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Sine Electric: Third Quarter Report 2024
Third Quarter Report 2024
Zhengxin Electric (688395.SH) plans to acquire Tenghe Electric Machine and upgrade its production, achieving rapid self-production of servo motors.
Sinexcel (688395.SH) announced that the company plans to change the 'Production Base Technological Transformation and Expansion Project' (planned investment in gold...
Sinexcel Electric (688395.SH): Intends to change the 'production base technical transformation and expansion project'.
On September 30, GeLongHui announced that ZhengXian Electric (688395.SH) plans to use the unused raised funds of 104.6237 million yuan for the 'Production Base Technological Transformation and Expansion Project' to acquire 100% equity of Tenghe Precision Electric Machine (Suzhou) Co., Ltd., owned by Yao Cheng, Yao Peide, and Jiang Jianming, and to upgrade the production of Tenghe Electric Machine. The total transaction price for 100% equity of Tenghe Electric Machine is 42.56 million yuan, for the 'Tenghe Electric Machine Production Upgrade Project'.
Sinewave Electric (688395.SH): The company currently has no plans to build factories overseas.
Zhengxian Electric (688395.SH) recently stated during a reception for institutional investors that the company currently has no plans to build factories overseas. In the future, the possibility of building factories overseas will be comprehensively assessed based on factors such as the scale of overseas business, commercial policies, and financial strength.
Sinus Electric (688395.SH): Currently, the overseas market is mainly distributed in Southeast Asia and other regions.
Sinus Electric (688395.SH) recently stated during a reception for institutional investors that in the first half of 2024, some customers in the overseas market have started to deliver batch or small batch orders. At the same time, new breakthroughs have been made in some key markets by improving the channel layout, resulting in significant growth in sales revenue compared to the same period last year, although the overall sales volume remains small. Currently, the overseas market is mainly distributed in Southeast Asia, India, the Middle East, Africa, and the Commonwealth of Independent States.
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