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Shanghai Liangxin ElectricalLTD's (SZSE:002706) Earnings Have Declined Over Three Years, Contributing to Shareholders 59% Loss
shanghai liangxin electrical (002706.SZ): The wholly-owned subsidiary received government subsidies of 8.4398 million yuan
Gelonghui, December 4th丨Shanghai Liangxin Electrical (002706.SZ) announced that according to the "Supplementary Agreement for the Liangxin Electrical Project" signed between the Zhejiang Haiyan Economic Development Zone Management Committee and Shanghai Liangxin Electrical Co., Ltd. in 2018, the Zhejiang Haiyan Economic Development Zone Management Committee agreed to encourage the company to invest in new equipment and provide a 6% interest subsidy on the investment amount for the new company's production equipment, with a limit of 20 million yuan. The company's "Asia Vets Low Voltage Electrical R&D and Manufacturing Base Project" complies with the relevant policies stipulated in the agreement with the Zhejiang Haiyan Economic Development Zone Management Committee and recently received a notification from the Zhejiang Haiyan Economic Development Zone Management Committee.
Shanghai liangxin electrical (002706.SZ): has actually repurchased 2.66% of the company's shares.
On November 26, Geelonghui reported that Shanghai Liangxin Electrical (002706.SZ) announced that on November 25, 2024, the company completed the repurchase. The company has actually repurchased 29,886,500 shares, accounting for 2.66% of the total share capital of the company. The highest repurchase price was 8.20 yuan/share, the lowest repurchase price was 5.70 yuan/share, the average repurchase price was 6.69 yuan/share, and the total amount paid was RMB 200,031,570.3 (excluding transaction costs).
Shanghai Liangxin Electrical (002706.SZ): Completed the share repurchase, with a total expenditure of 0.2 billion yuan to buy back 29.8865 million shares.
On November 26th, Gelonghui reported that shanghai liangxin electrical (002706.SZ) announced the completion of the current share repurchase on November 25, 2024. A total of 29.8865 million shares were repurchased, accounting for 2.66% of the company's current total share capital. The maximum repurchase price was 8.20 yuan/share, the minimum repurchase price was 5.70 yuan/share, and the average repurchase price was 6.69 yuan/share, with a total amount paid of approximately 0.2 billion yuan (excluding transaction fees).
shanghai liangxin electrical (002706.SZ): The current low-voltage electrical appliances import substitution has gradually entered the deep-water area
Shanghai Liangxin Electrical (002706.SZ) stated at an investor relations event on November 19 that the current import substitution of low-voltage electrical appliances has gradually entered deep waters, transitioning from pure components substitution in the past to holistic solution substitution. With the increase in customer awareness of domestic brands and guidance from localization policies, domestic brands have certain advantages. The company's current launch of Asia Vets distribution business is further meeting customer needs from a holistic solution perspective. Having long served new energy and electrical grid customers, the company has a deep understanding of electrical system application scenarios and customer pain points, leading to more targeted releases.
Shanghai Liangxin Electrical Co.,LTD.'s (SZSE:002706) Stock Is Going Strong: Have Financials A Role To Play?
Declining Stock and Solid Fundamentals: Is The Market Wrong About Shanghai Liangxin Electrical Co.,LTD. (SZSE:002706)?
