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Showing posts from October, 2018

YUNNEI POWER: INNOVATION BOOSTS HIGH QUALITY

In 2018, Yunnei Group is expected to achieve an operating income of 10 billion yuan, which is more than 1,100 times in 1978. In 2018, diesel engine sales are expected to exceed 400,000 units, 305 times in 1978; products are only 495 in 1978. A diesel engine has developed into a full range of automotive and non-road diesel engines covering a product lineage of 0.9-6.7L; from the payment of wages to the annual average wage increase of employees above 8%. A drop of water can reflect the glory of the sun, and the development of a company can also reflect the growth of a regional economy. In the past 40 years, as a benchmark for Kunming enterprises, how does the internal power of the cloud ride the spring breeze of reform and opening up and clear the world? Yang Bo, chairman of Yunnei Power Co., Ltd., replied: Yunnei Power successfully embarked on a road of reform and innovation. Like most domestic internal combustion engine manufacturers, relying on low-price competition and imitatio

BEIBEN TRUCK PLANS TO SELL ITS SUB COMPANY AT 343 MILLION RMB.

On October 14, China Securities Journal reporter learned from the North Exchange that Beiben Heavy Vehicle Group Co., Ltd. ("Beiben Heavy Duty Truck") intends to list and transfer Beiben Heavy Vehicle Chongqing Co., Ltd. ("Beiben Chongqing") 100 % equity, the transfer price is 343 million yuan. China Securities Journal reporter found that this is the third time that Beiben Heavy Truck has transferred the project, and the transfer price has dropped by 30 million yuan compared with the initial transfer price. However, the premium rate relative to net assets is still as high as 43%. The 100% equity of Beiben Chongqing was listed and transferred in 2016. The listing time will be from November 17, 2016 to December 21, and the starting price will be 370 million yuan. At that time, the financial data showed that the net profit of the target company in 2015 and the first three quarters of 2016 was 2,834,500 yuan and 16.27 million yuan. Net assets for the first three quart