Reported Earnings • Apr 29
First quarter 2026 earnings released: CN¥0.064 loss per share (vs CN¥0.081 loss in 1Q 2025) First quarter 2026 results: CN¥0.064 loss per share (improved from CN¥0.081 loss in 1Q 2025). Revenue: CN¥100.4m (down 28% from 1Q 2025). Net loss: CN¥39.6m (loss narrowed 21% from 1Q 2025). Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 33% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Annuncio • Apr 28
Kyland Technology Co., Ltd., Annual General Meeting, May 20, 2026 Kyland Technology Co., Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: 15F, Building 2, Yard No. 30, Shixing Avenue, Shijingshan District, Beijing China Annuncio • Mar 31
Kyland Technology Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Kyland Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Annuncio • Dec 31
Kyland Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Kyland Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 New Risk • Nov 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.2% net profit margin). Reported Earnings • Oct 25
Third quarter 2025 earnings released: CN¥0.10 loss per share (vs CN¥0.09 loss in 3Q 2024) Third quarter 2025 results: CN¥0.10 loss per share (further deteriorated from CN¥0.09 loss in 3Q 2024). Revenue: CN¥110.8m (down 25% from 3Q 2024). Net loss: CN¥59.5m (loss widened 4.1% from 3Q 2024). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Sep 30
Kyland Technology Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Kyland Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Aug 26
Second quarter 2025 earnings released: CN¥0.06 loss per share (vs CN¥0.006 loss in 2Q 2024) Second quarter 2025 results: CN¥0.06 loss per share (further deteriorated from CN¥0.006 loss in 2Q 2024). Revenue: CN¥250.2m (down 12% from 2Q 2024). Net loss: CN¥38.9m (loss widened CN¥34.9m from 2Q 2024). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 02
Kyland Technology Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Kyland Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Reported Earnings • Apr 24
First quarter 2025 earnings released: CN¥0.081 loss per share (vs CN¥0.14 loss in 1Q 2024) First quarter 2025 results: CN¥0.081 loss per share (improved from CN¥0.14 loss in 1Q 2024). Revenue: CN¥140.2m (up 3.1% from 1Q 2024). Net loss: CN¥49.9m (loss narrowed 44% from 1Q 2024). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Annuncio • Mar 31
Kyland Technology Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Kyland Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 New Risk • Mar 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 745% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.8% net profit margin). New Risk • Mar 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Reported Earnings • Mar 04
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.06 (down from CN¥0.46 in FY 2023). Revenue: CN¥1.03b (down 12% from FY 2023). Net income: CN¥38.6m (down 85% from FY 2023). Profit margin: 3.8% (down from 22% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 76%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Annuncio • Mar 04
Kyland Technology Co., Ltd., Annual General Meeting, Mar 24, 2025 Kyland Technology Co., Ltd., Annual General Meeting, Mar 24, 2025, at 14:30 China Standard Time. Location: 15F, Building 2, Yard No. 30, Shixing Avenue, Shijingshan District, Beijing China Annuncio • Feb 07
Kyland Technology Co., Ltd. Announces Board Elections Kyland Technology Co., Ltd. approved election of Zhou Liuzheng as non-independent director and Sun Dianyi and Qi Huaijin as independent directors, at its EGM held on 05 February 2025. Annuncio • Dec 31
Kyland Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 03, 2025 Kyland Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 03, 2025 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥13.51, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 32x in the Communications industry in China. Total returns to shareholders of 46% over the past three years. Reported Earnings • Oct 25
Third quarter 2024 earnings released: CN¥0.09 loss per share (vs CN¥0.073 loss in 3Q 2023) Third quarter 2024 results: CN¥0.09 loss per share (further deteriorated from CN¥0.073 loss in 3Q 2023). Revenue: CN¥147.3m (down 38% from 3Q 2023). Net loss: CN¥57.1m (loss widened 28% from 3Q 2023). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 134% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Price Target Changed • Oct 25
Price target increased by 20% to CN¥14.67 Up from CN¥12.23, the current price target is an average from 2 analysts. New target price is 27% above last closing price of CN¥11.56. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥0.42 for next year compared to CN¥0.46 last year. Major Estimate Revision • Oct 25
Consensus revenue estimates decrease by 13%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥1.34b to CN¥1.16b. EPS estimate increased from CN¥0.27 to CN¥0.42 per share. Net income forecast to shrink 73% next year vs 62% growth forecast for Communications industry in China . Consensus price target up from CN¥12.23 to CN¥14.67. Share price fell 2.4% to CN¥11.56 over the past week. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥11.03, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 19% over the past three years. New Risk • Sep 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.9% average weekly change). Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Annuncio • Sep 30
Kyland Technology Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Kyland Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥9.25, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 22x in the Communications industry in China. Total returns to shareholders of 1.8% over the past three years. Annuncio • Sep 11
Kyland Technology Co., Ltd. (SZSE:300353) agreed to acquire an additional 7.62% stake in Neuron Information Technology (Chengdu) Co., Ltd. from Ningbo Huikai Venture Capital Partnership (Limited Partnership), managed by Beijing Zhonghai Changyi Investment Management Center (Limited Partnership) and Beijing Zhonghai Venture Capital Investment Co., Ltd. for CNY 200 million. Kyland Technology Co., Ltd. (SZSE:300353) agreed to acquire an additional 7.62% stake in Neuron Information Technology (Chengdu) Co., Ltd. from Ningbo Huikai Venture Capital Partnership (Limited Partnership), managed by Beijing Zhonghai Changyi Investment Management Center (Limited Partnership) and Beijing Zhonghai Venture Capital Investment Co., Ltd. for CNY 200 million on September 6, 2024. A cash consideration of CNY 200 million will be paid by Kyland Technology Co., Ltd. As part of consideration, CNY 200 million is paid towards common equity of Neuron Information Technology (Chengdu) Co., Ltd. Upon completion, Kyland Technology Co., Ltd. will own 18.66% stake in Neuron Information Technology (Chengdu) Co., Ltd. The transaction will be financed through equity investment of CNY 200 million.
As of June 30, 2024, Neuron Information Technology (Chengdu) Co., Ltd. reported total assets of CNY 294.45 million and total common equity of CNY 102.4 million. Reported Earnings • Aug 22
Second quarter 2024 earnings released: CN¥0.006 loss per share (vs CN¥0.096 loss in 2Q 2023) Second quarter 2024 results: CN¥0.006 loss per share (improved from CN¥0.096 loss in 2Q 2023). Revenue: CN¥284.3m (up 20% from 2Q 2023). Net loss: CN¥4.01m (loss narrowed 92% from 2Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 140% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 21
Price target decreased by 9.5% to CN¥12.23 Down from CN¥13.51, the current price target is an average from 2 analysts. New target price is 58% above last closing price of CN¥7.72. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥0.28 for next year compared to CN¥0.46 last year. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥7.74, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 25x in the Communications industry in China. Total loss to shareholders of 25% over the past three years. Annuncio • Jun 29
Kyland Technology Co., Ltd. to Report First Half, 2024 Results on Aug 22, 2024 Kyland Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 Annuncio • May 29
Hangzhou Heying No. 2 Enterprise Management Partnership Enterprise (Limited Partnership) completed the acquisition of 3.55% stake in Kyland Technology Co., Ltd. (SZSE:300353) from Li Ping. Hangzhou Heying No. 2 Enterprise Management Partnership Enterprise (Limited Partnership) agreed to acquire 3.55% stake in Kyland Technology Co., Ltd. (SZSE:300353) from Li Ping for CNY 120 million on March 20, 2024.Hangzhou Heying No. 2 Enterprise Management Partnership Enterprise (Limited Partnership) completed the acquisition of 3.55% stake in Kyland Technology Co., Ltd. (SZSE:300353) from Li Ping on May 27, 2024. New Risk • Apr 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 19% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 19% per year for the foreseeable future. High level of non-cash earnings (28% accrual ratio). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Reported Earnings • Apr 24
First quarter 2024 earnings released: CN¥0.14 loss per share (vs CN¥0.11 loss in 1Q 2023) First quarter 2024 results: CN¥0.14 loss per share (further deteriorated from CN¥0.11 loss in 1Q 2023). Revenue: CN¥136.0m (down 22% from 1Q 2023). Net loss: CN¥89.1m (loss widened 47% from 1Q 2023). Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 134% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 23
Kyland Technology Co., Ltd., Annual General Meeting, May 16, 2024 Kyland Technology Co., Ltd., Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: 15F, Building 2, Yard No. 30, Shixing Avenue, Shijingshan District, Beijing China Annuncio • Mar 30
Kyland Technology Co., Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Kyland Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Annuncio • Dec 30
Kyland Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Kyland Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Reported Earnings • Oct 24
Third quarter 2023 earnings released: CN¥0.073 loss per share (vs CN¥0.054 profit in 3Q 2022) Third quarter 2023 results: CN¥0.073 loss per share (down from CN¥0.054 profit in 3Q 2022). Revenue: CN¥237.3m (down 8.0% from 3Q 2022). Net loss: CN¥44.7m (down 254% from profit in 3Q 2022). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Second quarter 2023 earnings released: CN¥0.096 loss per share (vs CN¥0.04 loss in 2Q 2022) Second quarter 2023 results: CN¥0.096 loss per share (further deteriorated from CN¥0.04 loss in 2Q 2022). Revenue: CN¥236.9m (up 6.4% from 2Q 2022). Net loss: CN¥50.1m (loss widened 138% from 2Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 26
First quarter 2023 earnings released: CN¥0.11 loss per share (vs CN¥0.12 loss in 1Q 2022) First quarter 2023 results: CN¥0.11 loss per share (improved from CN¥0.12 loss in 1Q 2022). Revenue: CN¥174.4m (up 73% from 1Q 2022). Net loss: CN¥60.8m (loss narrowed 6.9% from 1Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hongke Zhang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.054 (vs CN¥0.018 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.054 (up from CN¥0.018 loss in 3Q 2021). Revenue: CN¥258.1m (up 34% from 3Q 2021). Net income: CN¥29.0m (up CN¥38.2m from 3Q 2021). Profit margin: 11% (up from net loss in 3Q 2021). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annuncio • Sep 15
Kyland Technology Co., Ltd. announced that it expects to receive CNY 1 billion in funding Kyland Technology Co., Ltd. announced a private placement of not more than 159,370,218 class A shares for gross proceeds not exceeding CNY 1,000,000,000 on September 14, 2022. The shares issued have a par value of CNY 1. The transaction will include participation from not more than 35 investors. The shares issued are subject to a lock-up period of 6 months. The transaction is approved at the thirteenth meeting of the company's sixth board of directors and still needs to be reviewed and approved by the general meeting of shareholders and the Shenzhen Stock Exchange and the China Securities Regulatory Commission. Reported Earnings • Aug 29
Second quarter 2022 earnings released: CN¥0.04 loss per share (vs CN¥0.011 profit in 2Q 2021) Second quarter 2022 results: CN¥0.04 loss per share (down from CN¥0.011 profit in 2Q 2021). Revenue: CN¥222.6m (up 16% from 2Q 2021). Net loss: CN¥21.1m (down 464% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 69%, compared to a 33% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CN¥0.12 loss per share (down from CN¥0.061 loss in 1Q 2021). Revenue: CN¥100.8m (down 42% from 1Q 2021). Net loss: CN¥65.3m (loss widened 109% from 1Q 2021). Revenue missed analyst estimates by 32%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Xiaoteng Yang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Feb 18
Kyland Technology Co., Ltd. Announces Board Elections Kyland Technology Co., Ltd. announced at first extraordinary general meeting of 2022 held on 16 February 2022, the shareholders elected Yang Xiaoteng as non-independent director; Zhang Hongke and Wang Xiaolan as independent directors; and Guo Liping and Li Can as non-employee supervisors of the company. Reported Earnings • Oct 26
Third quarter 2021 earnings released: CN¥0.018 loss per share (vs CN¥0.022 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CN¥192.2m (up 15% from 3Q 2020). Net loss: CN¥9.24m (loss narrowed 16% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥0.011 (vs CN¥0.026 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥191.2m (up 4.3% from 2Q 2020). Net income: CN¥5.79m (up CN¥18.8m from 2Q 2020). Profit margin: 3.0% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥7.61 The company is down 40% from its price of CN¥12.73 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥9.08 The company is down 24% from its price of CN¥11.90 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period. Is New 90 Day High Low • Dec 08
New 90-day low: CN¥10.39 The company is down 21% from its price of CN¥13.14 on 09 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 8.0% over the same period. Is New 90 Day High Low • Nov 11
New 90-day low: CN¥11.12 The company is down 10.0% from its price of CN¥12.37 on 13 August 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥636.2m, with earnings decreasing by CN¥800.3m from the prior year. Total revenue was CN¥768.2m over the last 12 months, down 13% from the prior year. Annuncio • Sep 10
Kyland Technology Co., Ltd. (SZSE:300353) completed the acquisition of 30.17% stake in Beijing Kyland Junyue Technology Co., Ltd. from China Development Fund Co., Ltd. Kyland Technology Co., Ltd. (SZSE:300353) agreed to acquire 30.17% stake in Beijing Kyland Junyue Technology Co., Ltd. from China Development Fund Co., Ltd. for CNY 58 million on February 12, 2020. Kyland Technology will acquire the share through cash. In a related transaction, Kyland Technology Co., Ltd. (SZSE:300353) signed a letter of intent to acquire Beijing Bestpower Electrical Technology Co., Ltd. from Sinosteel Equipment & Engineering Co., Ltd., Beijing Dacheng Real Estate Development Co. Ltd., Beijing Baineng Gonghe Investment Consulting Center and Zhao Qingfeng and 40 other individuals for CNY 1.6 billion on February 12, 2020. As of September 30, 2019, Beijing Kyland Junyue Technology reported total assets of CNY 426.7 million and owner’s equity of CNY 188.1 million.
The transaction still needs to be approved by Kyland Technology's directorate, shareholders’ meeting and China Securities Regulatory Commission. China Development Fund Co., Ltd. already issued related document, approving for Kyland Technology to acquire equity in Kyland Junyue by way of share issuance. The other shareholder of Kyland Junyue, Dongtu Huasheng Technology Co., Ltd., already issued a notice on giving up its preemptive rights in this transaction. The transaction was approved by the Board of Kyland Technology.
Kyland Technology Co., Ltd. (SZSE:300353) completed the acquisition of 30.17% stake in Beijing Kyland Junyue Technology Co., Ltd. from China Development Fund Co., Ltd. on September 8, 2020. Annuncio • Jul 24
Kyland Technology Co., Ltd. to Report First Half, 2020 Results on Aug 20, 2020 Kyland Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 20, 2020