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ADD Industry Zhejiang to Boost Thai Subsidiary's Capital by 70 Million Yuan
Add Industry (Zhejiang) Co. (603089.SH): The company and its wholly-owned subsidiaries plan to jointly increase the capital of Add Thailand Company by 0.33 billion baht.
On September 13th, Add Industry (Zhejiang) Co., Ltd. (603089.SH) announced that, according to the global strategy of its overseas operation, the company and its wholly-owned subsidiary Ningbo Hongyu Industry Co., Ltd. (referred to as Ningbo Hongyu Company) plan to jointly increase the capital of Zhejiang Thailand Company by 330 million Thai Baht. After this capital increase, the total investment will increase to 480 million Thai Baht, and the equity structure will remain unchanged.
Half-year report for the year 2024.
Summary of Half-Year Report in 2024.
Add Industry (603089.SH): The net income in the first half of the year was 22.7598 million yuan, a year-on-year decrease of 25.47%.
GeLongHui August 22 | Add Industry (603089.SH) released its semi-annual report. During the reporting period, the company achieved revenue of 971.2039 million yuan, an increase of 26.61% year-on-year; the net income attributable to shareholders of the listed company was 22.7598 million yuan, a decrease of 25.47% year-on-year. To meet market demand, break through production capacity bottlenecks, the company actively expanded the capacity of suspension system shock absorbers and fully created the Add Intelligent Manufacturing Park project. As of the end of the reporting period, the intelligent manufacturing park has formed a certain capacity growth, and it is expected to continue to improve in the second half of the year. While expanding production capacity, the Add Intelligent Manufacturing Park project will also produce
ADD Industry's Board OKs Share Issuance Plan
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