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Wedge Industrial is focusing on the "Two Machines" Industry Chain and plans to invest 0.5 billion to establish an industry merger and acquisition Fund in collaboration with AVIC Asset Management | Quick Read Announcement.
① Wedge Industrial announced plans to invest 0.5 billion yuan to jointly establish a merger and acquisition Fund with Qingdao Honghua, primarily focusing on integrated investments in the aerospace industry; ② High-temperature Alloy is one of Wedge Industrial's main businesses, with aviation engines and gas turbines as its main downstream products. In the first half of last year, revenue from related Business was 0.095 billion yuan, a year-on-year decline of 12%; ③ Qingdao Honghua is affiliated with AVIC Asset Management Co., Ltd., which holds a 35% equity stake.
Shareholders Shouldn't Be Too Comfortable With Wedge IndustrialLtd's (SZSE:000534) Strong Earnings
Wanze Co., Ltd.: Report for the third quarter of 2024
Wedge Industrial (000534.SZ): The net income for the first three quarters was 0.139 billion yuan, a year-on-year increase of 13.36%.
Wedge Industrial (000534.SZ) announced its third quarter report for 2024 on October 30. The company achieved revenue of 0.777 billion yuan in the first three quarters, a year-on-year increase of 6.91%; net income attributable to the shareholders of the listed company was 0.139 billion yuan, a year-on-year increase of 13.36%; net income attributable to the shareholders of the listed company after deducting non-recurring gains and losses was 0.119 billion yuan, a year-on-year increase of 9.75%; and the basic earnings per share was 0.2806 yuan.
It is expected that relevant national authorities will establish a low-altitude economic regulatory bureau.
①The establishment decision has been approved, and the new bureau is currently in preparation; ② The low-altitude economy set up a dedicated bureau, which can better coordinate resources at all levels to promote industrial development.
Is Wedge IndustrialLtd (SZSE:000534) Using Too Much Debt?
Subdued Growth No Barrier To Wedge Industrial Co.,Ltd.'s (SZSE:000534) Price
