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    603659   CNE100002TX3

SHANGHAI PUTAILAI NEW ENERGY TECHNOLOGY CO., LTD.

(603659)
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Shanghai Putailai New Energy Technology Co., Ltd., Fujian Lufeng Xinneng Equity Investment Partnership Enterprise (Limited Partnership), Fujian Pingtan Tongying Equity Investment Partnership Enterprise (Limited Partnership) and Jiaxing Jiayuan Equity Investment Partnership Enterprise signed share purchase agreement to acquire 54.5% in Sichuan Indigo Material Technology Group Co., Ltd. from seller for approximately CNY 190.8 million.

05/11/2021 EST

Shanghai Putailai New Energy Technology Co., Ltd. (SHSE:603659), Fujian Lufeng Xinneng Equity Investment Partnership Enterprise (Limited Partnership), Fujian Pingtan Tongying Equity Investment Partnership Enterprise (Limited Partnership) and Jiaxing Jiayuan Equity Investment Partnership Enterprise signed share purchase agreement to acquire 54.5% in Sichuan Indigo Material Technology Group Co., Ltd. from Jiangsu Yuanyu Electronic Investment Group Co., Ltd. and Huaying Kaitai Technology (Shenzhen) Co., Ltd. for approximately CNY 190.8 million on May 10, 2021. Jiangsu Yuanyu will transfer 39% stake in Sichuan Indigo Material Technology Group Co., Ltd. to Shanghai Putailai New Energy Technology Co., Ltd. (SHSE:603659) for CNY 136.50 million, Jiangsu Yuanyu will transfer 3.5% stake to Fujian Lufeng Xinneng Equity Investment Partnership Enterprise (Limited Partnership) for CNY12.25 million, Huaying Kaitai will transfer 1% stake in Sichuan Indigo Material Technology Group Co., Ltd. to Lufeng Xinneng for CNY3.50 million. The transfer price is CNY7.29 per share. After the acquisition and capital increase, Jiangsu Yuanyu Electronic Investment Group Co., Ltd. holds 13% stake, Huaying Kaitai Technology (Shenzhen) Co., Ltd. holds 12% stake, Changzhou Juren holds 10%, Shanghai Putailai New Energy Technology Co., Ltd. (SHSE:603659) holds 26% stake, Fujian Lufeng Xinneng Equity Investment Partnership Enterprise (Limited Partnership) holds 3% stake. As of December 31, 2020, Sichuan Indigo Material Technology Group Co., Ltd. recorded total assets of CNY 243 million, net assets of CNY 213.5 million, revenues of CNY 110.9 million and net profit of CNY 16.2 million. On May 10, 2021, Shanghai Putailai New Energy Technology Co., Ltd. (SHSE:603659) the Board of Directors approved the deal.


ę S&P Capital IQ 2021
All news about SHANGHAI PUTAILAI NEW ENERGY TECHNOLOGY CO., LTD.
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04/11Shanghai Putailai New Energy Technology Co., Ltd. Reports Earnings Results for the Firs..
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03/26Ruyuan Hec Fluororesin Co., Ltd. announced that it expects to receive CNY 75 million in..
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03/26Ruyuan Hec Polyflon Co., Ltd. announced that it expects to receive CNY 200 million in f..
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03/15Shanghai Putailai New Energy Technology Co., Ltd. Reports Earnings Results for the Full..
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01/04Liyang Zichen New Materials Technology Co., Ltd announced that it expects to receive CN..
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More news
Financials
Sales 2021 8 837 M 1 388 M 1 388 M
Net income 2021 1 615 M 254 M 254 M
Net cash 2021 2 784 M 437 M 437 M
P/E ratio 2021 75,8x
Yield 2021 0,39%
Capitalization 124 B 19 409 M 19 435 M
EV / Sales 2021 13,7x
EV / Sales 2022 9,54x
Nbr of Employees 4 944
Free-Float 40,1%
Chart SHANGHAI PUTAILAI NEW ENERGY TECHNOLOGY CO., LTD.
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Technical analysis trends SHANGHAI PUTAILAI NEW ENERGY TECHNOLOGY CO., LTD.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Last Close Price 178,21 CNY
Average target price 189,88 CNY
Spread / Average Target 6,55%
EPS Revisions
Managers and Directors
Wei Chen General Manager & Director
Zhong wei Han CFO, Secretary, Director & Deputy General Manager
Feng Liang Chairman
Qi Fang Chairman-Supervisory Board
Bin Yuan Independent Director