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Declining Stock and Decent Financials: Is The Market Wrong About Bichamp Cutting Technology (Hunan) Co., Ltd. (SZSE:002843)?
Bichamp Cutting Technology (Hunan) Investing 10 Million Yuan to Establish Subsidiary
Bichamp Cutting Technology (002843.SZ): Intends to invest 10 million yuan to establish a wholly-owned subsidiary to improve the industrial layout of the power sector.
Gelonghui September 12 | Bichamp Cutting Technology (002843.SZ) announced that the company held the ninth meeting of the sixth board of directors on September 12, 2024, and reviewed and approved the Proposal on Investing in the Establishment of Wholly-owned Subsidiaries. Based on the global strategy and the needs of future operations and development, in order to improve the layout of the company's electrical utilities sector, the company agreed to establish a wholly-owned subsidiary (the specific name is subject to the approval and registration of the industrial and commercial administrative department) with its own funds, for the research and development, production, and sales of component-level power electronic products, with a registered capital of RMB 10 million. At the same time, the company's management is authorized to handle the establishment of the wholly-owned subsidiary.
Taijia shares: 2024 semi-annual report summary
Taijia shares: 2024 semi-annual report
Bichamp Cutting Technology (002843.SZ) released its first half-year performance, with a net income of 54.4245 million yuan, a decrease of 10.79% year-on-year.
Bichamp Cutting Technology (002843.SZ) released its semi-annual report for 2024, and the company achieved revenue of 8...
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