NanJing Public Utilities Development frequently takes action to transform, will the battery-swapping Technology company Yugu reach the public market through a curve? | Quick reading of the announcement.
① NanJing Public Utilities Development plans to acquire YuGu Technology, whose main Business provides battery swapping services for delivery riders, having halted its IPO process six months ago; ② In recent years, while YuGu Technology's revenue has grown, its gross margin has continued to decline, and NanJing Public Utilities Development has fallen into a loss trap; ③ NanJing Public Utilities Development is frequently acquiring external Assets to accelerate its transformation towards New energy Fund, and recently acquired NanJing Energy Network.
Hong Kong, Macao, and foreign tourist groups can enjoy a 144-hour visa-free entry to hainan, which can help boost consumer return and promote the recovery of related enterprises' performance.
The National Immigration Administration has announced the implementation of a 144-hour visa-free policy for foreign tourist groups entering Hainan from Hong Kong and Macao starting July 30, 2024. According to data from Ctrip's overseas platform, inbound tourism orders to Hainan Province have increased by 84% year-on-year, with hotel and airline orders increasing nearly 80%.
Triggering a surge in the limit-up trend, Shanghai State-owned Enterprise Reform Stock has shown its outstanding performance! The 'Double-qualified' leading stock has achieved 7 consecutive daily limit-up.
Today, concept stocks related to the state-owned enterprise reform in Shanghai are performing well. As of the time of writing, Shanghai Jin Jiang Online Network Service has consecutively hit its daily limit for 7 days, while Shanghai Foreign Service Holding Group, Shanghai Fudan Forward S&T, Shanghai Material Trading, Shanghai Jiao Yun Group, and Y.U.D. Yangtze River Investment Industry have all also reached their daily limit.
Shanghai is promoting the renewal of auto consumption, and the second-hand car market is expected to usher in high-speed growth.
Shanghai has released the "Action Plan for Accelerating Automobile Renewal Consumer (2024-2027) in Shanghai", which specifies that the average age of second-hand cars in Shanghai will be reduced by one year by 2027. The volume of second-hand car transactions will reach 0.9 million units, an increase of 50% compared to 2023.
A new player joins the battery recycling industry. Nanjing Public Utilities Development and Ganfeng Lithium jointly build a huge project. Numerous A-share companies are competing to lay out.
Nanjing Public Utilities Development signed a strategic cooperation agreement with Ganfeng Lithium and Nanjing Environmental Group, planning to invest in and build a 0.3 million ton waste battery recycling base in Jiangsu Province. This is the first time Nanjing Public Utilities Development has entered this business field, and the planned scale of the base is among the top in the country and already exceeds the existing scale of Ganfeng Lithium. The first outbreak period of the battery retirement wave is imminent, and this year, many companies have accelerated their layout of the battery recycling business.
What are the prospects for Haiqi Group's transformation due to an estimated 5 billion yuan acquisition of HNA's tax exemption performance falling short of expectations due to “price reduction”?
① Haiqi Group plans to acquire 100% of HNA's tax-free shares for 2,037 billion yuan. The purchase price is more than “lower” than the initial valuation of 5.02 billion yuan. ② Regarding the reduction in the purchase price, it was mentioned many times in the reasons revealed in the relevant announcement of the Haiqi Group that “the target company's operating performance fell short of expectations.” ③ The reporter also noticed that the target value of the latest performance commitment made by the target company has been drastically reduced.