SHE:002364

2 stories mentioning SHE:002364Updated 97d ago

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CATL Invests 4.10 Billion Yuan in Zhongheng Electric Parent; Shares Up 4%

Hangzhou Zhongheng Electric (SHE:002364) said Contemporary Amperex Technology (SHE:300750, HKG:3750) will become the largest shareholder of its controlling shareholder, Hangzhou Zhongheng Technology Investment.CATL will acquire 49% of Zhongheng Technology Investment for a consideration of 4.10 billion yuan through a capital increase, according to a Shenzhen bourse filing on Tuesday.Under the transaction, CATL will subscribe for 14.4 million yuan of newly increased registered capital.Zhongheng Technology Investment's registered capital will rise to 29.4 million yuan from 15 million yuan after the transaction.Shares of the Chinese electrical products developer rose 4% in morning trading.

HKG:3750SHE:002364SHE:300750

Asia146d ago

Hangzhou Zhongheng Electric 2025 Profit Up 15%, Revenue Rises 9%

Hangzhou Zhongheng Electric (SHE:002364) posted 2025 attributable net profit of 126.4 million yuan, up 15% from 109.6 million yuan the previous year.Earnings per share rose to 0.22 yuan from 0.20 yuan, according to a Tuesday filing with the Shenzhen bourse.Operating revenue climbed 8.9% year over year to 2.14 billion yuan from 1.96 billion yuan.Shares of the electrical products developer were up 1% Tuesday.

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