Luoyang Xinqianglian Slewing Bearing Co., Ltd.'s (SZSE:300850) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Luoyang Xinqianglian Slewing Bearing (300850.SZ): Partial funds from raised funds account have been unfrozen.
On June 27th, Global Hualuoy announced that all frozen funds related to Luoyang Xinqianglian (300850.SZ) convertible corporate bond special account for raising funds from unspecified objects in 2022 have been released. The frozen bank account involved was the special account for raising funds from unspecified objects for the issuance of convertible corporate bonds in 2022, and the account was opened at the Technology Branch of China CITIC Bank Corporation in Luoyang Free Trade Zone, with the account number 8111*****8551, and the frozen amount was 651,460.77 yuan. The applicant for freezing part of the company's bank account funds is Luoyang Jianwei Concrete Co., Ltd.
Luoyang Xinqianglian Slewing Bearing (300850.SZ): Part of the funds in the raised account have been frozen.
On June 26th, Gelunhui reported that Luoyang Xinqianglian (300850.SZ) recently learned that some of the funds raised for the implementation of convertible corporate bond issuance to unspecified objects in 2022 were frozen in the fundraising account opened for the investment project. The applicant for the freeze of part of the company's bank account funds is Luoyang Jianwei Concrete Co., Ltd., which filed for property preservation with the Mengjin District People's Court of Luoyang City, Henan Province due to a contractual dispute with the company. The bank account affected by this fund freeze is a dedicated fundraising account, with 651,460.77 yuan of frozen funds, accounting for 2% of the company's funds.
Luoyang Xinqianglian Slewing Bearing (SZSE:300850) Could Be Struggling To Allocate Capital
Xinqianglian (300850.SZ): 2023 equity distribution, 10 distributions of 1.04 yuan, share registration date May 20
Gelonghui, May 13 | Xinqianglian (300850.SZ) announced that the company's 2023 equity distribution plan is to distribute RMB 1.040,000 (tax included) to all shareholders for every 10 shares based on the company's current total share capital of 358,741,880 shares. The share registration date for this equity distribution is May 20, 2024, and the ex-dividend date is May 21, 2024.
Luoyang Xinqianglian Slewing Bearing's (SZSE:300850) Solid Earnings May Rest On Weak Foundations
Xinqianglian (300850.SZ): Net loss of 51.7726 million yuan in the first quarter
On April 25, Ge Longhui (300850.SZ) released its report for the first quarter of 2024. Operating income for the reporting period was 447 million yuan, down 11.76% year on year; net profit attributable to shareholders of listed companies was 51.7726 million yuan, year on year profit and loss; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 24.1470 million yuan, down 59.72% year on year; basic earnings per share -0.14 yuan.
Xinqianglian (300850.SZ): Net profit in 2023 increased 18.58% year-on-year, and plans to distribute 1.04 yuan for 10 shares
Gelonghui, April 18 | Xinqianglian (300850.SZ) released its 2023 annual report. Operating revenue was 2.8 billion yuan, up 6.41% year on year, net profit of 370 million yuan, up 18.58% year on year, after deducting non-net profit of 300 million yuan, down 7.43% year on year, with basic earnings of 1.12 yuan per share. A cash dividend of 1.04 yuan is distributed to all shareholders for every 10 shares.
Xinqianglian (300850.SZ): Currently, there are no bearing products related to robotics
Gelonghui, March 12 | Xinqianglian (300850.SZ) said on the interactive platform that the company is mainly engaged in R&D, manufacturing and sales of large-scale slewing bearings, locking discs, and industrial forgings and couplings. The products are mainly used in wind turbines, offshore equipment, shield machines and construction machinery, and are currently not used in bearing products related to the robotics field.
Luoyang Xinqianglian Slewing Bearing Co., Ltd. (SZSE:300850) Stock Rockets 33% But Many Are Still Ignoring The Company
Luoyang Xinqianglian Slewing Bearing Co., Ltd.'s (SZSE:300850) Stock Price Dropped 15% Last Week; Individual Investors Would Not Be Happy
With Luoyang Xinqianglian Slewing Bearing Co., Ltd. (SZSE:300850) It Looks Like You'll Get What You Pay For
Xinqianglian (300850.SZ): Currently, the self-supply ratio of forgings has reached more than 90%
Gelonghui, December 12|Xinqiang Lianlian (300850.SZ) said at an investor relations event that the current self-supply ratio for forgings has reached more than 90%, and the current self-supply ratio for rolling elements has reached about 50%. The benefits brought by improvements in the industrial chain will be basically the same as fluctuations in market prices.
Xinqianglian (300850.SZ): It is expected that the entire industrial chain will be perfected by April and May 2024
On December 12, Gelonghui (300850.SZ) stated at an investor relations event that starting in mid-late 2022, the company will improve the product industry chain, and it is expected that the entire industry chain will be improved by April and May 2024. So far, progress has been relatively smooth.
Should Weakness in Luoyang Xinqianglian Slewing Bearing Co., Ltd.'s (SZSE:300850) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Huajin Securities: Larger fans drive industry cost reduction, focus on gearbox and blade technology upgrades
Large-scale fans combined with localization continue to drive the industry to reduce costs and increase efficiency. Gearboxes and blades are the key.
Xinqiang Alliance (300850.SZ): Plans to invest in a high-end wind power equipment project with an annual output of 20,000 sets in Daxin Town
On November 1丨Xinqianglian (300850.SZ) announced that in order to further implement the development strategy of Luoyang Xinqianglian Slewing Bearing Co., Ltd. (“Company” or “Party B”), implement the overall development layout plan, meet future market demand, and increase market share, the company signed an “Investment Agreement” with the People's Government of Daxin Town, Zhangjiagang City. The company plans to invest 1 billion yuan in fixed assets through self-funded investment and construction. Through its wholly-owned subsidiary Xinqianglian (Jiangsu) Heavy Industry Technology Co., Ltd. (“Project Company”), the construction cycle of the project is implemented 3 year. Party B plans to invest in Daxin
Xinqianglian (300850.SZ) released the first three quarterly results, with net profit of 340 million yuan, an increase of 1.75%
Xinqianglian (300850.SZ) released its report for the third quarter of 2023, and achieved operating income of 20.9 in the first three quarters...
Insiders With Their Considerable Ownership Were the Key Benefactors as Luoyang Xinqianglian Slewing Bearing Co., Ltd. (SZSE:300850) Touches CN¥12b Market Cap
Xinqianglian (300850.SZ): Controlling shareholders have transferred a total of 1.21 million “Qianglian Bonds”
Glonghui, Oct. 17: Xinqianglian (300850.SZ) announced that the company recently received a notice from the controlling shareholder Mr. Xiao Gaoqiang. It learned that Mr. Xiao Gaoqiang transferred 1,210,000 “Qianglian Bonds” held through bulk transactions on the Shenzhen Stock Exchange, accounting for a total of 10% of the total volume issued.
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