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    603650   CNE1000036G1

RED AVENUE NEW MATERIALS GROUP CO., LTD.

(603650)
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Shanghai Red Avenue Electronics Materials Co., Ltd. announced that it expects to receive CNY 400 million in funding from Red Avenue New Materials Group Co., Ltd.

04/15/2021 EDT

Shanghai Red Avenue Electronics Materials Co., Ltd. announced that it will receive CNY 400 million in an equity round of funding on April 15, 2021. The transaction will include participation from returning investor Red Avenue New Materials Group Co., Ltd. (SHSE:603650) and will retain its 100% stake in the company. Pursuant to the transaction, the registered capital of the company will increase from CNY 200,000,000 to CNY 600,000,000. The transaction has been approved in the 22nd meeting of the company’s 2nd directorate and it does not need the shareholders approval.


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Financials
Sales 2021 2 565 M 397 M 397 M
Net income 2021 559 M 86,4 M 86,4 M
Net Debt 2021 - - -
P/E ratio 2021 55,5x
Yield 2021 0,92%
Capitalization 31 057 M 4 803 M 4 804 M
Capi. / Sales 2021 12,1x
Capi. / Sales 2022 8,70x
Nbr of Employees 609
Free-Float 18,2%
Chart RED AVENUE NEW MATERIALS GROUP CO., LTD.
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Technical analysis trends RED AVENUE NEW MATERIALS GROUP CO., LTD.
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Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 2
Last Close Price 53,00 CNY
Average target price 60,70 CNY
Spread / Average Target 14,5%
EPS Revisions
Managers and Directors
Jian Hui Zhou President & Director
Yong Tao Ding Chief Financial Officer, Director & Vice President
Zhi Jing Liu Chairman-Supervisory Board
Ning Zhang Chairman
Dong Dong Member-Supervisory Board
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