These 4 Measures Indicate That Olympic Circuit Technology (SHSE:603920) Is Using Debt Safely

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved

Simply Wall StJul 20 20:56 ET

Olympic Circuit Technology (603920.SH): The actual controlling shareholder is planned to be changed to the State-owned Assets Supervision and Administration Commission of Shunde District.

On July 8th, Grail Circuit Technology (603920.SH) announced that its controlling shareholder, New Hao International, and actual controller She Yingjie signed a "Share Transfer Agreement" with Shun Kong Holdings. New Hao International transferred its 170,546,596 non-restricted shares of Olympic Circuit Technology, accounting for 25.90% of its total share capital, at a price of RMB 3,445,041,239.20 or RMB 20.20 per share. In addition, on July 5, 2024, New Hao International and She Yingjie issued a statement that they will not seek to control Guangdong Olympic Circuit Technology Co., Ltd.

Gelonghui FinanceJul 8 08:34 ET

Has Olympic Circuit Technology Co., Ltd's (SHSE:603920) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

Most readers would already be aware that Olympic Circuit Technology's (SHSE:603920) stock increased significantly by 21% over the past month. Given that stock prices are usually aligned with a compa

Simply Wall StJul 4 18:36 ET

Olympic Circuit Technology's mid-year performance is expected to increase in 2024.

Sensex a shareJul 3 12:00 ET · Announcements

Glory announcement selection | Sansure Biotech Inc.: It is expected that the net income for the first half of the year will increase by 64% to 80% year-on-year; Olympic Circuit Technology: Net income for the first half of the year is expected to increase

Investment project: Hunan New Wellful (600975.SH) plans to invest RMB 279 million in the construction of a new quality factory for the production of 600,000 tons of pig fodder annually at Chengzhou Tianxin Biotechnology Co., Ltd. Hunan New Wellful (600975.SH) announced that, to further improve the pig industry chain, ensure the supply of supporting feed for the company's breeding farms, and reduce the production and logistics transportation costs of feed, Chengzhou Tianxin, a wholly-owned subsidiary of Tianxin Seeds, plans to invest in the construction of a new quality factory for the production of 600,000 tons of pig feed annually at Chengzhou Tianxin Biotechnology Co., Ltd. The total construction area of the project is approximately 90.57 mu. The total investment of the project is 270 million yuan.

Gelonghui FinanceJul 3 10:00 ET

Olympic Circuit Technology (603920.SH): The net income in the first half of the year is expected to increase by 40.34% to 60.75%.

On July 3, GeLonghui announced that Olympic Circuit Technology (603920.SH) released its performance report for the first half of 2024, expecting a net income attributable to shareholders of the listed company of 275 million yuan to 315 million yuan, an increase of 79.0425 million yuan to 119.0425 million yuan compared with the same period last year, a year-on-year increase of 40.34% to 60.75%. It is expected that the net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, will be between 270 million yuan and 310 million yuan for the first half of 2024, compared with the same period last year.

Gelonghui FinanceJul 3 08:28 ET