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Wuxi Zhenhua (605319): Annual performance exceeded expectations, Bullish on the dual driving force of traditional stamping + electroplating Business.
The company's performance forecast for 2024 has been disclosed: it is expected that the net income attributable to the parent company in 2024 will increase by 37.07%-50.05% year-on-year to 0.38-0.416 billion yuan (vs. our original prediction of annual net income of 3.
Wuxi Zhenhua: Announcement on the 2024 pre-increase in performance
Announcement on the advance increase in 2024 results
Wuxi Zhenhua (605319): Annual profits exceeded expectations due to scale effects and contributions from raw materials.
Introduction to this report: The company has released its performance forecast for 2024, with annual profits exceeding expectations, primarily due to enhanced scale effects and a decrease in raw material prices. As new projects continue to be pinpointed, the company's future performance is expected to strengthen continuously. Investment highlights: Upgrade target.
Express News | Wuxi Zhenhua: It is expected that the net income in 2024 will increase by 37.07% to 50.05% year-on-year.
Wuxi Zhenhua (605319.SH): The wholly-owned subsidiary in Wuhan has obtained the "Project Filing Certificate."
On January 7, Gelonghui reported that Wuxi Zhenhua (605319.SH) announced that its wholly-owned subsidiary, Wuhan Zhenhua Hengshengxiang Auto Parts Co., Ltd. (referred to as "Wuhan Hengshengxiang"), has obtained the "Project Filing Certificate" issued by the Development and Reform Bureau of Wuhan Economic and Technological Development Zone (Hannan District) (registered filing project code: 2501-420113-04-01-809534). This external investment is a cautious decision made by the company based on long-term development. The funding source for Wuhan Hengshengxiang's proposed investment in the New energy Fund auto parts project will be self-owned or raised funds, which will not adversely affect the company's finances and operations.
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