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Bank of Hangzhou Semi-Annual Report 2024
Bank of Hangzhou 2024 Semi-Annual Report Summary
Express News | Bank of Hangzhou H1 Net Profit up 20.1% Y/Y
China Life Insurance plans to reduce its shareholding in Bank of Hangzhou by 0.11 billion shares. Will clearing out the shares cause fluctuations in the stock price? Who will take over?
China Life Insurance plans to reduce its shareholding of Bank of Hangzhou by no more than 110,092,230 shares. Based on the current share price, this liquidation by China Life Insurance may be worth 1.5 billion yuan. Experts believe that this reduction will have limited impact on Bank of Hangzhou, but may cause short-term fluctuations in the stock price. Local state-owned shareholders are expected to take over and increase their stake.
On August 21, A-shares lightning rod: Shuangqiang Technology - shareholder Huaruitaixin plans to reduce its shareholding by no more than 2.99%; Bank of Hangzhou - China Life Insurance plans to reduce its shareholding by no more than 1.86%.
Shareholder Hua Ruitaixin of Shuangqiang Technology plans to reduce his shareholding by no more than 2.99%; Shareholders Juli Hua and Zhuang Huafeng of Kunshan Topa Intelligent Equipment plan to reduce their shareholding by no more than 2% in aggregate; Bank of Hangzhou stated that China Life Insurance plans to reduce its shareholding by no more than 1.86%; Jiangsu Zhongli Group stated that its net loss in the first half of the year was 266 million yuan, an increase in year-on-year losses; Chenyi Intelligent Equipment stated that the products supplied to Huawei are mainly Bluetooth remote controls and cameras, and do not involve Star Flash remote controls.
Selected Notice from Gelonghui: Gigadevice Semiconductor Inc. had a net income of 517 million yuan in the first half of the year, a year-on-year increase of 53.88%; China Telecom had a net income of 21.8 billion yuan in the first half of the year, a year-
[Contract Projects] Jianyi Decoration Group (002789.SZ): intends to establish a joint venture to implement an annual production of 3,000 tons of monocrystalline silicon rod project. Inner Mongolia Diantou Energy Corporation (002128.SZ): plans to invest in the sixth phase of Huolinhe Circular Economy Demonstration Project, a continuation of the construction of a 200MW wind power project. [Contract Award] CHN Energy Changyuan Electric Power (000966.SZ): CNPG Water Affairs was awarded the EPC project for the transformation of Qing Shan Company Changyuan Electric Power Qing Shan thermal power desulfurization end wastewater treatment. Harbin Boshi Automation (002698.SZ): signed a commercial contract worth CNY 81.16 million. Dongzhu Ecological Environment Protection (603359.SH): consortium is expected to win the bid for Sha Yang Wuli.
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