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Zhejiang Chint Electrics Subsidiary to Invest in Yuexiu Yongyuan Fund
Zhejiang Chint Electrics (601877.SH): A subsidiary plans to invest no more than 50 million yuan to establish Yuexiu Yongyuan.
On February 27, Guolonghui announced that Zhejiang Chint Electrics (601877.SH) disclosed plans to seize development opportunities in green dual carbon and information technology, optimize investment structure, and enhance investment returns. Its wholly-owned subsidiary, Chint New Energy, intends to sign a partnership agreement with other partners of Yuexiu Yongyuan for the establishment of Ningbo Yuexiu Yongyuan Private Equity Partnership (Limited Partnership). Chint New Energy plans to invest no more than 50 million yuan with self-raised funds to establish Yuexiu Yongyuan. This partnership focuses on green dual carbon and information technology, with total investment costs in the aforementioned fields not less than 6% of the overall paid-in capital of the partnership.
There's No Escaping Zhejiang Chint Electrics Co., Ltd.'s (SHSE:601877) Muted Earnings
Junwei Electronics (301458.SZ): The products have entered the supply chain systems of Sungrow Power Supply, Zhejiang Chint Electrics, Pylon Technologies, and Hangzhou Zhongheng Electric.
On February 19, Grlonghui reported that Junwei Electronics (301458.SZ) stated on the investor interaction platform that in the field of photovoltaic energy storage, the company's products have already entered the supply chain systems of Sungrow Power Supply, Zhejiang Chint Electrics, Pylon Technologies, and Hangzhou Zhongheng Electric.
We Think Zhejiang Chint Electrics (SHSE:601877) Is Taking Some Risk With Its Debt
Is Now An Opportune Moment To Examine Zhejiang Chint Electrics Co., Ltd. (SHSE:601877)?