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luoyang xinqianglian slewing bearing (300850.SZ): Terminating certain fundraising investment projects and permanently supplementing the remaining raised funds for working capital.
On December 6, Gelonghui reported that luoyang xinqianglian slewing bearing (300850.SZ) announced that the board of directors agreed to terminate the project "R&D Center Construction Project" for raising funds through the issuance of stocks to specific entities in 2021, and the remaining raised funds of 20.6604 million yuan (subject to the actual amount after bank interest calculation on the date of fund transfer) will be permanently added to the working capital for the company's daily production operation and business development.
Further Upside For Luoyang Xinqianglian Slewing Bearing Co., Ltd. (SZSE:300850) Shares Could Introduce Price Risks After 33% Bounce
Luoyang Xinqianglian Slewing Bearing (300850.SZ): Currently, the capacity utilization rate is high, with sufficient orders in hand for production.
Gelonghui Nov. 12 - luoyang xinqianglian slewing bearing (300850.SZ) accepted a specific object survey on Nov. 12, 2024, regarding "company's production capacity and orders?" The company stated that the current production capacity utilization is relatively high, with sufficient orders in hand and downstream customer demand feedback for 2025 being positive. The company will optimize production lines, improve processes, and explore production capacity to meet customer delivery requirements based on delivery progress.
Luoyang Xinqianglian (300850.SZ): The research and development of gearbox bearing products is progressing smoothly, with small batch shipments expected in 2025.
Gelonghui November 12th | Luoyang Xinqianglian Slewing Bearing (300850.SZ) accepted a specific object investigation on November 12, 2024, regarding the research and development progress of gearbox bearings, customer development status, and shipment guidance for 2025. The company stated that the research and development progress of gearbox bearing products is progressing smoothly. Currently, it is in the stage of technical communication and prototype development with potential cooperating customers, and has delivered prototypes to some downstream customers for on-site verification. Due to customers' cautious product validation, it is expected to have small-scale shipments in 2025.
Luoyang xinqianglian slewing bearing (300850.SZ): With a complete industry chain layout (forgings, steel balls, rollers, etc.), gradually achieving self-supply of product components.
Geelong Hui November 12th | Luoyang Xinqianglian (300850.SZ) accepted a specific object survey on November 12, 2024, regarding the company's competitive advantages and disadvantages in terms of cost and technology in the industry. The company stated that it has a complete industry chain layout (forgings, steel balls, rollers, etc.), gradually achieving self-supply of product components. In terms of product quality control, cost reduction, customer delivery flexibility, the company has strong advantages. The company anticipates the trend of large-scale development of wind power bearings, advances product category layout, reserves technological research and development of large-scale bearings, and masters various heat treatment and quenching processes.
Xinqianglian: Report for the third quarter of 2024
