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Changhong Meiling to Set Up 500 Million Yuan JV For New Washing Machine Factory
Changhong Meiling (000521.SZ): plans to establish a subsidiary and participate in the bidding for land use rights.
Gelonghui, March 17丨Changhong Meiling (000521.SZ) announced that, according to the company's operational development needs, to meet the strategic development requirements of the washing machine industry, the company and its subsidiary Mianyang Meiling Refrigeration Co., Ltd. (hereinafter referred to as 'Mianyang Meiling') will invest a total of 0.5 billion yuan in self-owned funds to establish a subsidiary Smart Home Appliance Company, of which the company will contribute 0.495 billion yuan, holding 99% of the equity, and Mianyang Meiling will contribute 0.005 billion yuan, holding 1% of the equity; and Smart Home Appliance Company will participate in the bidding for an industrial land located in the Fuxin Community of Songya Town, Mianyang Economic and Technological Development Zone, Sichuan Province.
Changhong Meiling to Liquidate Fund
Changhong Meiling (000521.SZ): The company's products are currently not sold on the WeChat platform.
On January 15th, Gelonghui reported that Changhong Meiling (000521.SZ) stated on the investor interaction platform that the company insists on being user-centered, deeply insights into user needs, focuses on user pain points, continuously iterates and upgrades products, optimizes product structure, solves user pain points, creates user value, and promotes the transformation and upgrading of the company's products towards intelligence and high-end. At the same time, the company closely monitors industry dynamics and development trends, actively seeking growth opportunities. The company's products are not yet sold on the WeChat platform.
Changhong Meiling (SZSE:000521) Is Looking To Continue Growing Its Returns On Capital
Southwest Securities: Policies support the growth of domestic appliance sales, with a focus on Emerging Markets for exports.
Looking ahead to 2025, the home appliance Industry will be a year to refocus on domestic demand investment opportunities, benefiting high-value individual products, and the market may return to the Consumption Upgrade track, leading to healthier competition; at the same time, it will also be a year full of adjustments and uncertainties for exports.
Changhong Meiling Co., Ltd. (SZSE:000521) Surges 39% Yet Its Low P/E Is No Reason For Excitement
