Ping An Securities' building materials strategy for 2025: Weak reality and strong expectations, focusing on supply-side changes in segmented tracks.
Looking ahead to 2025, it is expected that the commodity sales area will decrease by 6.5% year-on-year, and the market is still bottoming out. However, with the central government's clear direction of "stopping the decline and stabilizing," policy support can still be anticipated.
Zhuzhou Kibing Group (601636): Photovoltaic glass is dragging down profits in stages, and float glass is expected to stabilize at the bottom.
Event One: On October 29, the company released the third quarter report for 2024. In the first three quarters, the company achieved revenue of 11.6 billion yuan, a year-on-year increase of +3.7%; realized net income attributable to mothers, and net income deducting non-mothers of 0.7, 0.62 billion yuan.
Express News | Nearly 20 A-share listed companies disclosed the latest M&A restructuring announcements this week. Western Securities intends to acquire 64.6% stake in Guorong Securities for 3.825 billion yuan.
Shenyin Wanguo: Profit decline narrows in the building materials industry in Q3 2024, significant improvement in profit for the cement sector.
In the third quarter, the building materials industry achieved revenue of 175.45 billion yuan, (yoy-9.0%, qoq-8.3%), net income attributable to the parent company was 6.45 billion yuan (yoy-32.0%, qoq-17.0%), gross margin in the third quarter was 18.2% (yoy-0.9pct, qoq-0.3pct), net margin was 4.09% (yoy-0.9pct, qoq-0.03pct).
zhuzhou kibing group (601636.SH): intends to issue shares to purchase 28.78% equity of kibing guangneng.
On November 5, Gelonghui announced that zhuzhou kibing group (601636.SH) plans to purchase 28.78% equity of its holding subsidiary, Qibin light energy, by issuing shares. As of the signing date of this summary of the proposal, the audit and evaluation work of the target company has not been completed, and the target asset appraisal value and transaction price have not been determined. The target company of this share issuance to purchase assets, hunan zhuzhou kibing optoelectronic technology co., ltd., is a listed company's holding subsidiary, with zhuzhou kibing optoelectronic's main business being the research and development, production, processing, and sales of photovoltaic glass. This share issuance to purchase a minority stake in zhuzhou kibing optoelectronic is beneficial for further strengthening the listed.
Express News | Zhuzhou Kibing Group: intends to issue shares to acquire 28.78% equity of its holding subsidiary Hunan Zhuzhou Kibing Optoelectronic Technology Co., Ltd.
Earnings Miss: Zhuzhou Kibing Group Co.,Ltd Missed EPS And Analysts Are Revising Their Forecasts
Zhuzhou Kibing Group (601636): Industry trends drag down performance, Baohouselift boosts glass prices
Industry trends dragging down performance, Baoshanglou boosting glass prices, maintaining a "buy" rating. The company released the Q3 report of 2024, with the revenue reaching 11.6 billion yuan in the first three quarters of 2024, a year-on-year increase of +3.72%; achieving
Zhuzhou Kibing Group (601636): The bottom of the business cycle highlights the cost Α.
In the first three quarters of 2024, the company achieved revenue of 11.6 billion, a year-on-year growth of 3.7%; achieved a net income attributable of 0.699 billion, a year-on-year decline of 43.8%. Q3 quarterly revenue was 3.689 billion, the same.
First Securities: Policy guidance is gradually strengthening, expecting marginal improvement in the future building materials market.
Currently, the building materials industry index is performing well, with most individual stocks rising. It is expected that the building materials market will see marginal improvement in the future, and the industry sector will have a good performance. In the near term, it is necessary to continue to pay attention to the impact of short-term policies on the real estate, infrastructure, and new energy markets.
Zhuzhou Kibing Group (601636): Q3 performance under pressure, focusing on the space for clearing excess production capacity of float glass and photovoltaic glass.
The company released the third quarter report of 2024: 24Q1-Q3 achieved operating income of 11.6 billion yuan, +3.72% year-on-year, net profit attributable to the parent company of 0.699 billion yuan, -43.77% year-on-year, non-net profit attributable to the parent company of 0.623 billion yuan
Zhuzhou Kibing Group (601636): Q3 performance under pressure, looking forward to the acceleration of supply-side optimization.
Event: The company released the third quarter report for 2024. In the first three quarters of 2024, the company's revenue was 11.6 billion yuan, a year-on-year increase of 3.7%, achieving a net income attributable to the parent company of 0.7 billion yuan, a year-on-year decrease of 43.8%, with a non-net income of 6.
Zhuzhou Kibing Group (601636): Photovoltaic glass under pressure, looking forward to Q4 float recovery.
The company announced its third-quarter performance: Q3 revenue of 3.69 billion yuan, -14.2%/-9.0% year-on-year/quarter-on-quarter; net profit attributable to parent company of -0.11 billion yuan, -0.7/-0.47 billion yuan year-on-year/quarter-on-quarter. The company achieved revenue of 1 in the first three quarters.
Zhuzhou Kibing Group (601636): Weak demand leads to lower glass prices, Q3 revenue and profits under pressure.
Event: In Q3, the company's quarterly revenue was 3.689 billion yuan, a year-on-year decrease of 14.21%, net income attributable to owners -0.112 billion yuan, a year-on-year decrease of 118.80%; net income attributable to owners after non-recurring items -0.137 billion yuan, a year-on-year decrease.
Kibing Group Third Quarter Report 2024
Zhuzhou Kibing Group (601636.SH) released its performance for the first three quarters, with a net income of 0.699 billion yuan, a decrease of 43.77% year-on-year.
Zhuzhou Kibing Group (601636.SH) released the financial report for the first three quarters of 2024, during the reporting period the company achieved revenue...
zhuzhou kibing group (601636.SH): net income of 0.699 billion yuan in the first three quarters, a year-on-year decrease of 43.77%.
Gelonghui October 29th | Zhuzhou Kibing Group (601636.SH) announced its third quarter report for 2024, with the company's revenue in the first three quarters reaching 11.6 billion yuan, a year-on-year increase of 3.72%; the net income attributable to the shareholders of the listed company was 0.699 billion yuan, a year-on-year decrease of 43.77%; basic earnings per share was 0.2621 yuan.
GF Securities: Urban renewal monetization settlement promoted, policy assistance continues to support the construction materials sector repair.
Affected by weak real estate demand, the fundamentals of the building materials industry are still on the left side. The current industry 'weak reality' still exists, but 'weak expectations' have been continuously improving.
Zhuzhou Kibing Group (601636.SH): Recently, some domestic photovoltaic glass companies have adjusted their production capacity through cold repairs, reducing kiln mouths, and suspending cold end processing.
Gelonghui, October 14th | zhuzhou kibing group (601636.SH) stated on the investor interaction platform that as of the end of September, the total daily melting amount of photovoltaic glass production lines nationwide was approximately 0.105 million tons. Recently, some domestic photovoltaic glass companies have adjusted production capacity through cold repair, reducing kiln openings, and suspending cold end processing. Currently, the monthly glass production has started to approach the demand for modules. The company attaches great importance to the management and recovery of accounts receivable, will further improve the company's credit policy, improve the credit control process, strengthen customer credit review, refine credit control plans, enhance dynamic tracking of customers, real-time monitoring of fund recovery, and take multiple measures.
zhuzhou kibing group (601636.SH): In the third quarter, some production lines at certain bases experienced a cost-price inversion.
Geelong reported on October 14th that Zhuzhou Kibing Group (601636.SH) stated on the investor interaction platform that in the third quarter, the production lines of some bases experienced a situation where costs were higher than prices. The company fully leveraged the advantages of multiple production lines and multiple varieties, actively implemented a product differentiation global strategy, and overall did not experience a situation where prices were higher than costs.
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