UBS Downgrades Anhui Yingliu Electromechanical to Neutral from Buy; Price Target is 44 Yuan
Anhui Yingliu Electromechanical (SHA:603308) has an average rating of buy and mean price target of 68.24 yuan, according to analysts polled by FactSet.
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Anhui Yingliu Electromechanical (SHA:603308) has an average rating of buy and mean price target of 68.24 yuan, according to analysts polled by FactSet.
Anhui Yingliu Electromechanical (SHA:603308) triggered early redemption of its Yingliu convertible bond after its share price exceeded 130% of the conversion price for 15 consecutive trading days.The company will redeem all outstanding bonds on Aug. 27 at 100.09 yuan per bond, below the current market price of 161.05 yuan, according to a Monday filing with the Shanghai Stock Exchange.The bonds will be delisted from the Shanghai bourse on Aug. 28.Shares of the equipment manufacturer were up 4% in recent trade.
Anhui Yingliu Electromechanical (SHA:603308) will delist the Yingliu Convertible Bonds after its redemption by Aug. 28, according to a Shanghai bourse filing on Friday.The redemption price will be 100.09 yuan per bond.The bond's last trading day is on Aug. 24.The precision cast steel components manufacturer's shares rose 1% during the afternoon trade.
Anhui Yingliu Electromechanical (SHA:603308) is merging Anhui Yingliu Casting into fellow subsidiary Anhui Yingliu Intelligent Manufacturing.The restructuring aims to optimize management structure, reduce costs and improve operational efficiency, according to a Thursday filing with the Shanghai bourse.Upon completion, Yingliu Intelligent Manufacturing will survive and Yingliu Casting will be legally dissolved.
Anhui Yingliu Electromechanical (SHA:603308) has an average rating of buy and mean price target of 90 yuan, according to analysts polled by FactSet.
Anhui Yingliu Electromechanical (SHA:603308) posted first-quarter attributable net profit of 120.2 million yuan, up 31% from 92.0 million yuan the previous year.Earnings per share rose to 0.18 yuan from 0.14 yuan, according to a Friday filing with the Shanghai bourse.Operating revenue rose 34% year over year to 888.7 million yuan from 662.6 million yuan.Shares of the equipment manufacturer were down 2% in recent trade.
Anhui Yingliu Electromechanical (SHA:603308) posted 2025 attributable net profit of 348.6 million yuan, up 22% from 286.4 million yuan the previous year.Earnings per share rose to 0.52 yuan from 0.42 yuan, according to a Friday filing with the Shanghai bourse.Operating revenue rose 16% year over year to 2.92 billion yuan from 2.51 billion yuan.Shares of the equipment manufacturer were down 2% in recent trade.