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Qinchuan Machine Tool to Build Cutting Tools Factory for 51 Million Yuan
Private Companies in Qinchuan Machine Tool & Tool Group Share Co., Ltd. (SZSE:000837) Are Its Biggest Bettors, and Their Bets Paid off as Stock Gained 6.2% Last Week
Qinchuan Machine Tool & Tool Group Share (000837.SZ): Hanjiang Tools plans to invest in the technological transformation and industrialization project of high-precision, micro, and complex cutting tools.
Gelonghui December 2nd | qinchuan machine tool & tool group share (000837.SZ) announced that in order to comprehensively enhance the brand influence of 'Hangong', increase the market share of high-precision micro-complex cutting tools, vigorously promote enterprise transformation and upgrading, and high-quality development, qinchuan machine tool & tool group share wholly-owned subsidiary Hanjiang Tool Co., Ltd. (hereinafter referred to as 'Hanjiang Tool') plans to implement the 'High-precision Micro-complex Cutting Tool Technology Transformation and Industrialization Project', with a total investment of 51.3 million yuan and a project construction period of 2 years. The main purpose of this project is to solve the core processing bottleneck of Hanjiang Tool's high-precision micro-complex cutting tool products, expand the production capacity of related products, and promote the production.
Shanxi: In the first half of the year, the new orders for machinery equipment showed marginal improvement, and the overall industry is expected to recover positively in Q4.
Looking forward to Q4, under the favorable policies and downstream transformation trends, initiatives such as going global, high-end transformation, and expansion into new sectors have become new drivers of development. The demand for machine tools and equipment is expected to continue to be released, coupled with the marginal improvement of new orders in the first half of the year, the whole industry can anticipate a positive recovery.
qinchuan machine tool & tool group share (000837.SZ): cumulative repurchased 0.2436% of shares
Gelonghui November 1st | qinchuan machine tool & tool group share (000837.SZ) announced that as of October 31, 2024, the company repurchased a total of 2,460,202 shares through a share repurchase special securities account by centralized bidding, accounting for 0.2436% of the company's current total share capital, with a highest fill price of 9.00 yuan/share, a lowest fill price of 7.23 yuan/share, and a total fill amount of 21,105,858.12 yuan (excluding transaction fees).
Qinchuan Machine Tool: Report for the third quarter of 2024
Qinchuan Machine Tool & Tool Group Share Co., Ltd.'s (SZSE:000837) Popularity With Investors Under Threat As Stock Sinks 32%
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