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Express News | hexing electrical: pre-awarded national grid procurement project total amount is approximately 0.22 billion yuan
Hexing Electrical Q3 Profit Up 11%, Revenue Rises 16%; Shares Down 7%
hexing electrical (603556) 2024 third-quarter report review: consistent strong profitability, overall performance in line with market expectations.
Investment Highlights: In Q1-3 24, the company's revenue was 3.41 billion yuan, up 18.7% year-on-year, with a net income attributable to the parent company of 0.79 billion yuan, up 18.3% year-on-year, gross margin of 46%, up 5.8pct year-on-year, net margin of 23%.
Hangzhou Haixing Electric Power Technology Co., Ltd. Report for the Third Quarter of 2024
Express News | Hexing electrical: The net income in the third quarter increased by 11.45% year-on-year.
Guosen Securities: Power grid investment welcomes a new cycle, global energy storage installations are expected to usher in an explosion.
In the third quarter of 2024, domestic main network equipment will enter a period of intensive delivery in succession, with the domestic bidding for distribution equipment expected to pick up from the fourth quarter of 2024 to the first half of 2025.
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