605555 Ningbo Dechang Electrical Machinery Made
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Ningbo Dechang Electrical Machinery Made News
Dechang Group (605555): Dual-wheel drive of small appliances + automobile parts, benefiting from overseas expansion and domestic substitution.
The core point is that the vacuum cleaner and small appliances OEM leader, EPS electric machine construction to create new growth poles. The company is one of China's top ten vacuum cleaner export enterprises, a green factory in Zhejiang Province, and a hidden champion cultivated enterprise in Zhejiang Province. With the technical advantage in the field of electric machines, the company deeply
Dechang Holdings (605555): Deepening customer cooperation, high growth in household appliances and auto parts business.
Dechang Corporation released its 2024 semi-annual report. During the reporting period, the company achieved revenue of 1.9 billion yuan, a year-on-year increase of 38%; achieved a net income attributable to the parent company of 0.21 billion yuan, a year-on-year increase of 21%. Among them, the company achieved revenue of 1 billion yuan in Q2 single quarter.
Dechang Co., Ltd. (605555): Multi-category development continues to advance, and EPS electric machine enters a high-speed growth period.
Event: On August 28, 2024, Dechang Inc. released the 2024 interim report, achieving revenue of 1.862 billion yuan in the first half of 2024, a year-on-year growth of 38.77%, and net income attributable to the parent company of 0.207 billion yuan.
Dechang Group (605555): High revenue growth in Q2 2024, continued volume growth of SHARKNINJA and automotive parts orders.
In 2024Q2, revenue continued to grow at a high rate, with continued growth expected from the binding of high-quality key customers, and a "buy" rating maintained. In 2024H1, revenue reached 1.862 billion yuan (+38.77% year-on-year, the same below) and net income attributable to shareholders was 2.07 billion yuan.
Dechang Co., Ltd. (605555): New project mass production drives revenue growth, and the operational performance is stable.
2Q24 revenue met our expectations, slightly lower than our expectations. The company announced 1H24 performance: 1H24 revenue of 1.862 billion yuan, +38.77% year-on-year; net income attributable to shareholders of 0.207 billion yuan, +20% year-on-year.
Ningbo Dechang Electric Co., Ltd. 2024 Semi-Annual Report
Summary of the 2024 semi-annual report of Ningbo Dechang Electric Co., Ltd.
Express News | Dechang Co., Ltd.: The net income for the first half of 2024 increased by 20.78% to 0.207 billion yuan
Dechang Co., Ltd. (605555.SH): The net income in the first half of the year was 0.207 billion yuan, a year-on-year increase of 20.78%.
On August 28, Gelonghui announced its interim report for the first half of 2024. During the reporting period, it achieved revenue of 1.862 billion yuan, a YoY increase of 38.77%. The net income attributable to shareholders of the listed company was 0.207 billion yuan, a YoY increase of 20.78%. The net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 0.195 billion yuan, a YoY increase of 17.43%. The basic earnings per share was 0.56 yuan.
Dechang Co., Ltd. (605555) 2024 Interim Report Review: The household appliance business is flourishing, and the EPS of electric machines is growing rapidly.
On August 28, 2024, Dechang Corporation released its semi-annual report for 2024. In the first half of 2024, the company achieved revenue of 1.862 billion yuan (+38.77% YoY) and net income attributable to shareholders of 0.207 billion yuan.
Dechang Co., Ltd. (605555): Layout of multi-dimensional business of household appliances and auto parts with sufficient long-term growth potential.
Specializing in the production of electric motors and complete machines for cleaning appliances, with extension to small appliances and electric power steering (EPS) motors for autos. Vacuum cleaner assembly OEM is the company's core business, and the company has reached a strategic cooperation with TTI, a leading enterprise in the vacuum cleaner industry, since 2007.
Dechang Stock (605555.SH): The current self-driving project is in the research and development verification stage and has not yet been mass-produced.
Dechang Co., Ltd. (605555.SH) stated on the investor interaction platform on August 15th that the EPS steering system and automatic braking system are necessary for L3/L4 autonomous driving. The EPS wire-controlled redundant electric machine developed by the company is a supporting product for EPS steering system, and the OneBox brushless DC electric machine is a supporting product for automatic braking system. They can be applied to self-driving cars. At present, the autonomous driving project is in the research and development verification stage and has not yet been mass-produced. Investors should pay attention to investment risks.
Dechang Stock (605555): Research Report on Abundant Growth Momentum in Securities.
Event: Dechang Stock released its performance report. In 1H 2024, the company achieved a total operating income of 1.86 billion yuan, an increase of +38.8% year-on-year; achieved a net income attributable to the parent company of 0.21 billion yuan, a year-on-year increase of 20.4%; achieved a non-recurring net income attributable to the parent company of 1.
Dechang Shares (605555): Continuous high growth in Q2 24 revenue, improved profitability after excluding exchange gains and losses.
Key point: The company disclosed its 2024 interim results report. In the first half of 2024, the revenue was 1.86 billion yuan (+38.8% YoY), while the net income attributable to the owners of the parent company was 0.21 billion yuan (+20.4% YoY), excluding ...
Ningbo Dechang Electric Machine Co., Ltd. 2024 Interim Performance Bulletin Announcement
Express News | Dechang Corporation's interim report shows a 20.37% year-on-year increase in net income for the first half of the year.
Dechang Electrical Machinery's Unit Obtains 808 Million Yuan Order for EPS Motors
Express News | Dechang shares: received a fixed-point notification for the 0.808 billion yuan EPS electric machine project.
Dechang Stock (605555.SH): received the project notice for the designated EPS electric machine client, with an amount of approximately 0.808 billion yuan.
On July 10th, Gelunhui reported that Dechang Stock (605555.SH) announced that on July 10th, 2024, it received a project appointment letter from a domestic customer (whose name cannot be disclosed due to confidentiality agreements) regarding the EPS electric machine. According to the customer's plan, the lifecycle of the designated project is 10 years, with a total sales amount of approximately 0.808 billion yuan, and it is expected to start production gradually in June 2026.
Kaiyuan Securities: bullish on OBM targets such as Beijing Roborock Technology (688169.SH) and Jiuhao (689009.SH) that are not affected by sanctions when expanding overseas.
Open source securities released research reports, stating that domestic demand still needs to be restored, while going abroad is facing geopolitical risks. The bank recommended going abroad with self-owned brand symbols that are not affected by sanctions.
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