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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.
Capital Allocation Trends At Chongqing Wangbian Electric (Group) (SHSE:603191) Aren't Ideal
Guosen Securities: New elements and new models reshape the underlying logic, and investment in distribution networks is expected to usher in a new cycle.
New models such as electrical utilities trading, virtual power plants, demand-side response, etc. have led to complex and frequent interactions between users and the distribution network in terms of energy, data, and instructions, reconstructing the operational logic of the distribution network.
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