Is Luxin Venture Capital Group (SHSE:600783) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will

Simply Wall StMay 1 12:39

Luxin Venture Capital (600783.SH) announced first-quarter results with a net loss of 152 million yuan

Lu Xin Venture Capital (600783.SH) released its report for the first quarter of 2024. During the reporting period, it achieved revenue of 16.6599 million yuan, an increase of 9.86% over the previous year. Net loss attributable to shareholders of listed companies was 152 million yuan. Net loss attributable to shareholders of listed companies after deducting non-recurring profit and loss of $153 million.

Zhitong FinanceApr 30 00:34

Express News | Lu Xin Venture Capital: Shandong Hi-Tech Investment, a wholly-owned subsidiary, plans to sell 3.83% of its shares in Minsheng Securities to Guolian Securities and use the underlying assets to subscribe for additional A shares issued by Guolian Securities.

BreakingsApr 25 21:48

Lu Xin Venture Capital (600783.SH): There is no key layout for the field of artificial intelligence

Gelonghui, March 12 | Lu Xin Venture Capital (600783.SH) said on the investor interactive platform that by the end of June 2023, the company had funded 53 funds and investment platforms as the main sponsor, with a total pledge scale of 17.855 billion yuan and a capital of 12.985 billion yuan. At this stage, the company is focusing on investment areas such as next-generation information technology, high-end equipment manufacturing, healthcare, new energy and new materials, semiconductors, energy saving and environmental protection. Most of the investment projects are high-tech enterprises or national/provincial specialized and new enterprises, and there is no focus on the field of artificial intelligence yet.

Gelonghui FinanceMar 12 17:27

Lu Xin Venture Capital (600783.SH): Plans to participate in Lu Xin Zhuoli Fund

On December 14, Gelonghui Venture Capital (600783.SH) announced that Shandong Hi-Tech Investment, Lu Xinrongxin, and the company's shareholding company Lu Xin Houyuan plan to join forces with Weifang Huaweixin Power Technology Industry Equity Investment Fund Partnership (Limited Partnership), Weifang Hengxin Capital Management Co., Ltd., Weifang Hengxin Capital Management Co., Ltd., Weifang Hengchuang Equity Investment Fund Partnership (Limited Partnership), Weifang Yingrui Investment Co., Ltd. and other institutions to jointly initiate the establishment of the Lu Xin Zhuoli Fund. Lu Xinzhuoli's fund size is 365 million yuan. Among them, Shandong Hi-Tech Investment pledged investment of 109.5 million yuan as a limited partner, with a pledge ratio

Gelonghui FinanceDec 14, 2023 18:15

[BT Financial Report Instantaneous Analysis] Lu Xin Venture Capital's 2023 Quarterly Report: Performance Fluctuations Coexist with Venture Capital Industry Challenges

Lu Xin Venture Capital Group Co., Ltd. (stock code: 600783), referred to as Lu Xin Venture Capital for short, is a listed company focusing on venture capital business and abrasives industry operations. The company has a development history of more than 20 years in the field of venture capital and has formed a strictly regulated investment management and risk control system. Lu Xin Venture Capital's investment focuses on various industries such as information technology, energy saving and environmental protection, new energy, new materials, biomedicine, and high-end equipment manufacturing. In terms of the abrasives industry, the company is mainly engaged in the production and sale of abrasives in the non-metallic mineral products industry, serving the military industry, auto parts processing, aerospace

businesstimes cnDec 1, 2023 18:23