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Capital Allocation Trends At Sinoma Energy Conservation (SHSE:603126) Aren't Ideal
Sinoma energy conservation (603126.SH): Subsidiary signs a contract worth 0.384 billion yuan.
Gelonghui, November 19th丨Sinoma Energy Conservation (603126.SH) announced that its wholly-owned subsidiary, Wuhan Building Materials Industry Design and Research Institute Co., Ltd., has signed a framework procurement contract for the EPC general contracting of the 120MWp distributed rooftop photovoltaic project phase II within the province with GuoNeng Jiangsu New Energy Development Technology Co., Ltd. The total contract amount is 0.384 billion yuan.
Sinoma Energy Conservation (603126.SH): Won the bid for the EPC general contract framework procurement project of 0.384 billion yuan photovoltaic project.
Gelonghui November 11th丨Sinoma Energy Conservation (603126.SH) announced that its wholly-owned subsidiary Wuhan Building Materials Industrial Design Research Institute Co., Ltd. (referred to as "Wuhan Building Materials Institute") received the "Bid Winning Notice" from State Energy Group International Engineering Consultation Co., Ltd., in the public bidding of the EPC general contracting framework procurement project for the second phase of 120MWp distributed rooftop photovoltaic project of State Power Jiangsu New Energy Technology Development Co., Ltd. (referred to as "State Power Jiangsu New Energy Company") within the province. Wuhan Building Materials Institute was confirmed as the winning bidder, and the contract amount of the winning bid project is RMB 0.384 billion.
Sinoma Energy Conservation (603126.SH): Currently, there are no plans for share buyback or assets restructuring.
Growth Enterprise reports on November 7th that Sinoma Energy Conservation (603126.SH) stated on the investor interaction platform that the company currently has no share buyback or assets restructuring plans. If there are any relevant plans in the future, the company will strictly comply with the requirements of relevant laws and regulations to fulfill its disclosure obligations.
We Think That There Are More Issues For Sinoma Energy Conservation (SHSE:603126) Than Just Sluggish Earnings
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