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    002119   CNE000001R50

NINGBO KANGQIANG ELECTRONICS CO., LTD

(002119)
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End-of-day quote Shenzhen Stock Exchange  -  05-19
10.36 CNY   +1.57%
04/29Ningbo Kangqiang Electronics Co., Ltd Approves the Cash Dividend for the Year 2021
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04/28Ningbo Kangqiang Electronics Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
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03/28Ningbo Kangqiang Electronics Co., Ltd Proposes Final Cash Dividend for the Year 2021
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Huamao Education Investment Co., Ltd. completed the acquisition of remaining 40% stake in Ningbo Huamao Art, Sports and Culture Development Co., Ltd. from Ningbo Kangqiang Electronics Co., Ltd.

09/11/2020 EDT

Huamao Education Investment Co., Ltd. signed an equity transfer agreement to acquire the remaining 40% stake in Ningbo Huamao Art, Sports and Culture Development Co., Ltd. from Ningbo Kangqiang Electronics Co., Ltd (SZSE:002119) for CNY 42.5 million on July 31, 2020. Payment will be done in 1 single installment within 15 days since signing of the agreement. As a result of transaction, Huamao Education Investment Co., Ltd. will hold a 100% stake in Ningbo Huamao Art, Sports and Culture Development Co., Ltd and stake of Ningbo Kangqiang Electronics Co., Ltd in Ningbo Huamao Art, Sports and Culture Development Co., Ltd. will cease to exist. Ningbo Huamao Art, Sports and Culture Development Co., Ltd. reported total assets of CNY 104.37 million, net assets of CNY 103.31 million, operating revenue of CNY 8.05 million and net profit of CNY 3.31 million for the year ended December 31, 2019. On August 14, 2020, the Ningbo Kangqiang Electronics Co., Ltd held the eighteenth meeting of the sixth session of the board of directors, and reviewed and approved the transaction. This transaction is within the scope of authorization of Ningbo Kangqiang Electronics Co., Ltd`s board of directors and does not need to be submitted to the shareholders meeting for deliberation. Huamao Education Investment Co., Ltd. completed the acquisition of remaining 40% stake in Ningbo Huamao Art, Sports and Culture Development Co., Ltd. from Ningbo Kangqiang Electronics Co., Ltd (SZSE:002119) on September 11, 2020. Ningbo Kangqiang Electronics Co., Ltd received the transfer payment on from Huamao Education Investment Co., Ltd. on August 26, 2020.


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Financials
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 3 888 M 581 M 581 M
EV / Sales -1
EV / Sales 0
Nbr of Employees 1 062
Free-Float 66,2%
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Managers and Directors
Kang Liang Zheng Deputy General Manager
Xia Rong Yin Chief Financial Officer
Ji Ye Chairman
Bo Zhou Chairman-Supervisory Board
Xiu Zhu Qian Chairman-Supervisory Board