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Weili Transmission (300904.SZ): A wholly-owned subsidiary received project approval.
On February 28, Gelonghui reported that Weili Transmission (300904.SZ) announced that in order to promote the development of the company's New energy Fund business, it actively engaged with relevant government departments after receiving the notification from the Ningxia Hui Autonomous Region Development and Reform Commission (referred to as "Autonomous Region Development and Reform Commission") and the Ningxia Hui Autonomous Region Agricultural and Rural Affairs Department regarding the issuance of the "Notice on Printing and Distributing the Overall Plan for the 'Thousand Towns and Ten Thousand Villages Wind Control Action' in Ningxia Hui Autonomous Region" (Ningfa Gai Energy (Development) [2024] No. 450). The company participated in the project application work and was included in the Ningxia Hui Autonomous Region's 'Thousand Towns and Ten Thousand Villages Wind Control Action.'
Yinchuan Weili Transmission Technology Co., Ltd.'s (SZSE:300904) Share Price Not Quite Adding Up
Power Transmission: 2024 Annual Results Forecast
Weilijuan (300904.SZ): Expected to lose 18 million yuan to 35 million yuan in the fiscal year 2024.
On January 24, Glonghui reported that Weili Transmission (300904.SZ) announced its performance forecast for 2024, estimating a Net income loss of 18 million yuan to 35 million yuan attributable to the listed company's shareholders, compared to a profit of 41.2014 million yuan in the same period last year; after deducting non-recurring gains and losses, the Net income loss is expected to be 105 million yuan to 122 million yuan, with a profit of 7.2554 million yuan in the same period last year. Affected by the intensified market competition in the wind power Industry, the cost reduction pressure from the downstream of the wind power Industry Chain is being transmitted to upstream suppliers, which has compressed the company's profit margin and impacted the overall profitability and gross margin level.
Is Yinchuan Weili Transmission Technology (SZSE:300904) Using Too Much Debt?
Weilong Transmission (300904.SZ): Established a Global service network in Texas, USA, Hamburg, Germany, Chennai, India, and Tokyo, Japan.
On December 18, Gelonghui reported that Weili Transmission (300904.SZ) stated in a recent investor relations activity that in order to expand its overseas market, the company has established global service outlets in Texas, USA, Hamburg, Germany, Chennai, India, and Tokyo, Japan. The company fully utilizes the cost and quality advantages of its wind power yaw and pitch gearbox products, successfully entering the qualified supplier list of well-known foreign wind power companies such as Siemens-Gamesa, Endesa Germany, EUnion Germany, Adani India, and Suzlon India.
Yinchuan Weili Transmission Technology Co., Ltd.'s (SZSE:300904) Shares Climb 46% But Its Business Is Yet to Catch Up
