Wolong Electric Drive 2024 Annual Results Pre-Increase Announcement
Wolong Electric Group (600580.SH): Net profit is expected to increase by approximately 51% in 2024.
On January 21, Glory Holdings announced that Wolong Electric Group (600580.SH) published the 2024 annual performance forecast, expecting to achieve a net income of approximately 800 million yuan attributable to the parent company in 2024, a year-on-year increase of about 51%. It is expected to achieve a net income of approximately 690 million yuan attributable to the parent company after deducting non-recurring gains and losses in 2024, a year-on-year increase of about 45%. The company adheres to the growth strategy of three curves, insists on building a technology-leading enterprise, follows the Global Strategy for overseas market expansion, optimizes revenue structure while continuously exploring cost reduction opportunities, and achieves stable growth in performance.
SWHY: The machine dog Industry has formed a Global competitive landscape, with domestic brands currently dominating.
In recent years, supported by policies and capital, the number of enterprises and institutions deploying four-legged robots in the Global market has continued to increase, and the market size is growing rapidly.
A-shares mid-day review: The Chinext Price Index rose by 2.68%, with over 5,200 stocks increasing! Xiaohongshu Concept and Robot Concept led the gains.
As of the midday break, the Shanghai Composite Index rose by 1.75%, the Shenzhen Component Index rose by 2.42%, and the Chinext Price Index rose by 2.68%.
Wolong Electric Group (600580.SH): The Battery products from the power supply company can be used in the power systems of Datacenters.
On January 10, GE Longhui reported that Wolong Electric Group (600580.SH) stated on the investor interaction platform that the company's EC Electric Machine features integrated machine control and energy efficiency, and can be applied to the temperature control systems of Datacenters, with clients including Daikin from Italy. The company's battery products can be utilized in the power systems of Datacenters, having been delivered to clients including the BYD Datacenter.
Wolong Electric Group (600580.SH): The company's EV Electric Machine is applied in industrial electric forklifts.
Gelonghui, January 10: Wolong Electric Group (600580.SH) stated on the investor interaction platform that the company's EV Electric Machine is used in industrial electric forklifts.
Wolong Electric Group (600580.SH): Zhejiang Longneng Electrical Utilities plans to terminate its listing on the National Equities Exchange and Quotations system.
On January 5th, Glonghui announced that Wolong Electric Group (600580.SH) held the 11th temporary meeting of the 9th Board of Directors and the 9th Supervisory Board meeting on January 5, 2025, where it reviewed and approved the proposals regarding "the proposal for Zhejiang Longneng Electrical Utilities Technology Co., Ltd. Stocks to terminate listing on the National Equities Exchange and Quotations system" and "the proposal on the measures to protect the rights and interests of dissenting shareholders regarding Zhejiang Longneng Electrical Utilities Technology Co., Ltd. Stocks' termination of listing on the National Equities Exchange and Quotations system," agreeing to the holding subsidiary Zhejiang Longneng Electrical Utilities.
Wolong Electric Group Co.,Ltd. (SHSE:600580) Surges 34% Yet Its Low P/S Is No Reason For Excitement
Wolong Electric Group (600580.SH): A total of 0.40% of shares have been repurchased.
Gelonghui, December 27丨Wolong Electric Group (600580.SH) announced that as of December 27, 2024, the company has repurchased a total of 5,148,200 shares through centralized bidding, accounting for 0.40% of the company's total share capital (1,302,622,626 shares). The highest transaction price was 15.66 yuan/share, and the lowest price was 8.39 yuan/share. The total amount of funds paid is 60,005,392.14 yuan (excluding transaction fees). The total amount for this repurchase has reached the lower limit of the repurchase plan, and the company's management has decided to terminate this repurchase early.
Wolong Electric to Build Baotou Damao Banner Storage Grid for 2.03 Billion Yuan; Shares Jump 4%
Gelonghui Announcement Highlights | Shenzhen Sea Star Technology: Currently not involved in the 'WeChat Small Store' business; Wolong Electric Group: Plans to invest 2.03 billion yuan in the Baotou Damaoqi New Energy and Energy Storage Grid Configuration
【Hot Spot Tracking】Shenzhen Sea Star Technology (002137.SZ): Currently not involved in "WeChat Mini Store" business. Shanghai Laiyifen (603777.SH): Currently has a very low sales proportion through WeChat channels. KraussMaffei (600579.SH): In the last 5 trading days, the cumulative stock increase has reached 60.90%, with no significant changes in main Business. 【Project Investment】Henan Yuneng Holdings (001896.SZ): Subsidiary plans to invest 8.644 billion yuan to construct the Linzhou Gongsang Pumped Storage Power Station project in Henan. Wolong Electric Group (600580.SH): Plans to invest 2.03 billion yuan to construct the Baotou Damaoqi New Energy and Energy Storage Network Pilot.
Wolong Electric Group (600580.SH): Frameless torque motors and various joint module products have begun joint research and development with several downstream customers in the field of bionic robots.
On December 20, Gelonghui reported that Wolong Electric Group (600580.SH) stated on the investor interactive platform that the company’s frameless torque Electric Machine and various joint module products have begun joint research and development with multiple downstream clients in the biomimetic robot sector, including sample testing, and some clients have already formed small batch Orders. Biomimetic robots, including humanoid robots, are a key area of Global Strategy for the company.
Wolong Electric Gets Green Light to Build 2.03 Billion Yuan New Energy Project
Wolong Electric Group (600580.SH): The Baotou Damao Banner New energy Fund and energy storage network pilot demonstration project has been approved.
On December 13, Gelonghui reported that Wolong Electric Group (600580.SH) announced that the company received the approval document from the Baotou Municipal Development and Reform Commission regarding the demonstration project for new energy and energy storage grid construction of Shunfeng New Energy (Damaoqi) Co., Ltd. (Approval No. Baofan Gai Approval [2024] No. 116), which agrees to the construction of the new energy and energy storage grid demonstration project (Project Code: 2409-150223-04-05-723098) by the subsidiary Shunfeng New Energy (Damaoqi) Co., Ltd. The new energy Business, as the second curve in the company's "One, Two, Three Development Global Strategy", is being implemented.
Some Investors May Be Worried About Wolong Electric GroupLtd's (SHSE:600580) Returns On Capital
Wolong Electric Group (600580.SH): Cooperation related to joint module innovation with Zhejiang siasun robot&automation Center.
Wolong Electric Group (600580.SH) stated on the investor interaction platform on December 5 that it has cooperation with Zhejiang Humanoid Robot Innovation Center on joint modules, including the humanoid robot model "Leader 2". The company's business cooperation in the humanoid robot field also includes scenario application development and promotion, combined with the industrial internet platform's industrial scene big data, which can be widely applied in various fields such as electrical utilities, petrochemicals, coal mining, emergency rescue, medical care, and rehabilitation.
wolong electric group (600580.SH): The company did not implement share repurchases in November.
On December 2, Glenwood announced that wolong electric group (600580.SH) stated that in November 2024, the company did not implement any share buybacks. As of November 30, 2024, the company has repurchased a total of 5,148,200 shares, accounting for 0.40% of the total share capital (1,302,622,626 shares). The highest transaction price was 15.66 yuan/share, the lowest price was 8.39 yuan/share, and the total amount of funds paid was 60,005,392.14 yuan (excluding transaction fees). This buyback complies with relevant laws and regulations as well as the company’s share repurchase plan.
Wolong Electric Group (600580.SH): Frameless torque electric machines and various joint module products can be applied to bionic robots, including humanoid siasun robot&automation.
Gelonghui, on November 27, reported that Wolong Electric Group (600580.SH) stated on the investor interaction platform that the company's frameless torque electric machines and various joint module products can be applied to bionic robots, including humanoid robots, providing power system solutions for these robots. The company has also laid out solutions for bionic robotic inspection systems, high-altitude emergency delivery systems, and exoskeleton assistance systems. These systems integrate advanced technologies such as motion control, map positioning, autonomous navigation, sensory recognition, and communication transmission, and can be widely applied in various fields including electrical utilities, petrochemicals, coal mining, emergency rescue, and medical care.
Wolong Electric Group Co.,Ltd.'s (SHSE:600580) Stock Is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Wolong Electric Group (600580.SH): AEM electrolyzer hydrogen production system business is progressing well, currently has received orders exceeding 10MW.
On November 15, Guolonghui reported that wolong electric group (600580.SH) stated on the investor interaction platform that the company's AEM electrolytic water hydrogen production system business is progressing well, and has currently received orders exceeding 10MW.