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Wangbian Electric (603191.SH): Expected that export Orders for power distribution and control equipment will further increase in 2025.
On December 23, Gelonghui reported that Wang Bian Electric (603191.SH) disclosed the investor relations activity record form, indicating that since the beginning of 2024, the company's power distribution sector has signed multiple export project contracts with a total amount of nearly 50 million yuan; in 2023, Yun Bian signed a contract worth over 38 million yuan for the export project of the 653 km Ma Dong Railroads traction transformer to Malaysia; the group’s export products include specialized traction transformers for Railroads, various types of transformers, and smart low and high voltage complete switchgear, covering multiple countries including Malaysia, Laos, Tanzania, and Sri Lanka. In the later stages, the company’s power distribution and control equipment will focus on Yun Bian.
Wangbian Electric (603191.SH): The 80,000-ton high-end magnetic New Materials project has been fully launched in June.
On December 23, Glonghui reported that Wangbian Electric (603191.SH) disclosed the investor relations activity record, showing that the 80,000-ton high-end magnetic New Materials project will be fully put into production by June 2024. As of now, the project's production is stable and has reached its designed capacity, with the output ratio of grades 85 and above continuing to increase.
Wangbian Electric: Some fundraising project purposes were changed without following procedures and were ordered to correct. Plans to permanently adjust project purposes | Quick read announcement.
①At the beginning of this month, Electric Power Energy expected to receive an administrative supervision measure decision from the Chongqing Securities Regulatory Bureau, ordering rectification, as the office building in the investment project was not used as planned. ②The company issued a rectification report this evening, stating that the company plans to permanently adjust the project's office building for use by the personnel of the company's group headquarters.
Wangbian Electric (603191.SH): Received the administrative supervision measure decision from the chongqing Regulatory Bureau.
Gelonghui November 1st, Wangbian Electric (603191.SH) announced that the company recently received the Administrative Regulatory Measures Decision issued by the Chongqing Regulatory Bureau of the China Securities Regulatory Commission (referred to as "Chongqing Regulatory Bureau") regarding the Decision on Ordering Corrective Measures for Chongqing Wangbian Electric(Group) Co., Ltd. ([2024] No. 34).
Third Quarter Report 2024
Wangbian Electric (603191.SH): The net income in the first three quarters was 53.71 million yuan, a year-on-year decrease of 75.11%.
On October 29, Wanneng Electric (603191.SH) released its third quarter report. The revenue for the first three quarters was 2.374 billion yuan, a year-on-year increase of 20.61%. The net income was 53.71 million yuan, a year-on-year decrease of 75.11%, with a non-GAAP net income of 31.64 million yuan, a year-on-year decrease of 85.22%, and earnings per share of 0.16 yuan.
Are Strong Financial Prospects The Force That Is Driving The Momentum In Chongqing Wangbian Electric (Group) Corp., Ltd.'s SHSE:603191) Stock?
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