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    002249   CNE100000C07

ZHONGSHAN BROAD-OCEAN MOTOR CO., LTD.

(002249)
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End-of-day quote Shenzhen Stock Exchange  -  05-18
5.620 CNY   +2.74%
04/26Zhongshan Broad-Ocean Motor Co., Ltd. Proposes Cash Dividend for 2021
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04/25Zhongshan Broad-Ocean Motor Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
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04/25Zhongshan Broad-Ocean Motor Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
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Shenzhen Commet Technology Co., Ltd and Zhongshan Broad-Ocean Motor Co., Ltd. signed an equity transfer agreement to acquire additional 51% stake in Dongguan Zhongqi Hongyuan Automobile Co., Ltd. from Longyan Xinyu Automobile Sales Service Co., Ltd. for CNY 210 million.

07/01/2021 EDT

Shenzhen Commet Technology Co., Ltd and Zhongshan Broad-Ocean Motor Co., Ltd. (SZSE:002249) signed an equity transfer agreement to acquire additional 51% stake in Dongguan Zhongqi Hongyuan Automobile Co., Ltd. from Longyan Xinyu Automobile Sales Service Co., Ltd. for CNY 210 million on June 29, 2021. As per terms, 50% of the total price of the equity transfer CNY 107 million within 5 working days from agreement and remaining 50% consideration before December 15, 2021. Shenzhen Commet Technology Co., Ltd and Zhongshan Broad-Ocean Motor Co., Ltd. shall acquire 39.1% and 11.9% stake in Dongguan Zhongqi Hongyuan Automobile Co., Ltd. respectively. Post completion, Longyan Xinyu Automobile Sales Service Co., Ltd. will seize to hold any stake in Dongguan Zhongqi Hongyuan Automobile Co., Ltd. and Shenzhen Commet Technology Co., Ltd, Zhongshan Broad-Ocean Motor Co., Ltd. and Guangdong Hongyuan Group Co., Ltd. will hold 80.1%,11.9% and 8% stake respectively. As of May 31, 2021, total asset and net asset of Dongguan Zhongqi Hongyuan Automobile Co., Ltd. was CNY 1.6 billion and CNY 210 million respectively. The transaction was approved by the board of Longzhou Group Co., Ltd. parent of Longyan Xinyu Automobile Sales Service Co., Ltd. on June 29, 2021 at 53rd meeting of the sixth board of directors.


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All news about ZHONGSHAN BROAD-OCEAN MOTOR CO., LTD.
04/26Zhongshan Broad-Ocean Motor Co., Ltd. Proposes Cash Dividend for 2021
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04/25Zhongshan Broad-Ocean Motor Co., Ltd. Reports Earnings Results for the First Quarter En..
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04/25Zhongshan Broad-Ocean Motor Co., Ltd. Reports Earnings Results for the Full Year Ended ..
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03/14Zhongshan Broad-Ocean Motor Co., Ltd. authorizes a Buyback Plan.
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2021Zhongshan Broad-Ocean Motor Co., Ltd. authorizes a Buyback Plan.
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2021Zhongshan Broad-Ocean Motor Co., Ltd. Reports Earnings Results for the Nine Months Ende..
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2021Zhongshan Broad-Ocean Motor Co., Ltd. Declares Cash Dividend, Payable on September 28, ..
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Financials
Sales 2022 11 013 M 1 641 M 1 641 M
Net income 2022 325 M 48,4 M 48,4 M
Net cash 2022 1 094 M 163 M 163 M
P/E ratio 2022 40,9x
Yield 2022 1,42%
Capitalization 13 294 M 1 986 M 1 981 M
EV / Sales 2022 1,11x
EV / Sales 2023 1,01x
Nbr of Employees 12 704
Free-Float 58,1%
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Mean consensus UNDERPERFORM
Number of Analysts 1
Last Close Price 5,62 CNY
Average target price 3,50 CNY
Spread / Average Target -37,7%
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Managers and Directors
Hai Ming Xu Vice Chairman & President
Xiao Yun Wu Head-Financial Management Department
Chu Ping Lu Chairman
Zhen Biao Wang Chairman-Supervisory Board
Jin Song Yu Independent Director
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