6 stories mentioning SHA:600879Updated 4d ago
Every FINWIRES story that references SHA:600879, newest first.
China Aerospace Times Electronics (SHA:600879) raised 100 million yuan via the issue of 35-day commercial papers carrying a 1.5% coupon rate.China Merchants Bank served as lead underwriter, according to a weekend filing with the Shanghai bourse.Shares of the aerospace company slipped 1% in recent trade.
China Aerospace Times Electronics' (SHA:600879) unit, Beijing Aerospace Times Optoelectronics Technology, made changes to its asset swap agreement with Xi'an Microelectronics Technology Institute's Xi'an Taiyi Electronics, according to a Shanghai bourse filing on Wednesday.The parties agreed to cancel plans to exchange the assets of the cryptography and information security business of China Aerospace Times' subsidiary, Aerospace Changzheng Rocket Technology, for the Beijing Telemetry Technology Institute's technological upgrading assets.The parties were not able to meet all the transactions involved in the agreement within the prescribed timeframe.Beijing Aerospace Times' agreement to swap its 100% equity in Beijing Aerospace Xinghua Technology for 58% of Xi'an Taiyi Electronics still stands, as well as Shanghai Aerospace Electronics' deal to swap its deep space exploration business' assets for Shanghai Scientific Instrument Factory's technological upgrading assets.The aerospace company's shares slipped 1% during the midday trade.
Chinese shares fell on Wednesday as the country's second-quarter economic growth fell short of forecasts.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 0.3% lower at 3,955.58. The Shenzhen Component Index fell 1.0% to 14,779.40.China's gross domestic product expanded 4.3% year over year in the second quarter, missing the consensus market forecast of a 4.5% growth tracked by Investing.com and slower than the 5% expansion recorded in the preceding quarter.This brought first-half GDP growth to 4.7%, within Beijing's full-year growth target range of 4.5% to 5%.Property investment in China fell 18% year over year in H1, sharper than the 16.2% decline recorded in the previous five-month period.China's retail sales of consumer goods grew 1% year over year to 4.269 trillion yuan in June, rebounding from a 0.6% contraction recorded in the previous month and defying the consensus forecast for a 0.1% decline tracked by Investing.com.In company news, China Aerospace Times Electronics (SHA:600879) forecasted first-half attributable net profit of between 36 million yuan and 43 million yuan, down from 173.7 million yuan the previous year. Shares of the aerospace company closed 9% lower Wednesday.
China Aerospace Times Electronics (SHA:600879) forecasted first-half attributable net profit of between 36 million yuan and 43 million yuan, compared with 173.7 million yuan the previous year.The 75% to 79% decline is attributed to product delivery schedules falling short of expectations and pricing reductions on certain products, according to a Wednesday filing with the Shanghai bourse.Shares of the aerospace company fell 8% in recent trade.
China Aerospace Times Electronics (SHA:600879) issued 830 million yuan in ultra-short-term commercial paper, according to a Shanghai bourse filing on Tuesday.The bonds have a coupon rate of 1.53% and a term of 124 days.China Merchants Bank (SHA:600036, HKG:3968) is the lead underwriter of the issuance.The aerospace company's shares dropped 5% during the midday trade.
China Aerospace Times Electronics' (SHA:600879)net profit attributable to shareholders in the first quarter rose 5.3% to 31.3 million yuan from 29.7 million yuan a year earlier, according to a Shanghai bourse filing on Wednesday.Earnings per share stayed flat year on year at 0.009 yuan.Operating revenue inched 8.4% higher to 1.84 billion yuan from 1.70 billion yuan in the previous year.The aerospace company's shares rose less than 3% during the midday trade.
