Should Weakness in Wuxi Best Precision Machinery Co., Ltd.'s (SZSE:300580) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

Simply Wall StJul 12 01:06 ET

Wuxi Best Precision Machinery (300580.SZ) has successfully developed the core component of humanoid robot linear actuator, a planetary roller screw.

On July 4th, Gelunhui reported that Wuxi Best Precision Machinery (stock code: 300580.SZ) stated during its investor relations event that the fully-owned subsidiary Yuhua Precision Machinery, which carries the company's third-phase industry, can produce ball screw pairs with the highest accuracy of C0 level and linear guide pairs with the highest accuracy of UP level. High-precision ball screw and guide products have been verified on some models of well-known machine tool manufacturers, and have been recognized by the market. At the same time, with the rapid development of the humanoid robot industry, Yuhua Precision Machinery is actively expanding the application of linear motion components and has successfully developed the core component of humanoid robot linear actuators - planetary roller screw, which was already completed last year.

Gelonghui FinanceJul 4 04:45 ET

Wuxi Best Precision Machinery Co., Ltd.'s (SZSE:300580) Top Holders Are Insiders and They Are Likely Disappointed by the Recent 9.0% Drop

Simply Wall StJun 19 20:15 ET

Wuxi Best Precision Machinery (300580.SZ) will distribute equity of 10 shares for every 4.7 shares held, with a dividend of 2 yuan in 2023. The record date for equity registration is June 13th.

Wuxi Best Precision Machinery (300580.SZ) announced that the equity distribution plan for 2023 is: based on the total share capital of the company of 339,560,485 shares, a cash dividend of RMB 2.000000 per 10 shares (including tax) will be distributed to all shareholders, and a bonus share of 4.700000 shares will be issued to all shareholders from the capital reserve. The equity registration date for this distribution is June 13th, 2024, and the ex-dividend date is June 14th, 2024.

Gelonghui FinanceJun 5 06:35 ET

Returns At Wuxi Best Precision Machinery (SZSE:300580) Appear To Be Weighed Down

Simply Wall StMay 22 18:49 ET

We Think You Should Be Aware Of Some Concerning Factors In Wuxi Best Precision Machinery's (SZSE:300580) Earnings

Simply Wall StApr 26 18:10 ET