Announcement • Apr 29
Ningbo Techmation Co.,Ltd., Annual General Meeting, May 19, 2026 Ningbo Techmation Co.,Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: 2F, No. 88, Dagang 5th Road, Beilun District, Ningbo, Zhejiang China Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.16 in FY 2024) Full year 2025 results: EPS: CN¥0.11 (down from CN¥0.16 in FY 2024). Revenue: CN¥829.0m (down 1.7% from FY 2024). Net income: CN¥42.9m (down 33% from FY 2024). Profit margin: 5.2% (down from 7.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 30
Ningbo Techmation Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Ningbo Techmation Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Mar 23
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.0% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.8% net profit margin). New Risk • Jan 09
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 7.2% 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: Major Risk Earnings have declined by 6.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.8% net profit margin). Announcement • Dec 26
Ningbo Techmation Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Ningbo Techmation Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.01 (vs CN¥0.031 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.01 (down from CN¥0.031 in 3Q 2024). Revenue: CN¥172.8m (down 19% from 3Q 2024). Net income: CN¥3.82m (down 72% from 3Q 2024). Profit margin: 2.2% (down from 6.3% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Ningbo Techmation Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Ningbo Techmation Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 New Risk • Sep 18
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Jun 30
Ningbo Techmation Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Ningbo Techmation Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Declared Dividend • May 29
Dividend reduced to CN¥0.05 Dividend of CN¥0.05 is 67% lower than last year. Ex-date: 4th June 2025 Payment date: 4th June 2025 Dividend yield will be 0.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 24
Full year 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.16 in FY 2023) Full year 2024 results: EPS: CN¥0.16 (in line with FY 2023). Revenue: CN¥843.2m (up 17% from FY 2023). Net income: CN¥63.8m (flat on FY 2023). Profit margin: 7.6% (down from 8.9% in FY 2023). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 23
Ningbo Techmation Co.,Ltd., Annual General Meeting, May 16, 2025 Ningbo Techmation Co.,Ltd., Annual General Meeting, May 16, 2025, at 10:00 China Standard Time. Location: 2F, No. 88, Dagang 5th Road, Beilun District, Ningbo, Zhejiang China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥11.64, the stock trades at a trailing P/E ratio of 58.8x. Average trailing P/E is 42x in the Electronic industry in China. Total returns to shareholders of 97% over the past three years. Announcement • Mar 28
Ningbo Techmation Co.,Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Ningbo Techmation Co.,Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥11.99, the stock trades at a trailing P/E ratio of 60.6x. Average trailing P/E is 45x in the Electronic industry in China. Total returns to shareholders of 62% over the past three years. Announcement • Dec 27
Ningbo Techmation Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Ningbo Techmation Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 New Risk • Dec 10
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 11% 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 Dividend is not well covered by cash flows (103% cash payout ratio). Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥13.38, the stock trades at a trailing P/E ratio of 67.6x. Average trailing P/E is 49x in the Electronic industry in China. Total returns to shareholders of 87% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥10.62, the stock trades at a trailing P/E ratio of 53.7x. Average trailing P/E is 48x in the Electronic industry in China. Total returns to shareholders of 37% over the past three years. New Risk • Oct 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 39% 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 Dividend is not well covered by cash flows (103% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.031 (vs CN¥0.019 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.031 (up from CN¥0.019 in 3Q 2023). Revenue: CN¥213.8m (up 42% from 3Q 2023). Net income: CN¥13.5m (up 80% from 3Q 2023). Profit margin: 6.3% (up from 5.0% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Sep 30
Ningbo Techmation Co.,Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Ningbo Techmation Co.,Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥7.87, the stock trades at a trailing P/E ratio of 43x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 13% over the past three years. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: CN¥0.051 (vs CN¥0.041 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.051 (up from CN¥0.041 in 2Q 2023). Revenue: CN¥253.1m (up 18% from 2Q 2023). Net income: CN¥19.1m (up 14% from 2Q 2023). Profit margin: 7.5% (down from 7.8% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 10% per year. Announcement • Jun 28
Ningbo Techmation Co.,Ltd. to Report First Half, 2024 Results on Aug 22, 2024 Ningbo Techmation Co.,Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥6.92, the stock trades at a trailing P/E ratio of 39x. Average trailing P/E is 41x in the Electronic industry in China. Total returns to shareholders of 14% over the past three years. Declared Dividend • May 31
Dividend of CN¥0.15 announced Shareholders will receive a dividend of CN¥0.15. Ex-date: 5th June 2024 Payment date: 5th June 2024 Dividend yield will be 1.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 13% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 24
Ningbo Techmation Co.,Ltd., Annual General Meeting, May 17, 2024 Ningbo Techmation Co.,Ltd., Annual General Meeting, May 17, 2024, at 10:00 China Standard Time. Location: 2F, No. 88, Dagang 5th Road, Beilun District, Ningbo, Zhejiang China Reported Earnings • Apr 24
Full year 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.12 in FY 2022) Full year 2023 results: EPS: CN¥0.16 (up from CN¥0.12 in FY 2022). Revenue: CN¥721.4m (down 1.6% from FY 2022). Net income: CN¥64.0m (up 34% from FY 2022). Profit margin: 8.9% (up from 6.5% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥6.33, the stock trades at a trailing P/E ratio of 67.7x. Average trailing P/E is 37x in the Electronic industry in China. Total returns to shareholders of 9.9% over the past three years. Announcement • Mar 30
Ningbo Techmation Co.,Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Ningbo Techmation Co.,Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥6.86, the stock trades at a trailing P/E ratio of 73.4x. Average trailing P/E is 34x in the Electronic industry in China. Total returns to shareholders of 33% over the past three years. Announcement • Dec 29
Ningbo Techmation Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Ningbo Techmation Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 New Risk • Nov 27
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 6.3% 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 (6.3% average weekly change). Large one-off items impacting financial results. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.019 (vs CN¥0.021 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.019 (down from CN¥0.021 in 3Q 2022). Revenue: CN¥150.3m (down 2.5% from 3Q 2022). Net income: CN¥7.50m (down 10% from 3Q 2022). Profit margin: 5.0% (down from 5.4% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Sep 30
Ningbo Techmation Co.,Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Ningbo Techmation Co.,Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: CN¥0.041 (vs CN¥0.05 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.041 (down from CN¥0.05 in 2Q 2022). Revenue: CN¥215.3m (down 2.2% from 2Q 2022). Net income: CN¥16.8m (down 15% from 2Q 2022). Profit margin: 7.8% (down from 9.0% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Jun 28
Ningbo Techmation Co.,Ltd. to Report First Half, 2023 Results on Aug 22, 2023 Ningbo Techmation Co.,Ltd. announced that they will report first half, 2023 results on Aug 22, 2023 New Risk • Jun 25
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 6.8% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.22 in FY 2021) Full year 2022 results: EPS: CN¥0.12 (down from CN¥0.22 in FY 2021). Revenue: CN¥733.0m (down 22% from FY 2021). Net income: CN¥47.7m (down 46% from FY 2021). Profit margin: 6.5% (down from 9.5% in FY 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 5 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.021 (vs CN¥0.051 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.021 (down from CN¥0.051 in 3Q 2021). Revenue: CN¥154.2m (down 31% from 3Q 2021). Net income: CN¥8.34m (down 60% from 3Q 2021). Profit margin: 5.4% (down from 9.4% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥8.15, the stock trades at a trailing P/E ratio of 50.8x. Average trailing P/E is 35x in the Electronic industry in China. Total returns to shareholders of 29% over the past three years. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.08 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.05 (down from CN¥0.08 in 2Q 2021). Revenue: CN¥220.1m (down 19% from 2Q 2021). Net income: CN¥19.7m (down 36% from 2Q 2021). Profit margin: 9.0% (down from 11% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥10.13, the stock trades at a trailing P/E ratio of 53.9x. Average trailing P/E is 40x in the Electronic industry in China. Total returns to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥9.99, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 37x in the Electronic industry in China. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 36% share price gain to CN¥9.96, the stock trades at a trailing P/E ratio of 53x. Average trailing P/E is 35x in the Electronic industry in China. Total returns to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥7.13, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 34x in the Electronic industry in China. Total returns to shareholders of 4.0% over the past three years. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.07 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.04 (down from CN¥0.07 in 1Q 2021). Revenue: CN¥209.3m (down 13% from 1Q 2021). Net income: CN¥15.3m (down 46% from 1Q 2021). Profit margin: 7.3% (down from 12% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.051 (vs CN¥0.05 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥224.2m (up 12% from 3Q 2020). Net income: CN¥21.0m (up 6.7% from 3Q 2020). Profit margin: 9.4% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥9.21, the stock trades at a trailing P/E ratio of 40.8x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 46% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.05 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥272.6m (up 46% from 2Q 2020). Net income: CN¥30.8m (up 59% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥9.05, the stock trades at a trailing P/E ratio of 45.9x. Average trailing P/E is 40x in the Electronic industry in China. Total returns to shareholders of 41% over the past three years. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.07 (vs CN¥0.02 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥239.4m (up 77% from 1Q 2020). Net income: CN¥28.1m (up 268% from 1Q 2020). Profit margin: 12% (up from 5.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year and the company’s share price has also fallen by 10% per year. Is New 90 Day High Low • Feb 03
New 90-day low: CN¥5.57 The company is down 24% from its price of CN¥7.37 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is flat over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥5.68 The company is down 24% from its price of CN¥7.50 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥6.07 The company is down 17% from its price of CN¥7.27 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 Electronic industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥6.60 The company is down 1.0% from its price of CN¥6.66 on 10 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 Electronic industry, which is up 5.0% over the same period. Reported Earnings • Oct 21
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥64.0m, up 191% from the prior year. Total revenue was CN¥699.4m over the last 12 months, up 27% from the prior year. Announcement • Oct 19
Ningbo Techmation Co., Ltd. to Report Q3, 2020 Results on Oct 21, 2020 Ningbo Techmation Co., Ltd. announced that they will report Q3, 2020 results on Oct 21, 2020 Announcement • Sep 24
Ningbo Bangbangmang Trade Co., Ltd. completed the acquisition of 7.37% stake in Ningbo Techmation Co., Ltd. (SHSE:603015) from Red Factor Limited. Ningbo Bangbangmang Trade Co., Ltd. signed the share transfer agreement to acquire 7.37% stake in Ningbo Techmation Co., Ltd. (SHSE:603015) from Red Factor Limited for approximately CNY 160 million on July 3, 2020. Under the terms, Ningbo Bangbangmang will acquire 30 million shares of Ningbo Techmation at a price of CNY 5.48 per share. The share transfer price will be fully paid within 5 years after the transfer of the target asset to the buyer.
Ningbo Bangbangmang Trade Co., Ltd. completed the acquisition of 7.37% stake in Ningbo Techmation Co., Ltd. (SHSE:603015) from Red Factor Limited on July 3, 2020. Announcement • Jul 09
Ningbo Techmation Co., Ltd. to Report First Half, 2020 Results on Aug 21, 2020 Ningbo Techmation Co., Ltd. announced that they will report first half, 2020 results on Aug 21, 2020 Announcement • Jun 18
Ningbo Zhiyun Equity Investment Fund Management Co., Ltd. cancelled the acquisition of 5.16% stake in Ningbo Techmation Co., Ltd. (SHSE:603015) from Red Factor Limited. Ningbo Zhiyun Equity Investment Fund Management Co., Ltd. signed an agreement to acquire 5.16% stake in Ningbo Techmation Co., Ltd. (SHSE:603015) from Red Factor Limited for CNY 140 million on March 6, 2020. Under the terms of the transaction, Ningbo Zhiyun Equity Investment Fund Management will acquire 21 million shares at a price of CNY 6.68 per share.
Ningbo Zhiyun Equity Investment Fund Management Co., Ltd. cancelled the acquisition of 5.16% stake in Ningbo Techmation Co., Ltd. (SHSE:603015) from Red Factor Limited on June 17, 2020.