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Tuhu Auto Service appeared at the Shanghai Foreign Trade Expansion and Domestic Sales Connection Conference to discuss the plan for foreign trade enterprises to shift their exports to domestic sales.
On April 18, at the "Shanghai E-commerce Helps Foreign Trade Expand Domestic Sales Matchmaking Conference" hosted by the Shanghai Municipal Commission of Commerce, the leading brand in the automotive aftermarket, Tuhu Maintenance, connected with nearly 80 foreign trade enterprises present and introduced an innovative path to assist foreign trade companies in transitioning to domestic sales through its own brand Global Strategy. In addition, Tuhu Maintenance announced a series of supportive measures to provide new momentum for the market. Collaborating with quality local manufacturers to open new sales channels and create "new national goods", Tuhu Maintenance has currently formed deep cooperation with over 3,200 upstream partners, including high-quality local manufacturers like Double Coin, Double Star, and Petrochina. Through C2M reverse customization.
Orient: Consumer stimulus policies have been implemented, and the consumer sentiment among residents has significantly rebounded.
The trend of Consumer recovery is good, the momentum of online retail continues to be released, and the increase in Trade volume in the e-commerce Industry is strongly supported, maintaining a Bullish rating for the Industry.
Western Securities: TUHU-W's market leadership position continues to consolidate, with simultaneous increases in user scale and stickiness.
West Securities recently released a commentary Research Report on TUHU-W (9690.HK) for its 2024 performance, believing that TUHU Car Service, as the largest integrated online and offline car service provider in the country, achieved dual-wheel growth in performance and scale during the reporting period, further consolidating its leading position in the Industry, with simultaneous enhancement in user scale and engagement. The company maintains a 'Buy' rating and forecasts that the company's revenue for 2025-27 will be 16.2/17.9/19.7 billion yuan, and the Net income attributable to the parent will be 0.65/0.83/1.07 billion yuan. Steady growth, market leadership position further solidified. TUHU announced on March 20.
[Brokerage Focus] SWHY maintains a Buy rating for Tuhu (09690), stating that the company's main business continues to grow and its profitability is expected to gradually recover.
Jinwu Finance News | SWHY released a Research Report indicating that Tuhu (09690)'s 2024 annual report shows: during the period, the company's revenue was 14.76 billion yuan, +8.5% year-on-year; adjusted Net income was 0.62 billion yuan, +29.7% year-on-year; gross margin was 25.4%, +0.7pct year-on-year. Among them, 24H2 achieved revenue of 7.63 billion yuan, +7.8% year-on-year; adjusted Net income was 0.27 billion yuan, -0.5% year-on-year. Overall performance met expectations. The bank stated that the main business maintains growth, and profitability is expected to gradually recover. In 2024, Tuhu is expected to achieve revenue of 14.759 billion yuan, +8.5% year-on-year.
Tuhu Car Maintenance (09690): Technology empowerment drives high-quality growth in performance, with "the first brand after-market" evolving again.
Technology empowerment drives a 30% increase in adjusted net profit, and Tuhu Car Maintenance leads the transformation of the Autos after-market.
[Brokerage Focus] Huaxi maintains TUHU-W (09690) 'Buy' rating, with the company's profit expected to grow by 30% in 2024 and an acceleration in channel expansion.
Jinwu Financial News | Huaxi released a research report stating that Tuhu's performance in 2024 is expected to show growth in both revenue and profit, with total revenue of 14.759 billion yuan, an increase of 8.5% year-on-year; the adjusted net income reached 0.624 billion yuan, a significant increase of 29.7% year-on-year. Although the growth rate slightly slowed in the second half of the year, the company has consolidated its leading position in the industry through improvements in gross margin, channel deepening, and service category expansion. From the perspective of core operating indicators, Tuhu's gross margin improved by 0.7 percentage points to 25.4% for the year, mainly due to the increase in the proportion of its own brands and supply chain optimization. In terms of channels, the total number of factory stores reached 6,874.
