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    603985   CNE100002XL0

JIANGYIN HENGRUN HEAVY INDUSTRIES CO., LTD

(603985)
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End-of-day quote Shanghai Stock Exchange  -  05-23
26.59 CNY   -5.27%
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Shanghai Chuangjian Investment Center (Limited Partnership), Zhuji Zhonghe Youchuang Enterprise Management Consulting Partnership (Limited Partnership) and Shenzhen Xinhe Hongtai Investment Consulting Partnership (Limited Partnership) acquired 43.6996% stake in Yinniu Microelectronics Co., Ltd. from Jiangyin Hengrun Heavy Industries Co., Ltd for CNY 47.6 million.

12/10/2021 EDT

Shanghai Chuangjian Investment Center (Limited Partnership), Zhuji Zhonghe Youchuang Enterprise Management Consulting Partnership (Limited Partnership) and Shenzhen Xinhe Hongtai Investment Consulting Partnership (Limited Partnership) signed the Equity Transfer Agreement to acquire 43.6996% stake in Yinniu Microelectronics (Wuxi) Co., Ltd. from Jiangyin Hengrun Heavy Industries Co., Ltd (SHSE:603985) for CNY 47.6 million on October 27, 2021. Jiangyin Hengrun Heavy Industries agreed to transfer to Shanghai Chuangjian Investment Center (Limited Partnership) a 22.9514% of the shares of Yinniu Microelectronics (Wuxi) Co., Ltd. and the transaction consideration is CNY 25 million, agreed to transfer to Shenzhen Xinhe Hongtai Investment Consulting Partnership (Limited Partnership) a 17.7002% equity of Yinniu Microelectronics, the transaction price was CNY 19.28 million agreed to transfer to Zhuji Zhonghe Youchuang Enterprise Management Consulting Partnership (Limited Partnership) a 3.0480% equity of Yinniu Microelectronics, and the transaction consideration was CNY 3.32 million. In November 2021, Jiangyin Hengrun Heavy Industries received 20% (first installment) of the equity transfer payment for a total of CNY 9.52 million, of which Shanghai Chuangjian equity transfer payment was CNY 5 million, Xinhe Hongtai equity transfer payment was CNY 3.85 million, Zhonghe Youchuang equity transfer amount was CNY 6.64 million. Yinniu Microelectronics completed the industrial and commercial change registration procedures for the above-mentioned equity transfer. After the completion of this industrial and commercial change registration, Jiangyin Hengrun Heavy Industries no longer holds equity in Yinniu Microelectronics. Shanghai Chuangjian Investment Center (Limited Partnership), Zhuji Zhonghe Youchuang Enterprise Management Consulting Partnership (Limited Partnership) and Shenzhen Xinhe Hongtai Investment Consulting Partnership (Limited Partnership) completed the acquisition of 43.6996% stake in Yinniu Microelectronics (Wuxi) Co., Ltd. from Jiangyin Hengrun Heavy Industries Co., Ltd (SHSE:603985) on December 8, 2021. Jiangyin Hengrun Heavy Industries has received 80% of the equity transfer payment (final payment) totaling CNY 38.08 million. Among them, Shanghai Chuangjian’s equity transfer is CNY 20 million and Xinhe Hongtai’s equity transfer is CNY 15.42 million. Zhonghe Youchuang equity transfer amount was CNY 2.65 million. So far, Yinniu Microelectronics equity transfer transactions have been completed.


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Financials
Sales 2022 3 093 M 465 M 465 M
Net income 2022 635 M 95,4 M 95,4 M
Net Debt 2022 - - -
P/E ratio 2022 14,2x
Yield 2022 -
Capitalization 8 749 M 1 315 M 1 315 M
Capi. / Sales 2022 2,83x
Capi. / Sales 2023 2,40x
Nbr of Employees 922
Free-Float 38,1%
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Number of Analysts 1
Last Close Price 26,59
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Managers and Directors
Li Xin Cheng Chairman & General Manager
Xue Jian Gu Chief Financial Officer & Board Secretary
Zhong Xie Chen Chairman-Supervisory Board
Xiao Dong Lu Independent Director
Ru Yu Qiu Independent Director
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