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Jinan Shengquan Group to Invest 1.8 Billion Yuan in Wind Power Project
Shengquan Group (605589.SH): A subsidiary plans to invest 1.78 billion yuan to construct the Du'erbert Nanyang 300MW wind power project.
Gelonghui, February 25 │ Shengquan Group (605589.SH) announced that, in accordance with the company's Global Strategy, to promote the transformation and upgrading of the enterprise and enhance the company's market competitiveness, its subsidiary Daqing Shengquan Green Wind Power Co., Ltd. plans to invest 1.78 billion yuan to construct the Du'erbu Te Nanyang 300MW wind power project.
Research Reports Gold Digging丨Zhongtai: Initiated a 'Buy' rating for Shengquan Group, expected to open up long-term growth potential.
Zhongtai's Research Reports indicate that Shengquan Group (605589.SH), as a leading enterprise in synthetic Resin, has stable profit contributions from traditional phenolic and casting Resin materials and is making multi-faceted efforts in electronic Chemicals, biomass chemicals, and New energy Fund materials, which are expected to open up long-term growth opportunities. This is the first coverage, with a "Buy" rating assigned. From 2010 to 2023, the company's revenue grew from 3.06 billion to 9.12 billion, with a CAGR of +8.8%; net profit attributable to the parent company rose from 0.26 billion to 0.79 billion, with a CAGR of +9.0%. The company's R&D expense ratio has consistently stayed between 4%-5%, and the number of R&D personnel in 2023.
Shengquan Group (605589.SH): has repurchased 1.85% of its shares cumulatively.
On February 5, Gelonghui reported that Shengquan Group (605589.SH) announced that as of the end of January 2025, the company had repurchased a total of 15,699,567 shares, accounting for 1.85% of the company's current total share capital. The highest transaction price was 26.38 yuan/share, and the lowest transaction price was 21.62 yuan/share, with a total amount paid of 369,834,329.39 yuan (excluding stamp duty and transaction commissions).
SWHY: AI Server drives innovation in material demand, high-frequency and high-speed Resin accelerates volume release.
Looking ahead, under the pursuit of better dielectric performance, emerging electronic Resin materials such as hydrocarbon Resin ODV and polytetrafluoroethylene Resin PTFE are seen as important directions for development, and adding these in higher-grade CCL will be rapidly enhanced.
Is Jinan Shengquan Group Share Holding Co., Ltd.'s (SHSE:605589) Latest Stock Performance A Reflection Of Its Financial Health?
Here's What's Concerning About Jinan Shengquan Group Share Holding's (SHSE:605589) Returns On Capital
