00658 C TRANSMISSION
- 0.840
- -0.020-2.33%
C TRANSMISSION News
China High Speed Transmission Equipment Says Units Owed 6.64 Billion Yuan in Outstanding Receivables, Prepayments
Hong Kong Market Wrap: Hong Kong stocks fell slightly, with the Hang Seng Index down 0.41%; biotechnology stocks rose, with Akeso up more than 6%; AI application concept stocks continued to surge, Mobvista rose over 10%.
Network technology stocks generally fell, Kuaishou-W up 4.51%, JD.com Group-SW down 3.05%; Apple supplier stocks rose, AAC Tech up 6.86%, Q Tech up 4.75%; Digital health stocks mostly declined, Za Online down 3.63%, Maitaiweikang down 2.63%.
Hong Kong stocks movement | c transmission (00658) fell nearly 13% with subsidiaries totaling over 6.6 billion yuan in receivables and prepayments unpaid.
China High Speed Transmission (00658) fell by nearly 13%, as of the time of publication, down by 12.96% to 0.94 Hong Kong dollars, with a turnover of 1.7054 million Hong Kong dollars.
Fullshare (00607.HK): Several buying and selling agreements of China High Speed (00658.HK) subsidiary have not been approved by the board of directors. An independent committee has been established to investigate.
Fullshare (00607.HK) announced that its subsidiary China High-speed Transmission (00658.HK) made an announcement of insider information yesterday (24th). Fullshare stated that several subsidiaries of China High-speed Transmission are engaged in trade business and have entered into several commodity trading agreements around 2023. As of October 31 this year, the total amount of receivables and prepayments under these agreements reached approximately 6.64 billion RMB. As of yesterday, these related payments have not been settled. Furthermore, several counterparties of these agreements have failed to settle the related payments upon maturity.
C transmission (00658) a series of overdue receivables and prepayments under several commodity purchase agreements have not been paid.
c transmission (00658) announced that the company's wholly-owned subsidiary, Nanjing High-Precision Transmission Equipment Manufacturing Group Co., Ltd...
Hong Kong stock concept tracking | Hai Feng reaches a new starting point, wind power equipment welcomes a development opportunity (with concept stocks)
On October 10th, crrc corporation's "Qihang No." 20MW floating offshore electric machine unit was successfully launched at Jiangsu Sheyang CRRC Times Green Equipment Industrial Park.
Hong Kong stock concept tracking | The wind power industry is gradually improving, wind power complete sets and parts related companies are receiving attention (with concept stocks).
The world's first wind power industry 'lighthouse factory' certification settled in China's Shaoshan·Sany Heavy Industry Blade Factory, achieving a breakthrough from 0 to 1 for the wind power industry 'lighthouse factory,' marking the official entry of China's wind power blade 'smart manufacturing' into a new era.
C TRANSMISSION: INTERIM REPORT 2024
Harvesting the wool of negative electricity prices! There is a major transformation happening in the global electrical utilities market...
①Nowadays, when some consumers use electricity, they often can also earn money; ②During most of this spring and summer, Dutch resident Jeroen van Diesen has been 'rewarded' by using electricity.
Hong Kong stock concept tracking | Shanghai and other places accelerate the construction of offshore wind power, and the prosperity index of the wind power equipment industry reverses (attached concept stocks)
Domestic offshore wind bidding is accelerating, and industry prosperity is about to reverse.
The performance of China High-Speed Transmission (00658.HK) turned from a half-year profit to a loss of 0.529 billion RMB, with no dividend distributed.
China High Speed Transmission (00658.HK) announced its interim performance for the six months ending June this year, with customer contract revenue of 10.16 billion yuan (same below), a year-on-year decrease of 9.8%. The profit turned into a loss of 0.529 billion yuan, compared to a profit of 0.209 billion yuan in the same period of the previous year; with a loss of 0.323 yuan per share. No dividend will be distributed.
C TRANSMISSION: ANNOUNCEMENT OF UNAUDITED INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
CICC: Global power grid investment is resilient, reiterating long-term opportunities for going global.
China International Capital Corporation released research reports indicating that global grid investment is resilient, and going global remains an important driver for high-quality enterprises to achieve growth, reiterating the recommendation for power equipment to go global.
NDRC: By 2027, the investment scale of key areas in the energy sector is expected to increase by more than 25% compared to 2023.
The National Development and Reform Commission and the Comprehensive Department of the National Energy Administration issued a notice on the "Implementation Plan for Large-scale Equipment Renewal in Key Energy Areas". The goal is to achieve a growth of over 25% in the investment scale of key energy area equipment by 2027 compared to 2023. It will focus on promoting the "Three-step Linkage" of energy-saving transformation, heating transformation, and flexibility transformation of coal-fired power units, and achieve equipment renewal and technological transformation in the fields of power transmission and distribution, wind power, photovoltaics, and hydropower. The notice emphasizes the steady progress of hydropower equipment renewal and transformation, researching and improving the flexibility and wide load operating capacity of hydraulic turbines, exploring the potential of hydropower resources, improving the operating efficiency of old units, and increasing...
China High Speed Transmission Equipment Expects Loss in H1; Stocks Slide by 3%
China High Speed Transmission Equipment Expects to Swing to Loss for 1H >0658.HK
China High Speed Transmission Equipment Sees 1H Loss CNY530.0M >0658.HK
China High Speed Transmission (00658.HK): It is expected to incur a midterm loss of no more than 0.53 billion yuan.
China High Speed Transmission (00658.HK) announced on August 21 that for the six months ending on June 30, 2024, the net profit attributable to owners of the company was approximately RMB 0.2092 billion, compared with the same period last year. The Group expects a net loss attributable to owners of the company of not more than RMB 0.53 billion for this period. The expected loss is mainly due to a decrease in profit from the gear transmission equipment business during this period compared to the same period last year, and an increase in impairment loss allowances for accounts receivable other than the gear transmission equipment business compared to the same period last year.
C TRANSMISSION: PROFIT WARNING
China Transmission (00658.HK) plans to hold a board of directors meeting on August 28th to approve its mid-term performance.
China Transmission Holdings Limited (00658.HK) announced on August 16 that the board of directors is scheduled to hold a board meeting on Wednesday, August 28, 2024, to deal with (including) the following matters: 1. Consider and approve the unaudited interim results of the Group as at June 30, 2024; 2. Consider and approve the draft announcement of the unaudited interim results of the Group as at June 30, 2024, which must be published in accordance with the Listing Rules of The Stock Exchange of Hong Kong Limited; and 3. Discuss the interim dividend payment of the company for the six months ending on June 30, 2024 (such as.
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