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Shanghai aerospace automobile electromechanical (600151.SH): intends to reduce the capital of Hong Kong Holdings by 52.5 million USD.
On December 10, Gelonghui reported that Shanghai Aerospace Automobile Electromechanical (600151.SH) announced the establishment of its wholly-owned subsidiary China Aerospace (Hong Kong) Co., Ltd. (referred to as "Hong Kong Holdings") on February 23, 2011, with an initial registered capital of 9.6 million US dollars, serving as an overseas holding shell company. As of September 30, 2024, Hong Kong Holdings had a registered capital of 401.931401 million US dollars and liquid funds of 58.3357 million US dollars (based on September 30, 2024, with 1 Euro = 1.117 US dollars and 1 US dollar = 7.007 Chinese yuan, same below). This aims to improve capital utilization efficiency.
Shanghai Aerospace Automobile Electromechanical (SHSE:600151) Has Debt But No Earnings; Should You Worry?
Shanghai Aerospace Automobile Electromechanical (600151.SH): The holding subsidiary ESC Chong south korea plans to liquidate and cancel its Changshu subsidiary.
On November 22, Galonhui announced that Shanghai Aerospace Automobile Electromechanical (600151.SH) disclosed that its holding subsidiary ESC South Korea established ESC South Korea (Changshu) Automobile Systems Co., Ltd. (referred to as "ESC South Korea Changshu") in November 2017, engaging in heat exchange business within China. Up to now, ESC South Korea Changshu has been maintaining a state of no actual business operation. The board of directors of the company agreed to liquidate and deregister ESC South Korea Changshu through its holding subsidiary ESC South Korea. ESC South Korea Changshu did not directly engage in business operations, there are no accounts receivable to be cleared, and there are no employee placement issues. The company does not have any operations for ESC.
Shanghai Aerospace Automobile Electromechanical Co., Ltd.'s (SHSE:600151) Shares Climb 37% But Its Business Is Yet to Catch Up
Third Quarter Report 2024
shanghai aerospace automobile electromechanical (600151.SH): net loss of 40.1322 million yuan in the first three quarters.
On October 29, Gelonghui announced the third-quarter report for 2024 of Shanghai Aerospace Automobile Electromechanical (600151.SH). The company's revenue for the first three quarters of the year was 4.151 billion yuan, a decrease of 45.99% year-on-year; the net income attributable to the shareholders of the listed company was -40.1322 million yuan; the basic earnings per share was -0.0280 yuan.
Shanghai Aerospace Automobile Electromechanical Co., Ltd.'s (SHSE:600151) 28% Dip In Price Shows Sentiment Is Matching Revenues
