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 positive outlook for the US market, with an unchanged full-year boom lifts sales target of 2k units ...