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Express News | Luoyang Xinqianglian Slewing Bearing: Received the administrative supervision measures decision document from the Henan Securities Regulatory Bureau.
Express News | Luoyang Xinqianglian Slewing Bearing: Plans to postpone the "Gearbox Bearing and Precision Components Project" until June 30, 2025.
luoyang xinqianglian slewing bearing (300850.SZ): Terminating certain fundraising investment projects and permanently supplementing the remaining raised funds for working capital.
On December 6, Gelonghui reported that luoyang xinqianglian slewing bearing (300850.SZ) announced that the board of directors agreed to terminate the project "R&D Center Construction Project" for raising funds through the issuance of stocks to specific entities in 2021, and the remaining raised funds of 20.6604 million yuan (subject to the actual amount after bank interest calculation on the date of fund transfer) will be permanently added to the working capital for the company's daily production operation and business development.
Luoyang Xinqianglian Slewing Bearing (300850): The turning point of Q3 performance has arrived, bullish on wind power installation demand growth driving continuous recovery of profitability.
Investment Highlights Q3 Performance turned around on a quarter-on-quarter basis, reaching a turning point: The company achieved revenue of 1.965 billion yuan in the first three quarters of 2024, a year-on-year decrease of 6.06%. Among them, wind power products revenue was 1.35 billion yuan, a year-on-year decrease of 6.96%.
Luoyang Xinqianglian Slewing Bearing (300850.SZ): Currently, the capacity utilization rate is relatively high, with sufficient orders in hand for production.
Gelonghui November 12th | Luoyang Xinqianglian Slewing Bearing (300850.SZ) accepted a specific object investigation on November 12, 2024, regarding the "company's production capacity and order situation?" The company stated that the current production capacity utilization rate is high, with sufficient orders in hand, downstream customer demand feedback is positive for 2025, and the company will optimize production lines, improve processes, and explore production capacity to meet customer delivery requirements based on delivery progress.
luoyang xinqianglian slewing bearing (300850.SZ): The research and development of gearbox bearing products is progressing smoothly, with small-scale shipments expected in 2025.
On November 12, Gelunhui reported that Luoyang Xinqianglian (300850.SZ) accepted a specific target investigation on November 12, 2024, regarding the "gearbox bearing research and development progress, customer development situation, and 2025 shipment guidance." The company stated that the research and development progress of gearbox bearing products is smooth, currently in the stage of technical communication and prototype development with potential cooperating customers, and has already delivered prototypes to some downstream customers for on-site verification; due to cautious product validation by customers, it is expected to have small-scale shipments in 2025.
