuan to repurchase 2.62 million shares
On September 2nd, Jiangsu General Science Technology (601500.SH) announced that as of August 31, 2024, the company has repurchased a total of 2,624,500 shares, accounting for 0.17% of the total share capital. The highest purchase price was 6.08 yuan/share and the lowest purchase price was 4.36 yuan/share. The total amount paid was 15,609,024 yuan (excluding transaction commissions and other transaction costs).
Tire semi-annual report inventory: strong demand, outstanding performance, continue to expand overseas market.
① Among the 9 listed companies in the tire industry, 8 companies have achieved growth in net income in the first half of this year due to strong market demand; ② Top companies in the industry, such as Sailun Group, Linglong Tyre, and Jiangsu General Science Technology, will continue to expand overseas production capacity in 2024 to meet the high overseas demand.
West Securities: The recovery of downstream auto industry sales drives tire demand, with the production capacity of semi-steel tires at a high level.
The sales of the downstream automotive industry rebounded, driving demand for tires; the prices of upstream raw materials fluctuated and rose, and marine transportation costs remained high, putting pressure on tire manufacturers' cost side; the operating rate of semi-steel tires remained high, while the operating rate of all-steel tires declined slightly.
Jiangsu General Science Technology (601500): Sales and profit increase significantly year-on-year, enabling growth through dual overseas bases.
Investment Highlights: The company has released its 2024 interim report, achieving revenue of 3.068 billion yuan, a year-on-year increase of 36.91%; Net income attributable to parent company reached 0.287 billion yuan, a year-on-year increase of 393.32%; Non-recurring net income attributable to parent company reached 0.276 billion yuan, same as last year.
Jiangsu General Science Technology (601500): High growth in H1 performance, orderly progress of multiple projects at home and abroad.
Executive Summary of this report: The industry is in a high-growth phase, and the company is leveraging multiple bases and projects to achieve high performance in the first half of 2024. From 2024 to 2026, there will be a period of capacity release, enhancing production with intelligent manufacturing, and focusing on brand building to enhance the company's value.
Jiangsu General Technology Co., Ltd. 2024 Semi-Annual Report
Summary of the 2024 semi-annual report of Jiangsu General Technology Co., Ltd.
Jiangsu General Science Technology (601500.SH): The Cambodian subsidiary signed an 'Equipment Purchase and Installation Contract' with Hongdou Energy and its subsidiaries.
On August 27, Jiangsu General Science Technology (601500.SH) announced that, for the production operation needs of the company's investment in the construction of the Cambodia high-performance radial tire project (Phase II), the Cambodian subsidiary signed a "Equipment Purchase and Installation Contract" with Red Bean Energy and its subsidiaries, with a total contract amount of 30.05 million yuan. This includes a low-voltage cabinet in the Cambodian subsidiary workshop for 3.95 million yuan, a high-voltage cabinet for 7.2 million yuan, electrical installation engineering materials for 15 million yuan, and electrical installation engineering for 3.9 million yuan.
Express News | Jiangsu General Science Technology: The net income in the first half of the year increased by 393.32% year-on-year.
Jiangsu General Science Technology (601500.SH): net income in the first half of the year was 0.287 billion yuan, a year-on-year increase of 393.32%.
Gelonghui August 27th | Jiangsu General Science Technology (601500.SH) released its 2024 interim report, with a revenue of 3.068 billion yuan during the reporting period, a year-on-year increase of 36.91%; the net income attributable to the shareholders of the listed company was 0.287 billion yuan, a year-on-year increase of 393.32%; the net income attributable to the shareholders of the listed company after deducting non-recurring gains and losses was 0.276 billion yuan, a year-on-year increase of 514.84%; and the basic earnings per share was 0.18 yuan per share.
Jiangsu General Science Technology (601500.SH) released its half-year performance, with a net income of 0.287 billion yuan, a year-on-year increase of 393.32%.
Jiangsu General Science Technology (601500.SH) released its semi-annual report for 2024, achieving revenue of 3...
Express News | Jiangsu General Science Technology: signed a 30.05 million yuan equipment purchase and sales contract.
Minsheng Securities: With the advantage of intelligent manufacturing, China's tire globalization is accelerating.
Chinese tire companies have significant advantages in terms of labor costs and intelligent manufacturing. In the short term, they have achieved rapid expansion through the demographic dividend. In the medium term, they are accelerating the global process through the advantages of intelligent manufacturing. In the long term, they are expected to obtain brand premium through technological strength.
Hongdou Group's high-quality development pioneer | Jiang Jiehua: being the "financial steward" for the high-quality development of Jiangsu General Science Technology.
In recent years, the tire industry has continued to rise in prosperity. Jiangsu General Science Technology (SH601500) has seized this new global strategic opportunity, adhering to innovation-driven, accelerating the integration of domestic and overseas resources, becoming the first Chinese tire company in the industry to achieve comprehensive production in both overseas bases, and has always had strong production and sales, with orders outstripping supply, creating a new advantage of leading the industry in all aspects. The remarkable achievements can not be separated from the hard work of the financial team of Jiangsu General Science Technology, who have been working tirelessly day and night with countless data reports, vouchers, and documents. They are meticulous, weaving a dense "safety net" for financial management. They always stand their ground, maintain strict discipline, and selflessly contribute.
Currently, jiangsu general science technology (601500.SH) is running at full capacity due to a shortage of domestic steel orders.
Jiangsu General Science Technology (601500.SH) stated on the investor platform on August 14th that the company's domestic steel orders are in short supply and are running at full capacity. Since the domestic steel technical renovation project was put into operation on June 28, 2024, the progress has been smooth, and it is expected to achieve full production in 2025. The company will continue to accelerate the release of production capacity to meet market demand and provide users with better products and services.
Express News | Agreement transfer in A shares has created a small wave, and venture capital exits have opened up new channels.
Analysis
Price Target
No Data
No Data