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OFFON

ZHEJIANG GRANDWALL ELECTRIC SCIENCE&TECHNOLOGY CO.,LTD.

(603897)
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Huzhou Great Wall Shaped Wire Co., Ltd. announced that it expects to receive CNY 206 million in funding from Zhejiang grandwall electric science&technology co.,ltd.

06/16/2021 EST

Huzhou Great Wall Shaped Wire Co., Ltd. announced a private placement of common shares for the gross proceeds of CNY 206 million on June 16, 2021. The transaction will include participation from existing investor Zhejiang grandwall electric science&technology co.,ltd. (SHSE:603897). Post completion of transaction, the investor will retain 100% stakes in the company and registered capital of the company will increase from CNY 12 million to CNY 218 million. The transaction has been approved at 1st session of the company’s 4th directorate.


ę S&P Capital IQ 2021
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Financials
Sales 2020 6 273 M 986 M 986 M
Net income 2020 174 M 27,4 M 27,4 M
Net cash 2020 493 M 77,5 M 77,5 M
P/E ratio 2020 18,8x
Yield 2020 2,24%
Capitalization 8 381 M 1 318 M 1 318 M
EV / Sales 2019 0,58x
EV / Sales 2020 0,43x
Nbr of Employees 818
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Managers and Directors
Zheng Wei Gu Chairman & General Manager
Jian Li Yu CFO, Secretary & Deputy General Manager
Xian Hua Fan Chairman-Supervisory Board
Jian Gang Yuan Independent Director
Fang Feng Independent Director