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Suzhou New District Hi-Tech IndustrialLtd (SHSE:600736) Shareholders Notch a 40% Return Over 1 Year, yet Earnings Have Been Shrinking
Earnings Not Telling The Story For Suzhou New District Hi-Tech Industrial Co.,Ltd (SHSE:600736)
Suzhou New District Hi-Tech Industrial (600736.SH): The controlling subsidiary plans to acquire 7.36% of Jiangsu Guoxin Corp., Ltd. shares.
On December 19, Guolonghui reported that Suzhou New District Hi-Tech Industrial (600736.SH) announced that its holding subsidiary, Su Xin Ju Li, acquired 278,066,700 unrestricted tradable shares of Jiangsu Guoxin Corp.,Ltd. held by OCT Capital through public solicitation, accounting for 7.36% of Jiangsu Guoxin's total share capital. The acquisition price was 7.63 yuan per share, with a transaction amount of 2,121,648,921 yuan. This investment in Jiangsu Guoxin by the company is a strategic investment. On one hand, the company, OCT Group, and Jiangsu Guoxin will seek collaboration in real estate, tourism, electricity sales, and green low.
Suzhou New District Hi-Tech Industrial (600736.SH): Subsidiaries plan to establish Suzhou New Industries Biomedical Engineering Company with Suzhou New District High-Tech Financial Control.
On November 13, Gelonghui announced that Suzhou New District Hi-Tech Industrial (600736.SH) disclosed that its wholly-owned subsidiary Suzhou New District Hi-Tech Industrial Investment Management Co., Ltd. (referred to as "Suzhou New District Hi-Tech Industrial Investment") intends to establish Suzhou Shenzhen New Industries Biomedical Engineering Development Co., Ltd. (tentative name, referred to as "Shenzhen New Industries Company"), with a registered capital of 2500 million yuan; among which, Suzhou New District Hi-Tech Industrial Investment will subscribe for 1675 million yuan, and Suzhou New District Hi-Tech Industrial Control will subscribe for 825 million yuan. This establishment of Shenzhen New Industries Company will leverage their respective resource advantages and promote advancements in energy, high-end.
suzhou new district hi-tech industrial (600736.SH): Its subsidiary Dongling Vibration has successively participated in the research, construction, and testing of supporting projects for national major projects such as the Shenzhou series, Tiangong series,
Gelonghui on November 8th stated on the investor interaction platform that its subsidiary, Suzhou New District Hi-Tech Industrial (600736.SH), is mainly engaged in vibration testing services and equipment manufacturing, providing technical services for the research and development, manufacturing, and testing of experimental equipment. Its business involves the military industry, aviation, autos, and other fields, and has participated in the research, construction, and testing of major national projects such as the Shenzhou series, the Tiangong series, lunar exploration projects, and the Fengyun series. Dongling Vibration has been recognized as a national specialized, special, and new "small giant" enterprise, independently developing the world's largest single-unit 100-ton electric vibration test system; vibration test rig.
Despite the Downward Trend in Earnings at Suzhou New District Hi-Tech IndustrialLtd (SHSE:600736) the Stock Rises 9.1%, Bringing Three-year Gains to 27%
Suzhou New District Hi-Tech Industrial Co.,Ltd (SHSE:600736) Looks Inexpensive But Perhaps Not Attractive Enough