CHINA GREEN Electric (000537.SZ) establishes a subsidiary, CHINA GREEN Electric (Lingwu City) New Energy Optimization Company, to optimize the company's strategic layout.

17:57 03/03/2025

Zhongl Electric (000537.SZ) announced that the company will use its own funds to invest in the establishment of "Zhongl Electric (Lingwu City) New Energy..."

CHINA GREEN Electric (000537.SZ) announced that the company has invested its own funds to establish "CHINA GREEN Electric (Lingwu City) New Energy Co., Ltd." with a registered capital of 20 million yuan. On March 3, 2025, the company obtained the business license for CHINA GREEN Electric (Lingwu City) New Energy Co., Ltd. The investment in CHINA GREEN Electric (Lingwu City) New Energy Co., Ltd. aims to meet the requirements for obtaining new energy project construction quotas and subsequent professional management. This will help optimize the company's strategic layout, enhance the installed capacity of the company's new energy projects, and support the realization of the "Fourteenth Five-Year Plan" development goals. It is in line with the company's development strategy, will not have a negative impact on the company's financial situation, and is beneficial for safeguarding the interests of the company and all shareholders.

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Hon Hai's Q1 revenue increased by 29.68% compared to the same period last year. It is expected that Q2 sales will increase both sequentially and year-on-year.

EB SECURITIES: Shanghai Electric Group (02727) continues to make breakthroughs in emerging industries such as 25 years of nuclear fusion and Siasun Robot & Automation. We maintain a "buy" rating.

Guosheng Macro: Jobs in the United States show signs of improvement in March, but underlying worries remain.