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Increase equipment production capacity, China Aerospace Times Electronics plans to invest over 100 million yuan in the Drone project under construction. | Quick read announcement.
① China Aerospace Times Electronics intends to enhance the equipment production capacity for the Yanqing Drone project; ② This planned increase is over 100 million yuan.
China Aerospace Times Electronics (600879.SH): The Aerospace Feihong Company intends to adjust the investment scale for the first phase of the construction project of the Yanqing Drone Equipment Industrial Base.
On December 13th, 2023, China Aerospace Times Electronics (600879.SH) announced that the company will hold its fourteenth Board of Directors meeting and the seventh Supervisory Board meeting for 2024 on December 13th, 2024. They reviewed and approved the "Proposal on Adjusting the Investment Scale of Phase I Construction Project of the Yanqing Drone Equipment Industrial Base of Aerospace Times Feihong Technology Co., Ltd.", agreeing to optimize and adjust the content of the Yanqing base construction project implemented by Aerospace Feihong Company in the fundraising project of the A-shares issued to specific objects in 2021.
China Aerospace Times Electronics (600879.SH): Plans to increase the capital of 100% equity in a laser navigation company and 100% equity in Xinghua Technology Company to Shidai Optoelectronics Company.
On December 13, Gelonghui reported that China Aerospace Times Electronics (600879.SH) announced that the company intends to increase its investment in the 100% equity of the laser navigation company and the 100% equity of Xinghua Technology Company to Times Optoelectronics Company. Another shareholder of Times Optoelectronics, China Aerospace Investment Holding Co., Ltd., has promised to waive proportional capital increase. The asset value and capital increase price for this investment are based on March 31, 2024, using the net asset appraisal values of Times Optoelectronics, the laser navigation company, and Xinghua Technology Company as a basis for calculations. The capital increase price is set at 3.4771 yuan (corresponding to each one yuan of registered capital) for the 100% equity of the laser navigation company.
Shenzhen JT Automation Equipment (300400.SZ): The terminal application fields of electronic assembly equipment include communications electronics, consumer electronics, automotive electronics, home appliance electronics, and china aerospace times electron
Gelonghui, on December 5, announced that Shenzhen JT Automation Equipment (300400.SZ) stated in investor relations that the company's electronic assembly equipment terminal application areas include communications electronics, consumer electronics, automotive electronics, home appliances electronics, and aviation electronics, among others. The clients include well-known terminal brand manufacturers and large manufacturing enterprises, as well as listed companies in these fields. According to historical data, the company has served approximately 6,000 clients to date, with a rich reserve of client resources and good client stickiness. Long-term stable cooperative relationships have been established with major clients such as Fujifilm Holdings Corporation unsponsored ADR, Huawei, and BYD.
China Aerospace Times Electronics (600879.SH): It plans to increase its capital by 0.14 billion yuan for the investment projects constructed by Shanghai Aerospace.
Gelonghui November 29th, China Aerospace Times Electronics (600879.SH) announced that the company issued shares to purchase assets and raise matching funds for the investment project, the 'Industrialization Project of Integrated Measurement and Control Communication Terminals and Next-Generation Antenna Products', which is implemented by the company's holding subsidiary, Shanghai Aerospace Electronics Co., Ltd. (referred to as 'Shanghai Aerospace'), with a total investment of 140.25 million yuan from the fundraising. The project funded by Shanghai Aerospace in charge of implementation is in the form of loans from intercompany receivables. To solve the issue of intercompany receivables between the company and Shanghai Aerospace and strengthen the closed-loop management of financing projects.
China Aerospace Times Electronics' (SHSE:600879) Earnings Growth Rate Lags the 10% CAGR Delivered to Shareholders
Subdued Growth No Barrier To China Aerospace Times Electronics CO., LTD. (SHSE:600879) With Shares Advancing 26%
