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Baoding Tianwei Baobian Electric Co., Ltd. Semi-Annual Report 2024
Baoding Tianwei Baobian Electric Co., Ltd. 2024 Interim Report Summary
Baoding Tianwei Baobian Electric (600550.SH): Plans to transfer 90% equity of its Indian subsidiary through public listing.
On August 12, Geelong News reported that Baoding Tianwei Baobian Electric (600550.SH) announced that Baobian - Atlanta Transformers India Limited (referred to as "India company") is a holding subsidiary of Baoding Tianwei Baobian Electric Co., Ltd. (referred to as "Baobian Electric") with a 90% stake held by Baobian Electric. According to the relevant requirements of the State-owned Assets Supervision and Administration Commission of the State Council and the Ministry of Finance (Order No. 32 of the State-owned Assets Supervision and Administration Commission and the Ministry of Finance), the company plans to publicly list and transfer 90% equity of the India company. According to the relevant regulations of state-owned asset management, the company will conduct a pre-listing on the Beijing Property Rights Exchange before the official listing and transfer of the India company's equity. This pre-listing.
Baoding Tianwei Baobian Electric (600550.SH): Net income for the first half of the year was 22.7857 million yuan, reversing from a loss to a profit compared to the same period last year.
Baoding Tianwei Baobian Electric (600550.SH) released its 2024 interim report on August 12. During the reporting period, revenue was CNY 1.862 billion, a YoY growth of 45.82%, and net income attributable to shareholders of listed companies was CNY 22.7857 million, a turnaround from losses to profits YoY; net income attributable to shareholders of listed companies after deducting non-recurring gains and losses was CNY 18.0222 million; basic earnings per share was CNY 0.012. The YoY increase in revenue during the reporting period was mainly due to the sale of the company's product orders during this period.
Baoding Tianwei Baobian ElectricLtd (SHSE:600550) Shareholder Returns Have Been Decent, Earning 54% in 5 Years
Baoding Tianwei Baobian Electric Co., Ltd. announced its expected performance for the first half of 2024.
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