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SHE:002138

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Asia

Shenzhen Sunlord Electronics Grandchild Company to Raise Capital by 40.5 Million Yuan

Shenzhen Sunlord Electronics (SHE:002138) grandchild company Shanghai Shunrongxing will raise registered capital by 40.5 million yuan through an employee stock ownership platform.The capital increase price of 1.04 per yuan per registered capital is based on an appraised equity value of 52 million yuan, according to a Friday filing with the Shenzhen bourse.Shanghai Sunlord will contribute up to 31.2 million yuan for 30 million yuan of new capital, while Shunyu Technology and a core employee platform will subscribe for about 2.3 million yuan and 8.3 million yuan, respectively.Shares of the electronic transformer producer were down 2% in recent trade.

SHE:002138
Asia

Sunlord Electronics' Unit Proposes 7 Million Yuan Capital Increase

Shenzhen Sunlord Electronics' (SHE:002138) unit, Dongguan Shunquan Electronics, proposed to introduce an employee shareholding platform through a capital increase of up to 6.7 million yuan, according to a Shenzhen bourse filing on Friday.The Chinese electronic transformer producer wholly owns Shunquan Electronics through its subsidiary, Sunlord Electronics.Xinyu Shunyu Technology Partnership (Limited Partnership) plans to subscribe for 2 million of Shunquan Electronics' newly increased capital for 3.2 million yuan, while the planned employee shareholding platform will subscribe for 4.7 million yuan of Shunquan Electronics' newly registered capital for 7.4 million yuan.Sunlord Electronics waived its right to participate in the capital increase.

SHE:002138
Asia

Sunlord Electronics' H1 Profit Falls 8%, Revenue Jumps 20%; Shares Up 8%

Shenzhen Sunlord Electronics' (SHE:002138) net profit attributable to shareholders for the first half fell 8% to 447.1 million yuan from 485.9 million yuan a year earlier, according to a Friday disclosure on the Shenzhen bourse.Earnings per share dropped 8.1% year on year to 0.57 yuan from 0.62 yuan.Operating revenue jumped 20% to 3.86 billion yuan from 3.22 billion yuan in the previous year.The Chinese electronic transformer producer's shares jumped 8% at the close.

SHE:002138
Asia

Sunlord Electronics' Chairman Pledges Part of Company Stake

Shenzhen Sunlord Electronics' (SHE:002138) chairman, Yuan Jinyu, pledged part of his holdings in the company for personal business operations, according to a Shenzhen bourse filing on Tuesday.A total of 540,000 shares, representing 0.07% of the company's total shares, were pledged to Bank of China (SHA:601988, HKG:3988).Yuan currently owns approximately 5% of the company.The Chinese electronic transformer producer's shares fell 2% at the close.

HKG:3988SHA:601988SHE:002138

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