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Research Reports Gold Mining | China Merchants: Zhejiang CFMOTO Power's annual performance is excellent, maintaining a "strong buy" rating.
On February 13, Gelonghui reported that China Merchants' Research Reports indicate that Zhejiang CFMOTO Power (603129.SH) is expected to achieve a Net income of 1.42 to 1.56 billion yuan for the entire year of 2024, representing a year-on-year growth of 40.94% to 54.84%. The overall performance is excellent, with strong growth momentum. The company's sales of four-wheeled vehicles have shown significant growth, and after the inventory adjustment period ends, there is hope for a return to the growth track. The company's four-wheeled vehicle sales accounted for 41.8% in December and 36.1% for the whole year of the Industry, solidifying its leading position. In the two-wheeled vehicle segment, the company continues to launch new products, including the 800MT-X and 700MT.
Zhejiang CFMOTO Power (603129): Performance in 2024 exceeds expectations with comprehensive growth in two and four wheels.
Event: The company released its performance forecast for 2024. 1) For the full year of 2024: It is expected to achieve a net income attributable to shareholders of 1.42 to 1.56 billion yuan, a year-on-year increase of 40.94% to 54.84%; excluding non-recurring items, the net income attributable to shareholders is 1.
Zhejiang CFMOTO Power (603129): The rose of time.
Event: Zhejiang CFMOTO Power announces the projected increase in annual performance for 2024: According to preliminary calculations by the company's finance department, it is expected that the net income attributable to the parent company for 2024 will reach 1.42-1.56 billion yuan, a year-on-year increase of +40.94%-54.84%.
Zhejiang CFMOTO Power (603129): Leading market share in the large-displacement motorcycle segment and accelerating the premiumization of all-terrain vehicles.
Event: The company has announced a preliminary forecast for its 2024 performance, estimating that the net income attributable to the parent company will be between 1.42 billion yuan and 1.56 billion yuan, which represents a year-on-year increase of 40.9% to 54.8%. It is expected that the net income, excluding non-recurring items, will be 1.39 billion yuan.
Express News | Institutions are bullish on these stocks today.
Zhejiang Cfmoto Power Forecasts Up to 55% Rise in 2024 Profit; Shares Climb 3%