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Changgao Electric Group (002452.SZ): The controlling subsidiary Changgao New Materials plans to liquidate and deregister.
Gelonghui, January 6th丨Changgao Electric Group (002452.SZ) announced that in accordance with the company's focus on its core business global strategy, to further optimize the management structure, reduce management costs, and improve operation efficiency, Changgao Electric Group held the 17th meeting of the 6th Board of Directors on January 6, 2025, which reviewed and approved the proposal for the liquidation and cancellation application of the controlling subsidiary. The controlling subsidiary, Hunan Changgao New Materials Co., Ltd. (referred to as "Changgao New Materials"), intends to dissolve and liquidate and cancel according to law, and the Board of Directors authorized the company management to handle the relevant liquidation and cancellation matters according to law.
Changgao Electric Group (002452): The leading high-voltage isolating switch GIS and distribution network equipment are expected to continuously contribute incremental growth.
Investment highlights include over thirty years of deep cultivation in Electrical Utilities and Energy, with continuous optimization of the Business layout. The company focuses on "Electrical" as the core, concentrating on the manufacturing of transmission and transformation equipment and power design and engineering services in two main Sectors. From 2020 to 2023, the company's total operating revenue was respectively 1.
Express News | Cinda Securities: This year is expected to be a major year for grid investment, and the sector has relatively good investment opportunities.
Changgao Electric Group (002452): A well-established company in switchgear equipment is expected to benefit from investments in both the main grid and the distribution network.
A well-established company in the switchgear industry, with products targeting the main grid and distribution network markets. The company is a veteran enterprise in the domestic isolating switch sector, and through acquisitions, it has expanded its business in combination electrical appliances and complete equipment, covering all stages of generation, transmission, transformation, and distribution. Power equipment is the company's core business, along with coverage of related sectors.
Changgao Electric Group Subsidiaries Win Bids for 227 Million Yuan
Express News | Changgao Electric Group: Subsidiary won the bid for a 0.227 billion yuan State Grid project.
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