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Zhejiang Wanma (002276.SZ): Currently, the output rate of high-voltage is about 60% or more.
On July 18, 2024, Zhejiang Wanma (002276.SZ) accepted inquiries from specific parties about the annual output of Wanma's high-polymer ultra-high-pressure insulation materials, current output rate, and other companies producing super high-pressure insulation materials. The company responded that the annual output of the first phase of Wanma's high-polymer ultra-high-pressure insulation material project is 0.02 million tons, the second phase's annual output is 0.02 million tons, and the current high-pressure output rate is approximately 60% or higher, and it will gradually increase in the future. The planned annual output of the third phase project is 0.02 million tons. Major competitors producing super high-pressure insulation materials include well-known foreign companies such as the USA's Dow and North.
Zhejiang Wanma (002276.SZ): Many listed companies and large-scale enterprises in the wire and cable industry are the company's customers.
On July 18, 2024, Zhejiang Wanma (002276.SZ) received a specific inquiry about the proportion of products produced by Wanma Polymer used in its own system and the main customers. The company replied that in 2023, the proportion of Wanma Polymer's products used in the company's system was less than 10%, and the rest were sold externally. Many listed companies and large-scale enterprises in the wire and cable industry are customers of the company.
Zhejiang Wanma (002276.SZ): The controlling shareholder will be changed to Haihong Investment Control.
On July 12, Gelunhui reported that Zhejiang Wanma (002276.SZ) announced that it has recently received the State-owned Property Transfer Agreement sent by its controlling shareholder, Qingdao West Coast New Area Ocean Holding Group Co., Ltd. (referred to as 'Ocean Holding Group'). Ocean Holding Group plans to transfer its 258,975,823 unrestricted circulating shares of the company (25.01% of the total share capital) held in the form of an agreement to its wholly-owned subsidiary, Qingdao Ocean Investment Holding Co., Ltd. (referred to as 'Ocean Investment Control'). After the completion of this share transfer, the company's controlling shareholder will be changed to Ocean Investment Control, the actual controller.
Zhejiang Wanma (002276.SZ): terminates the issuance of stocks to specific parties and withdraws the application documents.
On July 10th, Gelunhui reported that Zhejiang Wanma (002276.SZ) announced that its sixth board of directors' 26th meeting and its 16th supervisory board meeting would be held on July 10, 2024. The proposal to terminate the issuance of stocks to specific shareholders for the 2023 fiscal year and withdraw the application documents was adopted. The company agreed to terminate the issuance of stocks to specific shareholders for the 2023 fiscal year (referred to as "this issue of stocks to specific shareholders") and applied to Shenzhen Stock Exchange to withdraw the relevant application documents. Since the company disclosed this issue of stocks to specific shareholders, the company's board of directors and management.
Zhejiang Wanma (002276.SZ): the company's wire and cable products meet existing certification standards.
On July 10th, GeLongHui reported that Zhejiang Wanma (002276.SZ) stated on its investor interaction platform that the company's wire and cable products comply with existing certification standards. A special meeting has been held to interpret this announcement and the company will strictly follow the new regulations of the State Administration for Market Regulation to promote and implement relevant certification work as soon as possible.
Zhejiang Wanma (002276.SZ): The company and its holding subsidiaries plan to conduct forward forex trades with a cumulative total amount not exceeding 200 million US dollars.
On 3 July, Gelun Hui reported that Zhejiang Wanma (002276.SZ) held its 25th meeting of the sixth board of directors and its 15th meeting of the sixth supervisory board on 3 July 2024, approving the proposal to conduct forward foreign exchange trading in 2024. As the company's business and global strategic layout continue to expand, in order to avoid the impact of exchange rate fluctuations on the company's operating profits, the company and its subsidiaries agree to cumulatively carry out foreign exchange hedging transactions within 12 months, not exceeding a total of USD 200 million. Import and export trade is one of the company's main businesses, and import and export revenue.
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