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The Market Doesn't Like What It Sees From Baosheng Science and Technology Innovation Co.,Ltd.'s (SHSE:600973) Revenues Yet
Is baosheng science and technology innovation 'painfulletting go'? yangtze optical fibre and cable joint stock takes over multiple 'national champions' in domestic submarine cable assets | quick announcement
① Baosheng Submarine Cable will transfer 30% of its equity to Yangtze Optical Fibre and Cable, becoming a subsidiary and controlling shareholder of Yangtze Optical Fibre and Cable, with a transaction amount of 0.583 billion yuan; ② As an important subsidiary of Baosheng Science and Technology Innovation, Baosheng Submarine Cable has high standards and a total investment of 5 billion yuan, with multiple 'domestic best' project assets; ③ This year, the profit performance of many companies' submarine cable business has been under pressure due to factors such as the delay in the start of domestic offshore wind projects.
Baosheng Science and Technology Innovation (600973.SH): Yangtze Optical Fibre and Cable Joint Stock plans to acquire a 30% equity stake in Baosheng Submarine Cable for 0.583 billion yuan.
Baosheng Science and Technology Innovation (600973.SH) announced that it will publicly list and transfer 30% equity of its subsidiary, Baosheng (Yangzhou) Ocean Engineering Cable Co., Ltd. (hereinafter referred to as 'Baosheng Ocean Cable' or 'the target company'), on the Beijing Equity Exchange. After review by the Beijing Equity Exchange and confirmation by the company, it was determined that the target equity would be transferred to Yangtze Optical Fibre and Cable Joint Stock (hereinafter referred to as 'Yangtze Optical Fibre') and that a 'Property Transaction Agreement' and an 'Equity Transfer Agreement' would be signed with Yangtze Optical Fibre for a transaction price of 582.7977 million yuan.
Baosheng Co., Ltd.: 2024 Semi-Annual Report
Baosheng Co., Ltd.: 2024 Semi-Annual Report Summary
Baosheng Science and Technology Innovation (600973.SH) released its semi-annual performance report, with a net income of 18.6578 million yuan, a year-on-year decrease of 68.94%.
Baosheng Science and Technology Innovation (600973.SH) disclosed its 2024 interim report, during which the company achieved revenue of 2...
Baosheng Science and Technology InnovationLtd (SHSE:600973) May Have Issues Allocating Its CapitalNo Data
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