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Shanghai Baolong Automotive (SHSE:603197) Sheds CN¥783m, Company Earnings and Investor Returns Have Been Trending Downwards for Past Three Years
Shanghai Baolong Automotive Corporation (603197.SH): Two executives plan to reduce their shareholding.
On December 31, Gelonghui reported that Mr. Yin Shufei plans to reduce his holding of company shares through centralized bidding, with a total of up to 100,000 shares, accounting for no more than 0.05% of the company's current total share capital; Mr. Wen Jianfeng plans to reduce his holding of company shares through centralized bidding, with a total of up to 181,100 shares, accounting for no more than 0.09% of the company's current total share capital. The above shareholding plan period is three months from fifteen trading days after the announcement is disclosed, and the reduction price will be determined at market price.
China Merchants: The Autos air suspension Industry combines stability and growth, with market penetration expected to continue increasing.
Domestic air suspension solutions are becoming mature, and in the future, air suspension will gradually spread from high-end luxury vehicles to mid-range models, with market demand continuing to grow.
Highlighting Shanghai Baolong Automotive And 2 Other Top Growth Stocks With Insider Ownership
Here's What's Concerning About Shanghai Baolong Automotive's (SHSE:603197) Returns On Capital
Shanghai Baolong Automotive Corporation (603197.SH): Plans to increase investment in its subsidiary to implement fundraising projects.
Gelonghui December 3rd 丨 Shanghai Baolong Automotive Corporation (603197.SH) announced that according to the plan for the use of funds for this investment project, the implementation body of the investment project 'Air Suspension System Intelligent Manufacturing Expansion Project' is the company's wholly-owned subsidiary Hefei Baolong, wholly-owned subsidiaries Anhui Longwei, and Top Science. In order to ensure the smooth implementation of the investment project, the company plans to use the raised funds to increase the capital of its wholly-owned subsidiaries Hefei Baolong and Ningguo Baolong by 450 million yuan and 355 million yuan respectively, and through its wholly-owned subsidiary Ningguo Baolong, use the raised funds to increase the capital of its wholly-owned subsidiaries Anhui Longwei and Top Science by 27 million yuan each.
Could The Market Be Wrong About Shanghai Baolong Automotive Corporation (SHSE:603197) Given Its Attractive Financial Prospects?
