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Tongling Shares (301168.SZ): Intends to close the 'Photovoltaic Junction Box Technology Upgrade Expansion Project' and permanently supplement the remaining raised funds with working capital.
On June 27th, Gelonhui reported that Tongling shares (301168.SZ) held the 35th meeting of the fourth board of directors and the 34th meeting of the fourth board of supervisors on June 27th, 2024, and approved the Proposal on Ending Part of the Fund-raising Project and Permanently Supplementing the Remaining Fund-Raising Funds for Working Capital. The company's raised funds for the investment project, the "photovoltaic junction box technology transformation and expansion project" (hereinafter referred to as the "this fund-raising project"), have been completed and have reached the planned available status. In order to allocate funds reasonably and improve the efficiency of fund-raising, considering the company's financial situation and operations, etc.,
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Tongling Co., Ltd. (301168.SZ): Its subsidiary in Singapore plans to increase capital to its subsidiary in Vietnam.
On June 19th, Gelunhui reported that TONGLING (301168.SZ) plans to use its own funds or self-raised funds to increase the capital of its fully-owned subsidiary TONGLING ELECTRIC (VIETNAM) CO., LTD. ("Vietnam Company") through its wholly-owned subsidiary TONGLING ELECTRIC (SINGAPORE) CO., LTD. ("Singapore Company") to develop overseas business and increase overseas production base layout. The amount of this foreign investment does not exceed USD 10 million (the specific amount is subject to the actual exchange rate on the day of remittance), including but not limited to the purchase of land, purchase of fixed assets and other activities used to expand the production base of the Vietnam Company.
In the first quarter, the sales revenue of photovoltaic products of Tongling Corporation (301168.SZ) accounted for over 90% of the entire revenue.
On June 5th, Gelonhui reported that an investor asked on the investor interaction platform about the proportion of photovoltaics in the company's revenue and whether there is pure profit. The company responded that in the first quarter, sales revenue of photovoltaic products accounted for more than 90% of the total revenue and were profitable.
Tongling Stock (301168.SZ): No computing power and low-altitude economic products business at present.
On June 5th, Gelonghui reported that Tongling shares (301168.SZ) stated on their investor interaction platform that the company mainly produces and sells solar energy photovoltaic module junction boxes, and currently has no business related to computing power or low-altitude economic products.
Currently, the chip junction box produced by Tongling Corporation (301168.SZ) accounts for upwards of 30% of the total junction box shipments.
On June 5th, Gelunhui reported that an investor asked Tongling shares(301168.SZ) on the investor interaction platform, "How much is the company's revenue from the junction box chip it currently produces?" The company responded that the revenue from the junction box chip currently produced by the company accounts for more than 30% of the total junction box shipments.
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