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Wetown Electric Ties Up With Two Entities to Set Up 30 Million Yuan Joint Venture
Weiteng Electric (688226.SH) plans to establish a joint venture company "Shanghai Weipu Xinguang Technology Co., Ltd."
On April 11, Gelonghui reported that Weitong Electric (688226.SH) announced that in order to further achieve the company's Global Strategy goals and enhance its core competitiveness, the company plans to jointly invest with Deep Bay and Shanghai Panxing to establish "Shanghai Weipu Chip Optical Technology Co., Ltd." (subject to the registration by the market supervision and administration department), with a registered capital of 30 million yuan, of which the company will contribute 15.3 million yuan in its own funds, accounting for 51% of the registered capital of the joint venture. This cooperation investment is based on the parties' Bullish outlook on the development of silicon photonics technology and the field of optical communication products such as high-speed optical modules/packages, and they have decided to engage in close cooperation subsequently.
Weiteng Electric (688226.SH) two shareholders completed a shareholding reduction, a total reduction of 0.8% of shares.
Weiteng Electric (688226.SH) announced that the company has received a report from Weiteng Investment and Boai Investment regarding Shareholding reduction.
Viten Electric (688226.SH): The shareholding reduction plans of Viten Investment and Boai Investment have been fully implemented.
On March 27, 2025, Weiteng Electric (688226.SH) announced that it has received a notification letter regarding the Shareholding plan completion from Weiteng Investment and Boai Investment. As of March 27, 2025, Weiteng Investment has reduced its shareholding by 1.1679 million shares, accounting for 0.6224% of the company's total share capital; Boai Investment has reduced its shareholding by 0.3333 million shares, accounting for 0.1776% of the company's total share capital. This Shareholding plan has been fully implemented.
Should We Be Delighted With Wetown Electric Group Co., Ltd.'s (SHSE:688226) ROE Of 13%?
Minsheng Securities: In the electricity consumption scenario of Datacenters, the advantages of busbars are significant. Recommend Weitian Electric (688226.SH).
According to sensitivity calculations, when the penetration rate of Asia Vets small bus is 50%/70%, the market space will reach 22.7/31.8 billion yuan.
Is Wetown Electric Group Co., Ltd.'s (SHSE:688226) ROE Of 11% Impressive?
