00476 EV DYNAMICS
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EV DYNAMICS News
Commercial vehicle sector is on the rise. Weichai Power (02338) rose by 8.58%. Two departments announced the policy of replacing old cars with new ones.
Goldman Sachs News | The commercial vehicle sector is generally rising. Weichai Power (02338) rose by 8.58%, Sinotruk (03808) rose by 6.91%, China International Marine Containers (02039) rose by 4.89%, Dongfeng Group (00489) and EV Dynamics Holdings Limited (00476) followed suit. On the news front, the National Development and Reform Commission and the Ministry of Finance issued several measures to support large-scale equipment updates and the replacement of consumer goods with old ones, raising the subsidy standards for automobile scrap replacement updates. CITIC Securities pointed out that the new version of the automobile replacement policy exceeds market expectations, and the stimulus to the automobile industry will be far greater than the end of April.
Ev Dynamics Plans Capital Reorganisation and Rights Issue
Ev Dynamics Announces 2024 AGM Details
EV DYNAMICS: Annual Report 2024
Soochow Securities: Terminal demand for heavy truck industry is flat, new energy funds perform well.
Over the next 24 years, as the economy weakly recovers, the growth of road freight volume is providing support for maintain quantity. The high oil and gas price differential is driving the continuous growth of natural gas heavy trucks due to economic reasons. Policy-driven new energy heavy trucks are being accelerated. High export growth in non-Russian regions offsets the decline in Russia, and the entire year's exports have resilience. The elimination of old trucks may lead to substantive subsidy policies to scrap National III/IV vehicles.
Ev Dynamics Logs Wider Losses in Fiscal 2024; Shares Drop 5%
Ev Dynamics (00476) released its annual performance with a net loss of HKD 319 million for shareholders, a year-on-year expansion of 293.5%.
EV Dynamics (00476) released its annual results for the year ending March 31, 2024, with a revenue of 4,223.9...
Express News | EV Dynamics (Holdings) FY Net Income Attributable HKD -319.3 Million
Express News | EV Dynamics (Holdings) FY Net Asset Value HKD 1,216.3 Million
Express News | EV Dynamics (Holdings) FY Gross Profit HKD 2.7 Million
EV DYNAMICS: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2024
EV Dynamics plans to conduct a stock capital reorganization and provide shares based on a "2-for-3" benchmark.
EV Dynamics (00476) has announced a proposal by the board of directors for a share consolidation plan to reduce the par value of existing shares per share. According to this plan: (i) The company will reduce the issued shares by HKD 0.09 per share by cancelling every issued share and reducing the par value of each issued share from HKD 0.10 to HKD 0.01; (ii) The proceeds generated from the share consolidation plan will be used to offset the accumulated losses of the company at the effective date of the share consolidation plan, thus reducing the accumulated losses of the company; (iii) Immediately after the share consolidation plan, each share with a par value of HKD 0.10 in the legal share capital of the company will become a legal share per share of HKD 0.01.
EV Dynamics (00476) plans to undergo share capital restructuring and issue shares based on a 2-for-3 ratio.
Ev Dynamics (00476) has issued an announcement that the board of directors recommends conducting a share capital restructuring to reduce the face value of existing shares per share...
Express News | EV Dynamics - Post Capital Reduction, Each of Shares of HK$0.10 Each Will Be Subdivided Into 10 Shares of HK$0.01 Each
Express News | EV Dynamics - Issued Share Capital of Co Will Be Reduced to Extent of HK$0.09 on Each of Issued Shares
Express News | EV Dynamics Holdings Ltd - Proposed Capital Reorganisation
EV Dynamics Warns of Wider Loss in Fiscal Year 2024
EV Dynamics (00476.HK) warns of reduced earnings: expected annual loss of HKD 307-327 million attributable to shareholders.
EV Dynamics Holdings Limited (00476.HK) announced that the group expects to record a loss of approximately HKD 307 million to HKD 327 million attributable to owners of the company for the year ending on 31 March 2024, compared with a loss of approximately HKD 81.2 million attributable to owners of the company for the same period last year. The expected increase in losses is mainly due to the decrease in the price of potassium nitrate, which led to an increase in impairment losses on mineral assets located in Guangxi, China; and the fair value change and realized losses of financial assets recognized due to the partial equity disposal of Quantron AG during the year.
Express News | EV Dynamics Holdings - Expected Result Due to Increase in Impairment Loss on Mining Assets in Guangxi
Express News | EV Dynamics Sees Loss Attributable HK$307 Mln to HK$327 Mln for Year
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