Jefferies Adjusts Jiangsu Hengli Hydraulic's Price Target to 92 Yuan From 89 Yuan, Keeps at Hold
Jiangsu Hengli Hydraulic (SHA:601100) has an average rating of buy and mean price target of 122.89 yuan, according to analysts polled by FactSet.
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Jiangsu Hengli Hydraulic (SHA:601100) has an average rating of buy and mean price target of 122.89 yuan, according to analysts polled by FactSet.
Jiangsu Hengli Hydraulic's (SHA:601100) attributable profit inched up 0.5% to 1.44 billion yuan from 1.43 billion yuan a year earlier, according to a Tuesday filing on the Shanghai bourse.Earnings per share were unchanged year over year at 1.07 yuan.Operating revenue jumped 32% to 6.83 billion yuan from 5.17 billion yuan.The Chinese hydraulic cylinder manufacturer recommended a cash dividend of 3 yuan for every 10 shares.
Jiangsu Hengli Hydraulic (SHA:601100) plans to raise the budget for related-party transactions by 145 million yuan, bringing the total for the year to 425 million yuan, according to a Tuesday filing with the Shanghai Stock Exchange.The hydraulic components maker will increase its cap for sales to Hengli Pneumatics and Nanjing Henli by 10 million yuan and 30 million yuan, respectively, while it will raise its budget for purchases from the same entities by 50 million yuan and 55 million yuan, respectively.Company shares slipped 1% during morning trading on Tuesday.
Jiangsu Hengli Hydraulic (SHA:601100) will invest up to 3 billion yuan of idle funds to invest in low-risk, highly liquid short-term wealth management products.The move aims to improve fund utilization efficiency and generate additional returns without impacting normal operations, according to a Tuesday filing with the Shanghai bourse.Shares of the hydraulic cylinder manufacturer declined 1% in recent trade.
Jiangsu Hengli Hydraulic's (SHA:601100) net profit attributable to shareholders in the first quarter rose 5.6% to 652.2 million yuan from 617.7 million yuan a year earlier, according to a Shanghai bourse filing on Tuesday.Shares of the company rose nearly 6% in morning trade Tuesday.Earnings per share climbed 6.5% year on year to 0.49 yuan from 0.46 yuan.Operating revenue jumped 33% to 3.21 billion yuan from 2.42 billion yuan in the previous year.
Jiangsu Hengli Hydraulic (SHA:601100) has an average rating of overweight and mean price target of 117.96 yuan, according to analysts polled by FactSet.
Jiangsu Hengli Hydraulic's (SHA:601100) net profit attributable to shareholders in 2025 rose 9% year on year to 2.73 billion yuan, or 2.04 yuan per share, according to a Tuesday disclosure on the Shanghai bourse.The attributable profit a year earlier was 2.51 billion yuan, or 1.87 yuan per share.Operating revenue jumped 17% to 10.9 billion yuan from 9.39 billion yuan in the previous year.The Chinese hydraulic cylinder manufacturer's shares fell nearly 4% during the morning trade.
Jiangsu Hengli Hydraulic (SHA:601100) said de facto controller and Chair Wang Liping has resumed normal performance of his duties as legal representative and chair.Company production and operations remain normal, according to a Tuesday filing with the Shanghai bourse.In March, Wang was detained by the Jiangsu Provincial Supervisory Commission following the issuance of a case filing and detention notice.Shares of the hydraulic systems manufacturer were up 5% in recent trade.