SHE:300136

Sunway Communication to Raise Stake in Electric Component Maker for Up to 1.1 Billion Yuan; Shares Down 5%

Shenzhen Sunway Communication (SHE:300136), through unit Sunway Communication (Yiyang), proposed to acquire an additional 55% equity in Sunway Electronic Technology (Yiyang) for up to 1.1 billion yuan, according to a Shenzhen bourse filing on Tuesday.The stake in Sunway Electronic, an electronic component maker, will be acquired through a capital increase.The communication equipment maker's holdings in Sunway Electronic will rise to 70%.The company's shares dropped 5% during the afternoon trade.

Nomura Adjusts Shenzhen Sunway Communication's Price Target to 138 Yuan From 87 Yuan, Keeps at Buy

Nomura Adjusts Shenzhen Sunway Communication's Price Target to 87 Yuan From 76 Yuan, Keeps at Buy

Sunway Communication's 2025 Profit Rises 7%, Revenue Climbs 2%

Shenzhen Sunway Communication's (SHE:300136) net profit attributable to shareholders in 2025 rose 7.1% to 708.7 million yuan from 661.6 million yuan a year earlier, according to a Shenzhen bourse filing on Saturday.The communication equipment maker's earnings per share increased 7.4% year on year to 0.74 yuan from 0.69 yuan.Operating revenue climbed 1.9% to 8.91 billion yuan from 8.74 billion yuan in the previous year.