Hezong Technology (300477.SZ) announced that the repurchase period of the company's share repurchase plan has expired. During the repurchase period, the company...
Zhitong Finance App News, Hezong Technology (300477.SZ) announced that the repurchase period of the company's share repurchase plan has expired, and the company has not implemented a repurchase during the repurchase period. According to the company, on the one hand, the company focuses on developing and implementing EPC business and related equipment manufacturing related to smart energy such as wind power, photovoltaics, energy storage, etc., and the company's actual capital use and reserve requirements have increased; on the other hand, during the repurchase period, especially since 2023, due to factors such as the industrial environment and falling market prices, the revenue and gross profit of the company's lithium battery cathode materials sector have declined sharply, causing a sharp decline in the company's performance and increasing the company's financing difficulties, causing a certain amount of liquidity pressure. In order to ensure the normal development of the company's business and give priority to meeting the capital requirements for production and operation, the company failed to complete this repurchase.