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Investors Appear Satisfied With Luoyang Xinqianglian Slewing Bearing Co., Ltd.'s (SZSE:300850) Prospects As Shares Rocket 33%
Be Wary Of Luoyang Xinqianglian Slewing Bearing (SZSE:300850) And Its Returns On Capital
Luoyang Xinqianglian Slewing Bearing (300850.SZ): The actual controller Xiao Zhengqiang has transferred a total of 2.4368 million "Qianglian Convertible Bonds".
On September 25th, Ge Longhui reported that Luoyang Xinqianglian (300850.SZ) announced that the company received a notification from its controlling shareholder and actual controller, Mr. Xiao Zhengqiang, stating that he has transferred a total of 2,436,784 "Qianglian Convertible Bonds", accounting for 20.14% of the total issuance volume, through block trades and centralized bidding on the Shenzhen Stock Exchange from November 28, 2023 to September 25, 2024.
Luoyang Xinqianglian (300850.SZ): The gearbox bearings are currently in the stage of sample development with potential customers and have not started mass supply.
On September 9th, Xinqianglian (300850.SZ) stated on the investor interaction platform that the company's Jiangsu Zhangjiagang project is running smoothly and is currently in the infrastructure phase. The company is advancing the Zhangjiagang project according to the original plan and market demand. The gearbox bearings have not yet started mass production and are currently in the stage of prototype development with potential customers. The delivery validation of the gearbox bearings is cautious and production and delivery are carried out in accordance with the demands of downstream customers.
Xinqianglian: 2024 Semi-Annual Report Summary
Xinqianglian: 2024 Semi-Annual Report
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