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Can Wetown Electric Group Co., Ltd. (SHSE:688226) Maintain Its Strong Returns?
Intensifying the layout of the energy storage Business, Weidong Electric plans to acquire 51% equity of Zhongmin Guangfu.
① Wu Bo stated that the company plans to add an annual production capacity of 5GWh for energy storage systems, with products primarily used in wind and solar power generation within electrical utility systems. The company's existing partnerships within the electrical utilities sector, including with Goldwind Science& Technology, are advantageous for market expansion; ② As of Q1, the 232kWh commercial and industrial energy storage system, large-capacity grid source measurement and energy storage system, and EMS grid connection energy management system developed by the company have achieved multiple project deliveries.
Weiteng Electric (688226.SH): A subsidiary plans to acquire a 51% stake in China Minmetals Guangfu held by its jointly-owned subsidiary Changhao New Energy.
On December 12, Gelonghui reported that Weiten Electric (688226.SH) announced that according to the company's Global Strategy planning, it is steadily expanding its Energy Business. Not only is it accelerating market pace in the fields of Energy equipment research and integration, but it is also accelerating progress in investment, construction, and operation and maintenance of Energy stations. Based on sufficient research and assessment of Zhongmin Guangfu, the existing 200MW/400MWh Energy station project is currently under construction. Through this acquisition, it is beneficial for the company to accelerate the transition from equipment research and manufacturing to the full industry model of Energy station investment and Operation. Weiten Energy Technology intends to use its own funds of 2.65 million yuan to acquire the public.
Weimeng Electric (688226.SH): elected Jiang Wengong as the director.
On November 21, Gelunhui reported that Weiteng Electric (688226.SH) announced that on November 20, 2024, the company held the first meeting of the fourth board of directors, deliberating and passing the "Proposal on Electing the Chairman of the Fourth Board of Directors of the Company". All directors unanimously agreed to elect Jiang Wengong as the Chairman of the Fourth Board of Directors of the company, with a term of three years, from the date of approval at the first meeting of the fourth board of directors until the expiration of the term of the fourth board of directors.
Wetown Electric Group (SHSE:688226) Hasn't Managed To Accelerate Its Returns
Weiteng Electric: Weiteng Electric Group Co., Ltd. Third Quarter Report 2024
Is Wetown Electric Group Co., Ltd.'s (SHSE:688226) ROE Of 11% Impressive?
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