Zhengzhou Coal Mining Machinery Group (00564) rose over 4%, as of the time of writing, up 4.22% to HK$10.38, with a turnover of 31.864 million Hong Kong dollars.
According to the CITIC Financial App, Zhengzhou Coal Mining Machinery Group (00564) rose over 4%, up 4.22% to HK$10.38, with a turnover of 31.864 million Hong Kong dollars.
On the news front, Zhengzhou Coal Mining Machinery Group released its third-quarter report for 2024, achieving revenue of 27.839 billion yuan (RMB, the same below), an increase of 2.2% year-on-year; net income attributable to shareholders was 3.059 billion yuan, an increase of 23.97% year-on-year. In the third quarter, the company's revenue was 8.9 billion yuan, a decrease of 1.5% year-on-year; net income attributable to shareholders was 0.9 billion yuan, an increase of 14.1% year-on-year.
Southwest Securities stated that the company has good cost control and continuous improvement in profitability. In the first three quarters, the company's coal machinery sector achieved revenue of 14.53 billion yuan, an increase of 2.5% year-on-year, and net income of 3.14 billion yuan, an increase of 25.9% year-on-year. The overall revenue of the coal machinery sector has remained steadily increasing, with profit growth mainly benefiting from the optimization of product structure, increase in the proportion of high-margin products, and reduction in material costs. In addition, the transformation of auto parts continues to make significant improvements in profitability. In the first three quarters, the company's auto parts sector achieved revenue of 13.32 billion yuan, an increase of 1.8% year-on-year, with Asia New Science achieving revenue of 3.86 billion yuan, a growth of 21.4% year-on-year.