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Fengfan Wins 251 Billion Yuan Bid for Electrical Transmission Equipment, Towers
Changshu Fengfan Power Equipment (601700.SH): Won the bid for a 0.251 billion yuan State Grid project.
On March 11, Glonghui reported that Changshu Fengfan Power Equipment (601700.SH) announced that the State Grid Corporation of China published the "Bid Announcement for the First Batch of Procurement by the State Grid Corporation of China in 2025 (First Bidding for Transmission and Transformation Project Line Installation Materials)" and the "Bid Announcement for the Second Batch of Procurement by the State Grid Corporation of China in 2025 (First Bidding for Ultra High Pressure Project Materials)" on its E-Commerce platform. In the activities for the first batch of procurement by the State Grid Corporation of China in 2025 (First Bidding for Transmission and Transformation Project Line Installation Materials), Changshu Fengfan Power Equipment Co., Ltd. is responsible for Package 2.
Changshu Fengfan Power Equipment (601700.SH): First repurchased 0.6823 million shares.
Gelonghui, March 5th丨Changshu Fengfan Power Equipment (601700.SH) announced that the company has conducted its first share buyback through a dedicated securities repurchase account via centralized bidding, with the number of shares bought back being 682,300, accounting for 0.0597% of the company's current total equity. The highest Fill Price was 4.48 yuan per share, the lowest Fill Price was 4.45 yuan per share, and the total transaction amount was 3,047,241 yuan (excluding transaction fees).
Fengfan Co., Ltd. 2024 annual results forecast
Changshu Fengfan Power Equipment (601700.SH): The net income for 2024 is expected to increase by 59.98% to 89.07%.
On January 24, Gelonghui reported that Changshu Fengfan Power Equipment (601700.SH) announced the earnings forecast for 2024. According to preliminary calculations by the financial department, it is expected that the net income attributable to the parent company's shareholders for the year 2024 will be between 110 million yuan and 130 million yuan, which represents an increase of 41.2415 million yuan to 61.2415 million yuan compared to the same period last year, a year-on-year increase of 59.98% to 89.07%. It is expected that the net income attributable to the parent company's shareholders, excluding non-recurring gains and losses, will be between 40 million yuan and 50 million yuan, compared to the same period last year.
Changshu Fengfan Power Equipment's Cambodian Client Proposes Restructure of $42 Million Debt
Lacklustre Performance Is Driving Changshu Fengfan Power Equipment Co., Ltd.'s (SHSE:601700) 25% Price Drop