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Shanghai Sinotec (603121.SH) plans to transfer the shares of Weixin Titanium Fund for 0 yuan, continuously focusing on its main business.
Shanghai Sinotec (603121.SH) announced that on March 4, 2025, the company signed a "Contract" with Wan Liujun.
Shanghai Sinotec (603121.SH): Transfer of shares in the industrial investment Fund involved in the subscription.
On March 4, Gelonghui announced that Shanghai Sinotec (603121.SH) signed the "Partnership Equity Transfer Agreement" with Wan Liujun on March 4, 2025, stipulating that the company would transfer its 6 million shares in the Weixin Titanium Fund, which have not yet been completely paid, to Wan Liujun for RMB 0. After the completion of the transfer of the above-mentioned property shares, the company will hold 14 million shares in the Weixin Titanium Fund.
Shanghai Sinotec (603121.SH): The Business in related fields is still in the research and development stage and has not generated sales revenue.
Gelonghui reported on February 27 that Shanghai Sinotec (603121.SH) announced that its wholly-owned subsidiary, which focuses on Siasun Robot&Automation, has not yet been established. The company's Business in related fields is still in the research and development stage, with uncertainties remaining and no sales revenue generated, which will not have a significant impact on the company's performance. Currently, the company's overall production and Operation are relatively stable, with no major changes in its main Business.
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Shanghai Sinotec (603121.SH): Actively promoting the expansion of cooperation with BYD's intelligent driving Business in areas such as Sensors and auto chips.
On February 14th, according to the investor interaction platform, Shanghai Sinotec (603121.SH) stated that the company is a supplier for BYD. The company's Sensor division has already received the designation for relevant Sensor projects from BYD. The company's powertrain division is a secondary supplier for BYD, providing exhaust valves for BYD's 1.5T DMI models, along with intermediate shells and Other Products. With the advancement of BYD's intelligent driving equality Global Strategy, the company is also actively promoting collaboration in the areas of Sensors and automotive chips with BYD's intelligent driving business.
Are Shanghai Sinotec Co., Ltd.'s (SHSE:603121) Mixed Financials The Reason For Its Gloomy Performance on The Stock Market?
