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EST Tools Co., Ltd's (SZSE:300488) 42% Share Price Surge Not Quite Adding Up
Est Tools Co., Ltd. (300488.SZ): The controlling Shareholder and actual controller have cumulatively transferred 0.905 million "Feng Gong Convertible Bonds".
On February 19, Gelonghui reported that Est Tools Co., Ltd. (300488.SZ) announced that it recently received a notification from its controlling Shareholder, Hengfeng Holdings, and the actual controllers, Mr. Chen Erong, Mr. Chen Ziyan, and Mr. Chen Ziyi. They were informed that the holders of the convertible corporate bonds could transfer a total of 905,230 "Fenggong Convertible Bonds" through centralized bidding on the Shenzhen Securities Exchange between January 22, 2025, and February 19, 2025, accounting for 14.60% of the total issuance of the convertible corporate bonds.
Est Tools Co., Ltd. (300488.SZ): Export Business revenue accounts for about 10% of total revenue.
On February 14, Glonghui reported that Est Tools Co., Ltd. (300488.SZ) recently stated during investor relations activities that its export Business revenue accounts for approximately 10% of total revenue. The company actively expands into overseas markets through participating in professional exhibitions and establishing wholly-owned subsidiaries in the USA and Austria. It has also proposed an international development Global Strategy, strengthening the development of international markets while deeply cultivating the China market, introducing and training international talent, and creating a well-known international brand of precision tools.
Est Tools Co., Ltd. (300488.SZ): The products account for 50% to 60% in the Auto Parts sector.
On February 14, Gelonghui reports that Est Tools Co., Ltd. (300488.SZ) recently stated in its investor relations activities that the company's products account for 50% to 60% in the Auto Parts sector (including New energy Fund Passenger Vehicles, RBOB Gasoline Passenger Vehicles, and Commercial Vehicles); precision Machinery areas like intelligent drive account for about 15%; the Aviation, power station equipment, and Wind Power Equipment sectors account for approximately 15%; while the Ship, Steel structures, and rail transportation fields account for around 10%.
Capital Allocation Trends At EST Tools (SZSE:300488) Aren't Ideal
Hengfeng Tools: 2024 Annual Performance Report
Earnings Not Telling The Story For EST Tools Co., Ltd (SZSE:300488) After Shares Rise 25%
