No Data
No Data
China Aerospace Times Electronics CO., LTD.'s (SHSE:600879) Business Is Trailing The Market But Its Shares Aren't
China Aerospace Times Electronics CO., LTD.'s (SHSE:600879) price-to-earnings (or "P/E") ratio of 49.5x might make it look like a strong sell right now compared to the market in China, where around ha
China Aerospace Times Electronics (600879.SH): plans to transfer 51% equity of Aerospace Electric Company for 744 million yuan to Yichang Chengfa Company.
China Aerospace Times Electronics (600879.SH) announced on June 19th that the company publicly listed and transferred a 51% equity stake (referred to as the "target equity") of its wholly-owned subsidiary China Aerospace Times Electronics Group Co., Ltd. on the Beijing Property Rights Exchange. After the review and confirmation by the Beijing Property Rights Exchange and the company, it is determined that Yichang Chengfa Holdings Group Co., Ltd. (referred to as "Yichang Chengfa Company") will acquire the target equity, and intends to sign a "Property Rights Transfer Agreement" and a "Equity Transfer Agreement" with Yichang Chengfa Company, with a transaction price of 744 million yuan. After the completion of this equity transfer, the company will no longer consolidate China Aerospace Times Electronics Group Co.
China Aerospace Times Electronics (stock code: 600879.SH) plans to invest 49.6 million yuan to implement a functional transformation project for the No.9 scientific research and production building in Beijing's Yongfeng Park.
China Aerospace Times Electronics (600879.SH) announced on June 19 that in order to meet the development needs of emerging businesses and the increasing demand for scientific research and production sites, the company plans to implement a functional renovation project for the 9th scientific research and production building in the Beijing Yongfeng Park with an investment of 49.6 million yuan. The planned construction area of the scientific research and production building in Building 9 of Beijing Yongfeng Park is 21,606 square meters, with 6 above-ground floors and a reinforced concrete frame structure. The renovated area will be 14,570 square meters, and new research and experimental environmental places will be added to meet the needs of supporting the company's industrial innovation development. The structure, decoration, strong power, weak power, and water supply and drainage of some floors of Building 9 are planned to be renovated.
While Private Companies Own 27% of China Aerospace Times Electronics CO., LTD. (SHSE:600879), Individual Investors Are Its Largest Shareholders With 53% Ownership
Key Insights Significant control over China Aerospace Times Electronics by individual investors implies that the general public has more power to influence management and governance-related decisions
China Aerospace Times Electronics (600879.SH) successfully completed multiple major aerospace model support tasks represented by space station construction and Chang'E project.
China Aerospace Times Electronics (600879.SH) stated on the interactive platform on June 17 that the company has achieved a dividend ratio of more than 30% of net income for two consecutive years. In recent years, the company has successfully completed a number of major aerospace model support tasks represented by the construction of space stations and the Chang'e project, which is the result of the company's continuous innovative development in the aerospace electronic information business field.
China Aerospace Times Electronics (600879.SH): has the ability to provide supporting missions for commercial aerospace model products.
China Aerospace Times Electronics (600879.SH) stated on an interactive platform on June 17 that the company changed its abbreviated name from "Rocket Corporation" to "China Aerospace Times Electronics" in 2009 and the company's main business has not changed. The company's technology and products in the fields of rocket launch, satellite payload, measurement and control communication, satellite ground station construction, data processing and distribution, etc., all have the ability to provide supporting tasks for commercial space products.
No Data