SHA:603659

3 stories mentioning SHA:603659Updated 39d ago

Every FINWIRES story that references SHA:603659, newest first.

Putailai New Energy to Raise Subsidiary's Capital By 1.46 Billion Yuan

Shanghai Putailai New Energy Technology (SHA:603659) plans to raise the capital of its subsidiary, Inner Mongolia Zichen Xingfeng New Energy Technology, by 1.46 billion yuan, according to a Shanghai bourse filing on Thursday.The Chinese lithium-ion battery materials manufacturer will conduct the transaction through a conversion of debt to equity.Zichen Xingfeng's registered capital will rise to 2.14 billion yuan from 678 million yuan.

SHA:603659

Asia39d ago

Putailai New Energy to Build Battery Separator Project for 5.6 Billion Yuan

Shanghai Putailai New Energy Technology (SHA:603659) plans to construct a lithium-ion battery separator project for 5.6 billion yuan, according to a Shanghai bourse filing on Thursday.The Chinese lithium-ion battery materials manufacturer will build the project in Chengdu, Sichuan Province, China through subsidiaries Sichuan Zhuoqin New Material Technology and Sichuan Gaoju Material Technology.The project's phase I includes the construction of eight base-film production lines that will produce 3.2 billion square meters of the material every year. Phase II will also include the construction of eight base-film production lines that will yearly produce 4 billion square meters of the same material.Phase I is expected to start trial production in 2027, while commercial production for Phase II is planned to start in the first quarter of 2028.

SHA:603659

Asia67d ago

Shanghai Putailai New Energy Technology's Q1 Profit Jumps 44%, Revenue Climbs 35%; Shares Down 5%

Shanghai Putailai New Energy Technology's (SHA:603659) net profit attributable to shareholders in the first quarter jumped 44% to 704 million yuan from 487.7 million yuan, according to a Shanghai bourse filing on Thursday.Earnings per share rose 43% year on year to 0.33 yuan from 0.23 yuan.Operating revenue climbed 35% to 4.35 billion yuan from 3.22 billion yuan in the prior year.The Chinese lithium-ion battery materials manufacturer's shares dropped less than 5% during the afternoon trade.

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