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Wangbian Electric (603191.SH): has not yet been involved in Ultra High Pressure.
Gelonghui reported on December 31 that Wangbian Electric (603191.SH) stated on the investor interaction platform that, as of now, the company's products cover transformers with voltage levels below 500kV and have not yet involved Ultra High Pressure. The construction of related industries for Ultra High Pressure investment will use the company's produced transmission, distribution, and control equipment, and the end users of the company's oriented silicon Steel products also include related products.
Wangbian Electric (603191.SH): Expected that export Orders for power distribution and control equipment will further increase in 2025.
On December 23, Gelonghui reported that Wangbian Electric (603191.SH) disclosed the investor relations activity record sheet showing that the company's power transmission and distribution segment has signed multiple export project contracts since the beginning of 2024, with a total amount of nearly 50 million yuan; in 2023, Yunbian signed an export project contract worth over 38 million yuan for the Malaysia 653km Madoong Railroads traction transformer export project; the group's exported products include special traction transformers for Railroads, Other types of transformers, and high and low voltage Asia Vets complete switchgear, covering multiple countries such as Malaysia, Laos, Tanzania, and Sri Lanka. In the future, the company's power transmission and distribution and control equipment will focus on Yunbian.
Wangbian Electric (603191.SH): The 80,000-ton high-end magnetic New Materials project has been fully launched in June.
On December 23, Glonghui reported that Wangbian Electric (603191.SH) disclosed the investor relations activity record, showing that the 80,000-ton high-end magnetic New Materials project will be fully put into production by June 2024. As of now, the project's production is stable and has reached its designed capacity, with the output ratio of grades 85 and above continuing to increase.
Wangbian Electric: Some fundraising project purposes were changed without following procedures and were ordered to correct. Plans to permanently adjust project purposes | Quick read announcement.
①At the beginning of this month, Bendianqi received an administrative regulatory measure decision from the Chongqing Securities Regulatory Bureau ordering correction, due to the office building in the investment project not being used as planned. ②The company released a rectification report tonight, stating that the company plans to permanently adjust the office building of the project for use by personnel of the company's group management headquarters.
Wangbian Electric (603191.SH): Received the administrative supervision measures decision from the Chongqing Regulatory Bureau.
Gelonghui November 1st | Wangbian Electric (603191.SH) announced that the company recently received the administrative supervision measure decision letter issued by the Chongqing Regulatory Bureau of the China Securities Regulatory Commission (referred to as the "Chongqing Regulatory Bureau") "Decision on Imposing Corrective Measures on Chongqing Wangbian Electric (Group) Co., Ltd. ([2024] No. 34)."
Third Quarter Report 2024
