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JINGCHENG MAC: INTERIM REPORT 2024
Jingcheng Machinery Electric's H1 Loss Narrows as Revenue Jumps 20%
In July, the industry developed rapidly according to Northeast Securities. The weak recovery trend of the general sector continued, and equipment updates are expected to accelerate.
In July, the national industrial value-added of scale enterprises increased by 5.1%, a decrease of 0.2 percentage points compared to the previous period.
Jingcheng MAC's subsidiary, Beijing Tianhai, and Shanghai Shunhua have entered into a product purchase and sales framework agreement.
Jingcheng Mac (00187) announced that on August 16, 2024, Beijing Tianhai (a wholly-owned subsidiary of the company) and Shanghai Sunflower signed a product purchase and sales framework contract. Beijing Tianhai Group and Shanghai Sunflower Group will buy or sell hydrogen energy products from each other from the effective date of the product purchase and sales framework contract until December 31, 2024, and the recommended upper limit amount during this period is RMB 50 million yuan. As one of the earliest domestic companies engaged in the hydrogen equipment industry chain business, Shanghai Sunflower has strong independent and industrialization capabilities of key technologies in the hydrogen energy industry chain and has research and technology reserves.
Full text of Beijing Jingcheng Machinery Electric's 2024 interim report.
Beijing Jingcheng Machinery Electric Semi-annual Report in 2024
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