605222 Shanghai QiFan Cable
- 16.85
- -0.01-0.06%
Shanghai QiFan Cable News
Soochow: In Q3 2024, downstream delivery is gradually increasing, and the wind turbine gross margin is improving compared to the previous period.
It is estimated that the offshore wind power will install 7-8GW in 2024 and 13-15GW in 2025, with year-on-year increases of 25% and 100% respectively.
Express News | Shanghai Qifan Cable has invested to establish a new wire and cable company.
Qifan Cable\'s 2024 Third Quarter Report
Shanghai Qifan Cable (605222): Performance in the first half of the year is under pressure, looking forward to an acceleration in the delivery of submarine cable orders in the second half of the year.
Event: The company has released its 2024 semi-annual report, achieving revenue of 10.288 billion yuan in the first half of 2024, a decrease of 3.55% year-on-year; net income attributable to the parent company was 0.187 billion yuan, a decrease of 24.45% year-on-year; after deducting non-recurring items
Guosheng Securities: Significant improvement in wind turbine profitability, bullish on the growth of the offshore cable tower performance driven by the increase in offshore wind power generation in the second half of the year.
The offshore wind power bidding in the first half of 2024 is almost the same as that in the first half of 2023, while the onshore wind power bidding is impressive. The offshore wind power projects will gradually start in the second half of the year, and the bidding is expected to exceed expectations. Bullish on wind power construction in 2025.
Qifan Cable 2024 Semi-Annual Report
Summary of Qifan Cable\'s 2024 Semi-Annual Report
Express News | Shanghai Qifan Cable: Net income in the first half of the year decreased by 24.39% year-on-year.
Shanghai Qifan Cable (605222.SH): The net income in the first half of the year was 0.187 billion yuan, a 24.39% year-on-year decrease.
GeLongHui on August 29th. Shanghai Qifan Cable (605222.SH) released its semi-annual report. In the first half of 2024, the company achieved revenue of 10.288 billion yuan, a decrease of 3.55% year-on-year; achieved a net income attributable to shareholders of the listed company of 0.187 billion yuan, a decrease of 24.39% year-on-year; achieved a net income attributable to shareholders of the listed company after deducting non-recurring gains and losses of 0.177 billion yuan, an increase of 0.49% year-on-year.
A-share market changes | Shanghai Qifan Cable continued to rise more than 6%, with a cumulative increase of 25% in the past five days, bringing about a reversal of the situation.
On July 26th, GeLongHui reported that Shanghai Qifan Cable (605222.SH) rose more than 6% again, with a cumulative increase of up to 25% in the past 5 days, breaking the trend and reaching 18 yuan, with a total market value of 7.54 billion yuan. Data shows that by 2023, China's wire and cable market size will reach 1.17 trillion yuan, and the market size is expected to reach 1.2 trillion yuan by 2024. Soochow Securities recently gave Qifan Cable a “buy” rating with a target price not exceeding 26 yuan. It predicts that Qifan Cable's net income in 2024 will be 0.5 billion yuan.
Shanghai Qifan Cable (605222.SH) plans to distribute a dividend of 0.16 yuan per share in 2023, with ex-rights and ex-dividends on June 18.
Shanghai Qifan Cable (605222.SH) issued an announcement regarding the annual profit distribution plan for 2023: the company intends to distribute to all...
Express News | A-share fixed increase at a glance: 6 companies disclose fixed increase progress
Qifan Cable (605222.SH) plans to raise no more than 1 billion yuan in capital
Qifan Cable (605222.SH) disclosed plans to issue A-shares to specific targets in 2024. The company now...
Express News | Qifan Cable: It is planned to raise no more than 1 billion yuan in additional capital for the Pingtan Cable Base project, Pingtan Qifan Cable Co., Ltd. and supplement the working capital.
Guosheng Securities: Seabreeze is booming, and the development of submarine cable links has the strongest resistance to deflation
Since submarine cables require 2-3 years of quality verification and capacity construction, etc., it is expected that the competitive pattern for high-pressure/flexible submarine cables will be stable for at least 2-3 years, and the overall profitability and value of submarine cables are expected to be maintained.
Qifan Cable (605222): Performance is in line with expectations, land cable profits have recovered, and inventory price increases will increase Q2 profits
Investment highlights: Event: On the evening of April 29, 2024, the company released its quarterly report for the year 24. Q1 results were in line with expectations, and land cable profits recovered month-on-month. 24Q1 achieved revenue of 4.8 billion yuan, +5% /-25 month-on-month
Qifan Cable (605222.SH)'s net profit of 85.3 million yuan in the first quarter decreased by 44.89% year-on-year
Gelonghui, April 29丨Qifan Cable (605222.SH) announced that in the first quarter of 2024, the company's revenue was 4.8 billion yuan, up 5.27% year on year; net profit attributable to shareholders of listed companies was 85.3 million yuan, a year-on-year decrease of 44.89%; and basic earnings per share were 0.20 yuan/share.
Qifan Cable (605222.SH): No products related to high-speed copper cable connections
Gelonghui, April 11 | Qifan Cable (605222.SH) said on an interactive platform that the company has many product models and specifications, and is widely used in various fields such as electricity, home improvement, construction engineering, new energy, communications, ships/ships, and intelligent equipment. Runze Technology is the company's customer, and the company has no products related to high-speed copper cable connections.
Express News | Great Wall Securities: Demand for offshore wind power is about to be released
Sailing Cable (605222): Thirty years of hard work, the wind “started” when it “sailed”
Core view: established first-line cable suppliers, increase submarine cables to open up room for growth. Established in 1994, the company is the largest power cable supplier in Shanghai, specializing in various types of power cables and their supporting equipment. The company was founded in 2020
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