002406 Xuchang Yuandong Drive Shaft
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Xuchang Yuandong Drive Shaft News
Yuandong Transmission (002406.SZ) announced first-quarter results, net profit of 254.311 million yuan, an increase of 48.53% over the previous year
Yuandong Transmission (002406.SZ) released its report for the first quarter of 2024. The company's revenue was 315 million yuan...
Yuandong Transmission (002406.SZ): As of March 29, 2024, the number of shareholders of the company was 75,982
Gelonghui, April 3 | Far East Transmission (002406.SZ) said on the investor interactive platform that as of March 29, 2024, the number of shareholders of the company was 75,982.
Yuandong Transmission (002406.SZ): No plans to acquire shares in Huanghe Technology Group
Gelonghui, March 27丨Far East Transmission (002406.SZ) said on the investor interactive platform that the company is currently focusing on the main auto parts business to achieve high-end, intelligent, digital, informatization and green transformation and upgrading. There are no plans to buy shares in Huanghe Technology Group.
Far East Transmission (002406.SZ): Net profit for 2023 increased by 29.21% to 94.00975 million yuan, plans to distribute 10 to 1 yuan
On March 25, Ge Longhui Transmission (002406.SZ) announced its 2023 annual report. In 2023, the company achieved operating income of 1,307 billion yuan, an increase of 21.67%; net profit attributable to shareholders of listed companies was 94 million yuan, an increase of 29.21% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 55,2711 million yuan, an increase of 48.29% year on year; basic income per share is 0.14 yuan; it plans to distribute a cash dividend of 1 yuan (tax included) for every 10 shares to all shareholders.
Yuandong Transmission (002406.SZ): As of February 8, 2024, the number of shareholders of the company was 71,394
Gelonghui February 19 | Far East Transmission (002406.SZ) said on the investor interactive platform that as of February 8, 2024, the number of shareholders of the company was 71,394.
Express News | Yuandong Transmission: Constant velocity drive shaft products currently used in new energy vehicles have begun to gradually release production capacity
Yuandong Transmission (002406.SZ): As of January 19, 2024, the number of shareholders of the company was 75,633
Gelonghui January 23 | Far East Transmission (002406.SZ) said on the investor interactive platform that as of January 19, 2024, the number of shareholders of the company was 75,633.
Far East Transmission (002406.SZ): Components exported to Europe for engine systems have been supplied in large quantities
Gelonghui, January 8 | Yuandong Transmission (002406.SZ) said on the investor interactive platform that currently the company's cold forging technology for automobile chassis and engine parts is at the leading level in the industry in terms of mold design, process technology and equipment. Components exported to Europe for engine systems have been supplied in large quantities, and have been favored and praised by domestic and foreign customers, making diversification and high-end transformation of the company's products better and faster.
Downstream demand is quite strong, institutions indicate that the cold forging process market has broad prospects
① The agency pointed out that compared with the “turning and milling+grinding” process, the “cold forging+grinding” process has high efficiency and low cost, and the highest processing accuracy can reach C5 level. It is expected to help mass production of planetary roller screws. It is recommended to focus on manufacturing, mold and equipment. ② Debon Securities pointed out that there is still a lot of room for improvement in the penetration rate of domestic cold forgings, and downstream demand is also quite strong.
A-share auto parts stocks picked up, and Zhejiang Liming boosted the seal
Gelonghui, January 4 | Zhejiang Liming raised the seal, and Xinjiao, Yuandong Transmission, Jinrong Tianyu, Huada Technology, and Jintuo Co., Ltd. followed suit.
Far East Transmission (002406.SZ): The number of shareholders of the company as of December 29, 2023 is 75,705
Gelonghui January 3 | Far East Transmission (002406.SZ) said on the investor interactive platform that as of December 29, 2023, the number of shareholders of the company was 75,705.
Far East Transmission (002406.SZ): The constant speed project in the new plant area has begun supporting large-scale supply to customers such as SAIC-GM-Wuling and Jiangling New Energy
On December 8, Gelonghui, Yuandong Transmission (002406.SZ) said on the investor interactive platform that the constant speed project in the company's new plant area has begun supporting a large number of customers such as SAIC-GM-Wuling and Jiangling New Energy. It is expected that the production capacity target of about 400,000 pieces will be achieved by the end of the year. The second phase of the capacity expansion plan and the development of the new Chery project are progressing in an orderly manner, and some high-end equipment imported from Germany has already begun commissioning; the non-constant speed project has completed the relocation and commissioning of some finishing workshops, assembly and painting workshops, and the production capacity utilization rate has reached more than 80%. The company and Changan Automobile, Jianghuai Automobile, and Chery Automobile mainly focus on commercial vehicles
Far East Transmission (002406.SZ): Has business cooperation with Changan, Jianghuai, Chery, and BAIC
On November 29, some investors asked Far East Transmission (002406.SZ) on the investor interactive platform, “Does your company have relevant cooperation with Changan, JAC, Chery, and BAIC?” The company replied that the company has business cooperation with Changan, JAC, Chery, and BAIC.
The automobile industry chain is on the rise, Changan Automobile's impact rises and falls
Gelonghui, November 23 | Changan Automobile hit ups and downs, and many stocks such as Far East Transmission, Huayang Group, Dongan Power, Riying Electronics, and Bohai Automobile blocked.
Far East Transmission (002406.SZ): At present, it has built nearly 100 high-end intelligent robot automobile drive shaft production lines
Gelonghui November 14: Some investors asked Far East Transmission (002406.SZ) on the investor interactive platform, “Has your company cooperated with well-known companies around the world on humanoid robot-related projects?” The company replied that its products are mainly used in the fields of commercial vehicles, passenger vehicles (including traditional fuel vehicles and new energy vehicles), road vehicles, off-highway vehicles, military special vehicles, and construction machinery. However, in the manufacturing process of products, the company is promoting the use of robotic equipment on a large scale. In recent years, the company has invested a lot of money around the concept of “high-end intelligent manufacturing, transformation and upgrading”
Far East Transmission (002406.SZ): Chery's constant velocity transmission shaft project for high-end cars has been approved as a qualified supplier, and it is planned to begin small-batch loading next month
Gelonghui November 14: Some investors asked Far East Transmission (002406.SZ) on the investor interactive platform, “Are you supplying Chery?” The company replied that the company's Chery high-end passenger car constant speed transmission shaft project has been approved as a qualified supplier and plans to begin small-batch loading next month. The pure electric commercial vehicle project is currently undergoing technical exchanges and business negotiations.
A-share midday announcement: Yonghe Intelligent Control's actual controller plans changes in the company's control
Gelonghui November 9 | ① Yonghe Intelligent Control: On November 8, the company received a notice from Cao Dezhi, the controlling shareholder and actual controller of the company, and is currently planning an agreement to transfer shares and entrust voting rights involving changes in the company's control. The specific plan is subject to the relevant agreements signed by all parties. Trading of the company's shares has been suspended since the opening of the market on November 9. It is expected that trading will be suspended for no more than 2 trading days. ② Lisheng Pharmaceutical: The company's drug propranolol hydrochloride tablets passed the generic drug consistency evaluation. Indications for propranolol hydrochloride tablets include reducing myocardial infarction mortality as secondary prevention; high blood pressure (alone or in combination with other antihypertensive drugs); and labor-type angina;
Far East Transmission (002406.SZ): The second phase of capacity expansion of the constant velocity project has begun, and some advanced equipment purchased from Germany has already entered the market for commissioning
On October 31, Gelonghui, an investor asked Far East Transmission (002406.SZ) on the investor interactive platform, “Does your company have any plans to expand production capacity? The company that currently has absolute technical barriers to drive shafts does it have plans to increase its marketing team to get more orders?” The company replied that the second phase of capacity expansion of the company's constant velocity project has already started, and that some of the advanced equipment purchased from Germany has already entered the market and begun commissioning. The non-constant velocity project was relocated into the industrial park, the production site was further expanded, and the production line was upgraded with more advanced intelligent equipment and new processes, leaving sufficient capacity for subsequent increases in production capacity
Far East Transmission (002406.SZ) released the first three quarter results, net profit of 62,0357 million yuan, an increase of 20.63%
Far East Transmission (002406.SZ) released its report for the third quarter of 2023. The company's revenue for the first three quarters was 9...
Far East Transmission: Due to market recovery and increased orders, subsequent relocations will be comprehensively considered and carried out in an orderly manner
GLONGHUI, Oct. 5 | In response to the company's relocation situation, Far East Transmission replied on an interactive platform today that the company's automotive driveline intelligent manufacturing industrial park, constant speed workshop, part of the finishing workshop, paint shop and finished product warehouse have been put into operation, and the relocation of the remaining finishing workshop and assembly workshop is being carried out. Currently, due to the recovery of the market and the increase in orders, in order to guarantee delivery, subsequent relocations will comprehensively consider the market and production conditions and proceed in an orderly manner. Up to now, the company has received partial compensation totaling 50 million yuan. The company will continue to pay attention to and follow up on the progress of the above land collection and storage matters, strengthen communication and coordination with government departments, and make appropriate improvements
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