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Jiangsu Zhongtian Technology (600522.SH): Intends to change part of the raised funds investment projects.
On October 16, Jiangsu Zhongtian Technology (600522.SH) announced that according to the actual progress of the fundraising investment projects, the company plans to change the fundraising project 'Distributed Energy Storage Power Station Project' (referred to as the 'original project'). The original project plans to use the raised funds to invest 1077.6361 million yuan, of which 15.227 million yuan has been used, leaving 1062.4091 million yuan. The company plans to change 380 million yuan of the raised funds to the 'New Type Electrical Utilities Eco-Friendly Cable Project', and plans to change 282.4091 million yuan of the raised funds to the 'Ultra High Pressure Composite Insulator and Lightning Arrester Research and Development'.
Research reports digging gold丨Huachuang Securities: jiangsu zhongtian technology is expected to maintain high-speed profit growth, first "recommended" rating.
Huachuang Securities' research report pointed out that Jiangsu Zhongtian Technology (600522.SH) is a leading enterprise in submarine cables. Based on the current orders and project progress, it is expected that the intensive delivery period of domestic submarine cables will arrive in 2025. In addition, the European offshore wind cable orders obtained in 2023 will be delivered one after another starting in 2025, and profits are expected to maintain high-speed growth. It is estimated that the company's EPS for 2024-2026 will be 1.0/1.2/1.3 yuan per share, with corresponding PEs of 15/13/11 times. Referring to comparable company valuations, a 15 times PE for the company in 2025 corresponds to a target price of 17.3 yuan, and an initial coverage is given a "recommended" rating.
Jiangsu Zhongtian Technology (600522.SH): The company did not implement share buybacks in September.
Geelonghui October 8th, jiangsu zhongtian technology (600522.SH) announced that in September 2024, the company did not implement share repurchases. As of September 30, 2024, the company implemented the fourth phase of the program to repurchase company shares through centralized competitive trade, with a total repurchased shares of 9.3882 million shares, accounting for 0.2751% of the company's current total share capital. The highest repurchase price was RMB 14.27 per share, the lowest price was RMB 11.34 per share, and the total amount paid was RMB 114.7128 million. (If there is a discrepancy in the data, it is due to rounding).
Jiangsu Zhongtian Technology (SHSE:600522) Hasn't Managed To Accelerate Its Returns
Jiangsu Zhongtian Technology: Global submarine cable demand enters a new cycle of prosperity. Semi-solid cell products have completed research and development | Direct hit earnings conference
① Director Xue Jiping of jiangsu zhongtian technology stated that the global submarine cable demand is entering a new cycle of prosperity, with a significant year-on-year increase in overseas orders. ② General Manager Lu Wei of jiangsu zhongtian technology stated that the company has developed 100Ah-230A semi-solid state cell products, mainly for large energy storage projects in the future.
Are Jiangsu Zhongtian Technology Co., Ltd.'s (SHSE:600522) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
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