浙江鼎力：Boom lifts & US market remain the key drivers

28 Aug 2024 Earnings Summary CMB International Global Markets | Equity Research | Company Update Zhejiang Dingli (603338 CH) Boom lifts & US market remain the key drivers Zhejiang Dingli's (Dingli) EBIT in 2Q24 grew 72% YoY to RMB612mn, driven by revenue growth of 34% YoY and gross margin expansion of 2.6ppt YoY. Reported net profit grew only 2% YoY to RMB522mn, but largely a result of the reduction of net finance income due to the lack of FX gains. During the post results call, management reiterated the po ...