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Citi Upgrades Dongguan Yiheda Automation to Buy From Neutral; Price Target Is 28 Yuan
Can Dongguan Yiheda Automation Co., Ltd (SZSE:301029) Maintain Its Strong Returns?
Yihada (301029.SZ): The components the company provides to the Siasun Robot&Automation Industry mainly include oil-free bushings, profile frames, ball screw assemblies, and other products.
On December 13, Gelonghui丨Yihada (301029.SZ) announced that the company is a one-stop procurement platform for components for non-standard Automation Equipment, with products including linear motion parts, transmission components, pneumatic Components, Aluminum profiles and accessories, industrial frame structure components, machined parts, small Machinery parts, and electronic and electrical products. The components supplied to the Siasun Robot&Automation Industry mainly include oil-free bushings, profile frames, ball screw assemblies, drag chains, conveyors, synchronized belts, and other products, primarily applied in customized equipment and production lines.
Yihada (301029.SZ): The actual controller has changed to Jin Liguo.
On November 19, Gelonghui reported that Yihada (301029.SZ) announced that it recently received notifications from its actual controllers, Mr. Jin Liguo, Mr. Zhang Hong, Mr. Zhang Gaohong, and Mr. Li Jinliang. The four of them have reached an agreement to sign the "Termination Agreement of the Consistent Action Agreement and its Supplementary Agreement," deciding to terminate the "Consistent Action Agreement" signed on March 17, 2017, and the "Supplementary Agreement to the Consistent Action Agreement" signed on July 28, 2020. After Mr. Jin Liguo, Mr. Zhang Hong, Mr. Zhang Gaohong, and Mr. Li Jinliang terminated their consistent action relationship, the actual controllers of the company changed to Mr. Jin Liguo and Mr. Zhang Hong.
Yihe Technology (301029.SZ): Zhongzhida and its concerted parties plan to reduce their shareholding by no more than 1.5%.
格隆汇November 1st | Yiheda (301029.SZ) announced that shareholders Zhongzhida and its concerted action person Zhonghuida collectively hold 39,484,972 shares of the company, accounting for 6.23% of the total share capital (634,202,712 shares). They plan to reduce their shareholding by a total of not more than 9,513,041 shares within 3 months after 15 trading days from the date of this announcement through centralized bidding, block trades, or inquiry transfer methods, that is, not more than 1.5% of the total share capital.
Dongguan Yiheda Automation Co., Ltd (SZSE:301029) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected