002340 GEM Co.,Ltd.
- 6.85
- +0.62+9.95%
GEM Co.,Ltd. News
The Three-year Underlying Earnings Growth at GEM (SZSE:002340) Is Promising, but the Shareholders Are Still in the Red Over That Time
GEM Co., Ltd. (SZSE:002340) shareholders should be happy to see the share price up 20% in the last quarter. But that cannot eclipse the less-than-impressive returns over the last three years. In f
Grimmie (002340.SZ): A 9-series solid-state battery precursor product has been mass-produced in small batches
Gelonghui, April 12 | Grimmie (002340.SZ) said on the investor interactive platform that the company began developing precursor materials for solid-state batteries as early as 2019. In response to many technical problems in the solid-solid contact interface between solid electrolytes and cathode materials, it has developed 3-4 micron size small particle size and high BET solid state battery precursor materials. Currently, certification work is being carried out in many companies and is progressing smoothly. A 9 series solid state battery precursor product has been mass-produced in small batches.
Grimmie (002340.SZ): Recently, some technological breakthroughs have been made in sodium electric precursors, and some models of sodium electric products have been mass-produced
Gelonghui, April 12 | Grimmie (002340.SZ) said on the investor interactive platform that the company has recently achieved a certain technological breakthrough in sodium electric precursors. The system has solved the technical problem of uniform co-precipitation of metal elements such as copper, zinc, magnesium and nickel-ferromanganese, and achieved mass production of some models of sodium-electric products. Four- and five-element sodium-electric precursors and cathode materials with ultra-high specific surface areas have been developed to greatly improve the stability and electrochemical properties of sodium-electric materials. Certification by leading companies has been successful. Currently, various products in this series have entered the tonnage mass production certification stage.
Grimmie (002340.SZ): Currently, the company has a production capacity of more than 300,000 vehicles per year to recycle and disassemble end-of-life vehicles
Gelonghui, April 9 | Grimmie (002340.SZ) said on the investor interactive platform that the company currently has a production capacity of more than 300,000 vehicles per year. The company has built 7 scrap car recycling and treatment bases in Wuhan, Tianjin, Shenzhen, Henan, Jiangxi, Jingmen, and Xiantao, forming a waste vehicle recycling and disposal model covering the Pearl River Delta, Yangtze River Delta, Beijing-Tianjin-Hebei, Central China and Southwest China, which is awaiting the peak of the Chinese automobile season. Currently, the capacity utilization rate of the company's scrapped car dismantling and recycling business is low. However, as of December 2023, the number of cars owned in China
Cathay Pacific Junan: Policy guidance helps the battery recycling industry to accelerate development
In recent years, the national recycling industry policy has been gradually refined, the battery recycling business model is becoming more mature, and the scale of the industry continues to expand. Industrial chain enterprises with a first-mover advantage and master waste battery channel resources and battery recycling technology are expected to be the first to benefit.
Grimmie (002340.SZ) has bought back 0.37% of its shares at a cost of 121 million yuan
According to Zhitong Finance App News, Grimmie (002340.SZ) announced that as of March 31, 2024, the company had repurchased a total of 19.2198 million shares of the company's shares through a dedicated securities repurchase account, accounting for 0.37% of the company's current total share capital. The highest transaction price was 7 yuan/share, the minimum transaction price was 5.32 yuan/share, and the total transaction amount was 121 million yuan (excluding transaction fees).
GEM, JD.com Tie Up to Develop Digital Recycling Platform
GEM (SHE:002340) partnered with digital retailing giant JD.com (HKG:9618) to build a platform to facilitate digital recycling, according to the Chinese battery recycler's disclosure on the Shenzhen St
Do Its Financials Have Any Role To Play In Driving GEM Co., Ltd.'s (SZSE:002340) Stock Up Recently?
GEM's (SZSE:002340) stock is up by a considerable 26% over the past month. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually
Grimmie (002340.SZ): Signed a strategic cooperation agreement with JD Group to jointly build a recycling, digital supply chain and waste product recycling platform
Gelonghui, March 21丨Grimmie (002340.SZ) announced that in response to the spirit of “promoting a new round of large-scale equipment renewal and consumer goods trade-in to effectively reduce logistics costs for the whole society” proposed at the fourth meeting of the Central Committee on Finance and Economics, in order to better grasp the development opportunities of the country's “Action Plan to Promote Large-scale Equipment Renewal and Consumer Goods Trade-In”, serve the real economy and smooth the domestic cycle, and the major trends of intelligent, dual carbon, and green manufacturing, Grimmie Co., Ltd. (“Grimmie” or the “Company”) and Beijing Jingdong Century Trading Co., Ltd. (“JD” for short) Group”) in 2024
GEM Inks Recycling Deal With Five Companies
Chinese battery recycler GEM (SHE:002340) agreed to manage the recycling of 10,000 tons of batteries and battery waste for five companies, according to a Sunday disclosure published on the Shenzhen St
Grimmie (002340.SZ) holding subsidiary signed a strategic cooperation framework agreement to jointly build a full life cycle value chain for new energy
Gelonghui, March 10 | Grimmie (002340.SZ) announced that with the rapid development of the NEV industry, the penetration rate of new energy vehicles continues to increase, the demand for power batteries is rapidly increasing, and the green recycling and green treatment of decommissioned NEVs and decommissioned power batteries and their waste has become a matter of widespread public concern. In order to promote the global green supply chain, meet the global carbon footprint requirements for new energy sources, solve the pollution problem of power batteries, achieve green treatment of power batteries and their waste, and promote the new energy industry from “green to green”, the company's holding subsidiary, Wuhan Power Battery Recycling Technology Co., Ltd. (hereafter
Investors Still Aren't Entirely Convinced By GEM Co., Ltd.'s (SZSE:002340) Earnings Despite 25% Price Jump
GEM Co., Ltd. (SZSE:002340) shareholders are no doubt pleased to see that the share price has bounced 25% in the last month, although it is still struggling to make up recently lost ground. Not all
Grimmie (002340.SZ) has spent 121 million yuan to buy back 19.21,800 shares
Grimmie (002340.SZ) issued an announcement. As of February 29, 2024, the company has approved a special repurchase certificate...
GEM (SZSE:002340) Might Be Having Difficulty Using Its Capital Effectively
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Typically, we'll want to notice a trend of growing return on
These 4 Measures Indicate That GEM (SZSE:002340) Is Using Debt Extensively
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.' When we think about how risky a company is, we always like
Grimmie (002340.SZ): A total cost of about 121 million yuan to buy back 19.21,800 shares
Gelonghui, Feb. 1, 丨 Grimmie (002340.SZ) announced that as of January 31, 2024, the company had repurchased 19.219,800 shares of the company's shares through a dedicated securities account, accounting for 0.37% of the company's current total share capital. The highest transaction price was 7.00 yuan/share, the minimum transaction price was 5.32 yuan/share, and the total transaction amount was about 121 million yuan (excluding transaction fees).
GEM in Talks With Anglo American on Nickel Products, Battery Materials Cooperation
Chinese battery recycler GEM (SHE:002340) has signed a memorandum of understanding with Anglo American's Singapore branch to collaborate on research and development in nickel products and power batter
Grimmie (002340.SZ): Signed a memorandum of cooperation with Anglo-American Resources Group to strengthen research and development of nickel products and power battery materials processing technology
Gelonghui, January 25, 丨 Grimmie (002340.SZ) announced that in order to meet the challenges of global green development rules and seize global green development opportunities, the Singapore branch of Anglo-American Resources Group Co., Ltd., a wholly-owned subsidiary of Anglo-American Resources Group, headquartered in Shenzhen, China, and Grimmie Co., Ltd. (“Grimmie” or “Company” for short), an urban mining advantage company headquartered in Shenzhen, China, decided to combine advantages and implement strategic cooperation. On January 24, 2024, the two sides jointly signed “Strengthening Research and Development of Nickel Products and Power Battery Materials Processing Technology, etc. Memorandum of Understanding on Cooperation, in
GEM Co., Ltd. (SZSE:002340) Shares Could Be 46% Below Their Intrinsic Value Estimate
Key Insights GEM's estimated fair value is CN¥8.93 based on 2 Stage Free Cash Flow to Equity GEM is estimated to be 46% undervalued based on current share price of CN¥4.84 Our fair value estimate
GEM's Ternary Precursor Shipments Surge 10% in 2023
Chinese battery recycler GEM (SHE:002340) reported an over 10% year-over-year jump in sales of ternary precursors in 2023 to 170,000 tons, according to a filing on Friday. In 2023, the company's produ
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