01608 VPOWER GROUP
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VPOWER GROUP News
CICC: Global grid investment has resilience, reiterating long-term opportunities for going global.
China International Capital Corporation has released research reports indicating that global grid investments have resilience, and going overseas remains an important driving force for high-quality enterprises to achieve growth, reaffirming the recommendation for power equipment going overseas.
VPower Group International's H1 Attributable Loss Narrows
VPower Group Announces Board Composition Update
Vpower Group (01608.HK): Gao Zhan will be appointed as an executive director and chairman of the board of directors.
On August 15, Geelong News reported that vpower group (01608.HK) announced the following changes, effective August 16, 2024: 1. Kang Hubiao will resign as executive director of the company and no longer serve as chairman of the board of directors and chairman of the nomination committee; 2. Gao Zhan will be appointed as executive director of the company, chairman of the board of directors and chairman of the nomination committee.
Express News | VPower Group International - Gao Zhan Will Be Appointed as Executive Director, Chairman
Express News | VPower Group International - Kang Hubiao Will Resign as an Executive Director and Cease to Be Chairman
vpower group's (01608.HK) interim earnings decreased by 18.2% to HKD 0.817 billion.
Vpower Group (01608.HK) announced on August 15 that its revenue for the six-month interim period ended June 30, 2024 decreased 18.2% to HKD 0.817 billion. Among them, the revenue of the SI business was HKD 0.345 billion, a decrease of 41.5%, and the revenue of the IBO business was HKD 0.471 billion, an increase of 15.6%. Gross profit increased by 3.1% to HKD 0.14 billion, and gross margin was 17.2%. The attributable loss of the company's owner decreased by 57.7% to HKD 0.139 billion, mainly due to the reduction in administrative and other expenses and no joint ventures in Myanmar during the reporting period.
Express News | VPower Group International Holdings H1 Net Income HKD -138.3 Million
Express News | VPower Group International Holdings H1 Gross Profit HKD 140.6 Million
VPOWER GROUP: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
VPower Group Sets Date for Financial Review
Vpower Group (01608.HK) will hold a board of directors meeting on August 15 to approve its interim results.
VPower Group (01608.HK) announced on August 5th that the board of directors will hold a meeting on Thursday, August 15th, 2024 to consider and approve the unaudited interim results and their announcement for the six months ending June 30, 2024, which includes the consideration of distributing interim dividends (if any), for the company and its subsidiaries.
VPOWER GROUP: DATE OF BOARD MEETING
GTJA Utilities Q2 Performance Forecast: Thermal Power Profit Differentiation, Hydropower Trending Upward.
Under the equity mapping properties of power reform catalysis and long-term interest rate bonds, industry valuation is expected to improve, and a "shareholding" rating is maintained.
Huaxi Securities: Rigid demand emerges, global electrical utilities system welcomes development opportunities.
From an overseas perspective, the global new energy installed capacity is growing rapidly, driven by the upgrading of power grids, increased infrastructure support, large-scale expansion of manufacturing industry, datacenter construction, and cross-border interconnection of power grids. The investment in power grids has entered a prosperous cycle, and the overseas power equipment market has considerable potential.
Vpower Group (01608.HK): Deloitte Touche Tohmatsu Limited's Guan Huang and Chen Fang have been appointed as auditors.
On June 18th, GeLongHui reported that VPower Group (01608.HK) proposed to replace the company's auditor. Deloitte Touche Tohmatsu Certified Public Accountants LLP has been appointed as the new auditor and will take effect upon the conclusion of the shareholders' annual meeting.
Electrical utilities sector charged successfully?
Extreme weather is affecting electrical utilities supply. Since the start of summer, most southern regions have experienced continuous rainfall, with some areas facing flood situations. Meanwhile, northern regions have been experiencing sustained high temperatures leading to severe drought in some areas. This polarization of south flooding and north drought has resulted in a rapid growth of electricity demand in the north, potentially extending the bullish trend in the electrical utilities sector.
VPower Group to Sell Off Power Generation Assets
Vpower Group International Proposes Change in Auditor
Vaillant Group plans to appoint Deloitte as new auditor
Vaillant Group (01608) issued an announcement. Considering that Ernst & Young (EY) has been the company's auditor for more than seven consecutive years, the company's board of directors is examining whether it is necessary to change the auditor and the audit costs involved. On the recommendation of the Company's Audit Committee, the board of directors resolved to nominate Deloitte Guan Huang Chen Fang (Deloitte) as the company's new auditor. The term of office will take effect from EY's retirement at the end of the annual general meeting of shareholders expected to be held on June 18, 2024, but only until the company's shareholders have approved the appointment of Deloitte at the annual shareholders' meeting.
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