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Express News | Weiteng Electric ABB China established a busbar company with a registered capital of 80 million yuan.
Express News | More than 20 A-share listed companies disclosed their latest merger and acquisition announcements this week. Dark Horse Technology Group intends to purchase 100% equity of Banxintong.
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.
Express News | Weiteng Electric: A wholly-owned subsidiary plans to acquire 51% equity of Zhongmin Guangfu for 2.65 million yuan.
Wisdom Electric (688226.SH): elected Jiang Wengong as the chairman of the board.
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, deliberated and passed the resolution on the election of the chairman of the fourth board of directors. All directors agreed to elect Jiang Wengong as the chairman of the fourth board of directors of the company for 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.
WeTen Electric (688226) 2024 third-quarter report review: Q3 performance under pressure, collaborating with ABB to strengthen the competitiveness of busbars.
On October 28, 2024, the company released the third quarterly report for 2024. In Q1-Q3 2024, the company achieved revenue of 2.745 billion yuan, a year-on-year increase of +36.73%, and achieved a net income attributable to the parent company of 0.109 billion yuan.