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Guangdong Shenglu Telecommunication Tech (SZSE:002446) Is Finding It Tricky To Allocate Its Capital
Guangdong Shenglu Telecommunication Tech (002446.SZ): Some fundraising investment projects are planned to be postponed.
On December 11, Gelonghui reported that Guangdong Shenglu Telecommunication Tech (002446.SZ) held the thirteenth meeting of the sixth Board of Directors and the tenth meeting of the sixth Supervisory Board on December 11, 2024. They reviewed and approved the proposal regarding the delay of certain fundraising investment projects, agreeing that the company may adjust the expected completion dates for the fundraising investment projects 'Nanjing Hengdian Microwave Signal Simulation Technology Center and Environmental Testing Center Construction Project' and 'Shenghengda Innovation Industry Park Phase I', provided that no other changes occur in the contents of the fundraising investment projects.
Guangdong Shenglu Telecommunication Tech (002446.SZ): 0.101 billion yuan successfully acquired the state-owned construction land use rights for the TD2024(SS)WP0053 plot.
On December 10th, Gelonghui reported that Guangdong Shenglu Telecommunication Tech (002446.SZ) announced its participation in the online transfer activity for state-owned construction land use rights organized by the Foshan Public Resource Trading Center Sanshui Branch. The company successfully acquired the land use rights for the plot numbered TD2024(SS)WP0053 and has signed the "Foshan Public Resource Trading Transaction Confirmation" according to relevant regulations. This acquisition of land use rights does not constitute a related transaction and does not fall under the significant asset restructuring stipulated by the "Measures for the Administration of Major Asset Restructuring of Listed Companies." The fill price is 101.43 million yuan.
Tianfeng: New AI momentum drives industry growth acceleration, bullish on the communication industry to continue high prosperity and accelerate growth each quarter.
In terms of net income, the overall net income of communications equipment in Q3 2024 increased by 18% year-on-year, a significant reversal compared to the -16% in Q3 2023, reflecting a rapid recovery in industry profitability amid the transition between old and new driving forces.
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