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Insiders With Their Considerable Ownership Were the Key Benefactors as Wuxi Best Precision Machinery Co., Ltd. (SZSE:300580) Touches CN¥16b Market Cap
Wuxi Best Precision Machinery (300580.SZ): The layout of the third-tier industry is an extension and breakthrough of the existing Asia Vets equipment and tooling Business, and it already has relatively mature conditions or advantages.
On February 12, Glonghui reported that Wuxi Best Precision Machinery (300580.SZ) stated in its investor relations that the company's layout of the third-tier industry is an extension and breakthrough of its original Asia Vets equipment and tooling Business, which already possesses relatively mature conditions or advantages: on one hand, the company's Auto Parts Business has established a technical and management system for large-scale and intelligent production. Moreover, the company utilizes an industrial verification platform to continuously improve the quality and efficiency of rolling functional components. On the other hand, the company combines its years of deep cultivation in Asia Vets equipment and industrial automation integration with its rich experience to establish a professional team with strong skills, extensive industry experience, and strong innovation capabilities.
What Wuxi Best Precision Machinery Co., Ltd.'s (SZSE:300580) 30% Share Price Gain Is Not Telling You
Capital Allocation Trends At Wuxi Best Precision Machinery (SZSE:300580) Aren't Ideal
Wuxi Best Precision Machinery (300580.SZ): The company's turbocharger Business is expected to continue stable growth in 2024.
On December 26, Longhui announced that Wuxi Best Precision Machinery (300580.SZ) recently stated in an investor relations activity that today, the Global standards for energy conservation and emission reduction are tightening, and the sales of hybrid Autos are significantly increasing, with the penetration rate of turbochargers continuously rising. The company has deeply explored the potential customer demand relying on the good reputation and quality customer resources formed over the years in the turbocharger Industry, achieving comprehensive business coverage of the main leading customers in the Industry. With the continuous release of the company's new production capacity, the turbocharger business is expected to maintain stable growth in 2024.
Wuxi Best Precision Machinery (300580.SZ): The Thai branch has successfully laid its foundation in the second half of the year and is now officially under construction.
On December 26, Glonghui reported that Wuxi Best Precision Machinery (300580.SZ) recently stated in an investor relations event that the company will deepen its international market layout and intends to steadily advance overseas investment and factory establishment. In the second half of this year, the Thailand branch has successfully laid the foundation, and construction has officially begun, striving for the project to be completed and put into production as soon as possible, injecting strong momentum into the company's international development.
There's Reason For Concern Over Wuxi Best Precision Machinery Co., Ltd.'s (SZSE:300580) Massive 27% Price Jump
