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Titan Wind Energy Scraps Plans to Issue GDRs
Titan Wind Energy (002531.SZ): A wholly-owned subsidiary increases capital and introduces new investors.
Gelonghui December 12丨Titan Wind Energy (002531.SZ) announced that its wholly-owned subsidiary, Peking Development, plans to introduce low-carbon Fund, Hongfeng Fund, and Xintianeng Investment through capital increase and expansion of shares, with a total increase amount of 0.999999992 billion yuan. After the capital increase, the registered capital of Peking Development will rise to 1.7246376806 billion yuan, and Shanghai Zero Carbon will remain the controlling Shareholder. The listed company's controlling Shareholder Shanghai Tianshen has an obligation to make up for the shortfall when investors exit, which constitutes a related guarantee. This Trade does not require submission to the Shareholders' meeting for approval. The funds from the capital increase will be used for the repayment of loans and project construction, among other purposes.
Titan Wind Energy (Suzhou)Ltd (SZSE:002531) Has A Somewhat Strained Balance Sheet
Soochow Securities: Downstream deliveries in 24Q3 gradually increased, with a month-on-month improvement in wind turbine gross margin.
It is expected that the installed capacity of Haifeng will be 7-8GW in 2024, and 13-15GW in 2025, with an increase of 25% and 100% respectively.
With A 3.9% Return On Equity, Is Titan Wind Energy (Suzhou) Co.,Ltd (SZSE:002531) A Quality Stock?
Tianshun Wind Energy: Report for the third quarter of 2024