Tongrun Equipment once again hit its daily cap and exited its 11th consecutive draw

At noon, Tongrun Equipment once again hit the daily limit, across 11 consecutive boards, with revenue of 1.281 billion yuan.

Tongrun Equipment announced on November 22 that the company’s controlling shareholder, Changshu Jack Factory, will transfer approximately 107 million shares of the company (equivalent to 29.99% of the company’s total share capital) held by it through a transfer agreement to the total price of 1.02 billion yuan A Chint Electric. The company acquired Chint Electric’s photovoltaic inverter and energy storage business for cash consideration. This acquisition is expected to constitute a major asset reorganization of listed companies stipulated in the “Administrative Measures for Major Asset Reorganization of Listed Companies”, but they do not constitute a rearrangement and a list.

Tongrun Equipment responded to the Shenzhen Stock Exchange’s letter of concern on the evening of Nov. 30, saying that the company’s solar inverter and energy storage business it intends to acquire is controlling Shanghai Chint Power. The main business of Shanghai Chint Power is the research and development, production and sales of photovoltaic inverters and energy storage system equipment. The company intends to sell the power transmission and distribution control equipment industry. The main products include high voltage complete switchgear, medium and low voltage complete switchgear, high and low voltage switching components and control equipment, etc . After this transaction, based on the continuous expansion and strengthening of the original core business, the company will vigorously promote the integration of resources between the existing business and the PV inverter and energy storage systems business. The main financial indicators of the power transmission and distribution control equipment business that the company intends to sell account for no more than 20% of the corresponding indicators of the listed company, and the net assets of the photovoltaic inverter and energy storage business a be injected are about the corresponding indicators of the company.20% of. The company’s core business does not constitute a fundamental change.

According to public information, the main business of Tongrun Equipment is the business of metal tool boxes and cabinets, electromechanical sheet metal, and power transmission and distribution control equipment.

In financial terms, the main operating income of Tongrun Equipment in the third quarter of this year was 402 million yuan, a year-on-year decrease of 17.62%; single-quarter net profit attributable to the parent company was 43.4145 million yuan, a year on year decrease of 4.31%.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent News

Editor's Pick