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Pylon Technologies (688063.SH): The controlling shareholder ZTE intends to increase its Shareholding by 50 million yuan to -0.1 billion yuan.
Glory Financial reported on April 22 that Pylon Technologies (688063.SH) announced that its controlling shareholder, ZTE New, plans to continue increasing its shareholding in the company within 12 months starting from April 22, 2025, through the Shanghai Securities Exchange trading system by means of centralized bidding, bulk trading, and others. The total amount of the shareholding increase (including the amount already increased on April 22, 2025) will not be less than RMB 50 million (inclusive) and not more than RMB 100 million (inclusive). On April 22, 2025, the company's controlling shareholder, ZTE New, used its own funds of RMB 26.7597 million through the Shanghai Securities Exchange trading system.
Paineng Technology: Shanghai Paineng Energy Technology Co., Ltd. Report for the first quarter of 2025
Shanghai Paineng Energy Technology Co., Ltd. Report for the first quarter of 2025
Pylon Technologies' (SHSE:688063) Anemic Earnings Might Be Worse Than You Think
Is Pylon Technologies (SHSE:688063) A Risky Investment?
The prices of energy storage products are under pressure due to the slowing growth in the Industry, resulting in Pylon Technologies experiencing a decline in both revenue and net profit in 2024.
① Regarding the decline in performance, Pylon Technologies stated that during the reporting period, the competition in the industry intensified, and the sales prices of the company's energy storage products came under pressure; ② In terms of revenue composition, overseas sales revenue of Pylon Technologies accounted for 92.86% of the main Business revenue, with its products mainly exported to overseas markets.
Benign Growth For Pylon Technologies Co., Ltd. (SHSE:688063) Underpins Stock's 30% Plummet
