Tianjin Meiteng Technology (SHSE:688420) Posted Weak Earnings But There Is More To Worry About
Shareholders didn't appear too concerned by Tianjin Meiteng Technology Co., Ltd's (SHSE:688420) weak earnings. We did some digging, and we believe that investors are missing some worrying factors und
Meiteng Technology (688420.SH): Net profit of 7.47 million yuan in the first quarter increased 48.81% year-on-year
On April 25, Ge Longhui (688420.SH) released its first quarter report. Operating revenue was 109 million yuan, up 23.97% year on year, net profit of 7.47 million yuan, up 48.81% year on year, after deducting 4.96 million yuan of non-net profit, up 35.35% year on year, with basic earnings of 0.09 yuan per share.
Meiteng Technology (688420.SH): Net profit in 2023 fell 40.39% year on year, and plans to pay 10 to 3 yuan
Gelonghui, April 18 | Meiteng Technology (688420.SH) released its 2023 annual report. During the reporting period, it achieved operating income of 570 million yuan, an increase of 16.49%; net profit attributable to shareholders of listed companies was 74.2352 million yuan, a year-on-year decrease of 40.39%; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 56.0529 million yuan, a year-on-year decrease of 45.83%; and basic earnings per share were 0.84 yuan. It is proposed to distribute a cash dividend of 3 yuan (before tax) for every 10 shares to all shareholders.
Meiteng Technology (688420.SH): A total of 2.60% of the company's shares have been bought back at a cost of 5099.26 million yuan
Gelonghui, April 1 | Meiteng Technology (688420.SH) announced that as of March 31, 2024, the company had repurchased 2,303,300 shares of the company's shares through centralized bidding transactions, accounting for 2.60% of the company's total share capital of 88,430,000 shares. The highest repurchase transaction price was 24.74 yuan/share, the lowest price was 18.80 yuan/share, and the total capital paid was RMB 50.9926 million (excluding transaction fees such as stamp duty and transaction fees).
Meiteng Technology (688420.SH): Shareholder Shuoshan Venture Capital and concerted actors reduced their shareholding ratio to less than 5%
Meiteng Technology (688420.SH) announced that on March 6, 2024, the company's shareholders Jiaxing Houxi Shuoshan Venture Capital...
Meiteng Technology (688420.SH): Does not involve industrial mother machine-related business
Gelonghui, March 5 | Meiteng Technology (688420.SH) said on the investor interactive platform that the company is mainly engaged in R&D, design, manufacture and sales of the four core products of intelligent sorting, smart factories, sensing instruments and intelligent management. It has built an intelligent equipment product line represented by intelligent dry separation equipment, and intelligent systems and instrument product lines represented by unmanned loading and intelligent coal processing plants, forming a product matrix, where software and hardware support each other. The company is currently not involved in industrial mother machine-related business.
Meiteng Technology (688420.SH): A total of 2.04% shares have been repurchased at a cost of 396.59,900 yuan
Gelonghui, Feb. 29丨Meiteng Technology (688420.SH) announced that as of February 29, 2024, the company had repurchased 1,8041 million shares of the company through centralized bidding transactions, accounting for 2.04% of the company's total share capital. The highest price of the repurchase transaction was 24.74 yuan/share, the lowest price was 18.80 yuan/share, and the total capital paid was RMB 396.59 million (excluding transaction fees such as stamp duty and transaction commissions).
Meiteng Technology (688420.SH): In January 2024, the company successfully shipped its first overseas TGS equipment
Gelonghui, Feb. 7 | Meiteng Technology (688420.SH) said on the investor interactive platform that within 2023, the company has successfully obtained orders for the intelligent equipment business in overseas markets (Mongolia), and the equipment has been operating steadily at the project site, achieving a breakthrough in overseas business; in January 2024, the company's first overseas TGS equipment was successfully shipped, marking a step further in the company's global market strategy. In the future, the company will continue to consolidate the basic domestic market, further explore the international market, strengthen overseas market team building, strengthen product promotion, enhance the company's international brand awareness, and expand and strengthen its market share.
Meiteng Technology (688420.SH): As of February 5, it has repurchased a total of 1,028,400 shares
Gelonghui, Feb. 5 | Meiteng Technology (688420.SH) announced that as of February 5, 2024, the company had repurchased 1,028,400 shares of the company's shares through centralized bidding transactions, accounting for 1.16% of the company's total share capital of 88,430,000 shares. The highest repurchase price was 24.74 yuan/share, the lowest price was 18.97 yuan/share, and the total capital paid was RMB 23022,900 (excluding transaction fees such as stamp duty and transaction fees).
Meiteng Technology (688420.SH): A total cost of 19.02 million yuan to buy back 0.93% of the shares
Gelonghui, Feb. 4 | Meiteng Technology (688420.SH) announced that as of February 2, 2024, the company had repurchased a total of 826,339 shares of the company through centralized bidding transactions, accounting for 0.93% of the company's total share capital. The highest price of the repurchase transaction was 24.74 yuan/share, the lowest price was 20.9 yuan/share, and the total amount of capital paid was RMB 19,023,353.87.
Meiteng Technology (688420.SH): A total cost of 15.52 million yuan to buy back 0.75% of the shares
Gelonghui, Feb. 1 | Meiteng Technology (688420.SH) announced that as of January 31, 2024, the company had repurchased a total of 665,719 shares through centralized bidding transactions, accounting for 0.75% of the company's total share capital of 88,430,000 shares. The highest price of the repurchase transaction was 24.74 yuan/share, the lowest price was 22.12 yuan/share, and the total amount of capital paid was RMB 15,523,660.44.
Meiteng Technology (688420.SH): It has provided products or services to 8 of the top 10 coal companies or their subsidiaries
Gelonghui, January 25丨Meiteng Technology (688420.SH) said on the investor interactive platform that with years of R&D practices and project implementation experience, the company has accumulated high-quality and rich customer resources, covering customers including large and medium-sized state-owned coal group companies such as National Energy Group, Shandong Energy, Shaanxi Coal Group, and Shanxi Coking Coal. The company has provided products or services to 8 of the top 10 coal companies or their subsidiaries, and the top 20 coal companies or their subsidiaries have covered a total of 17 companies. Currently, the company's business situation is stable, and there are enough orders in hand. Most of them are orders from the customer companies mentioned above.
Meiteng Technology (688420.SH): Initial repurchase of 50,900 shares
Gelonghui, January 22丨Meiteng Technology (688420.SH) announced that on January 22, 2024, the company repurchased 50,873 shares for the first time through centralized bidding transactions, accounting for 0.06% of the company's total share capital. The highest price of the repurchase transaction was 23.11 yuan/share, the lowest price was 22.72 yuan/share, and the total capital paid was RMB 1,167,041.57 (excluding transaction fees such as stamp duty and transaction fees).
Meiteng Technology (688420.SH): Currently, the company has sufficient orders
Gelonghui, January 12丨Meiteng Technology (688420.SH) said on the investor interactive platform that stock price fluctuations are affected by various factors such as the market environment, industry expectations, and investor sentiment. The company will insist on doing a good job in its main business, improving the quality of operations, and striving to create good returns for investors. Currently, the company has sufficient orders in hand. For details, please refer to the regular report disclosed by the company later.
Meiteng Technology (688420.SH): No repurchase transactions
Gelonghui January 3 丨 Meiteng Technology (688420.SH) announced that as of December 31, 2023, the company has not carried out a repurchase transaction. The company is in the process of opening and binding financial accounts and bank third party depository accounts corresponding to special securities accounts for repurchase, so no repurchase transactions have been carried out in December 2023.
Meiteng Technology (688420.SH): Plans to spend 35 million yuan to 70 million yuan to buy back shares
Gelonghui, December 27丨Meiteng Technology (688420.SH) announced that the company plans to repurchase some of the company's issued RMB common shares (A shares) through centralized bidding transactions. All of the shares repurchased will be used for employee stock ownership plans or equity incentives at an appropriate time in the future. Based on the maximum repurchase amount not exceeding RMB 70 million (inclusive) and the maximum repurchase price not exceeding RMB 35 per share (inclusive), the number of repurchases is approximately 2 million shares, accounting for about 2.26% of the total share capital of the company. According to the minimum repurchase amount of not less than RMB 35 million
Meiteng Technology (688420.SH): Intelligent system products include intelligent filter systems
Gelonghui, December 25|Meiteng Technology (688420.SH) said on the investor interactive platform that the company's intelligent system products include intelligent filter systems.
Meiteng Technology (688420.SH): Mainly engaged in R&D, design, manufacturing and sales of the four core products of intelligent sorting, smart factories, sensing instruments, and intelligent management
Gelonghui, December 13|Meiteng Technology (688420.SH) said on the investor interactive platform that the company is mainly engaged in R&D, design, manufacturing and sales of the four core products of intelligent sorting, smart factories, sensing instruments, and intelligent management. It is a technology enterprise that mainly provides intelligent equipment and systems for the industrial and mining industry. “Meiteng Technology” can cover the company's business in a comprehensive and comprehensive manner, and also better reflect the company's technology-led concept.
Meiteng Technology (688420.SH): Li Taiyou, the actual controller and chairman, proposed a share repurchase of 35 million yuan to 70 million yuan
Gelonghui on December 10 | Meiteng Technology (688420.SH) announced that on December 8, 2023, the company's board of directors received the “Letter on the Proposal for Tianjin Meiteng Technology Co., Ltd. to repurchase the company's shares” from Mr. Li Taiyou, the actual controller and chairman of the company. Mr. Li Taiyou proposed that the company use its own capital or overraised funds to repurchase some of the RMB common stock (A shares) shares already issued by the company through centralized bidding transactions. The total repurchase capital should not be less than RMB 35 million and not more than RMB 70 million. The repurchase price of shares shall not exceed RMB 35 per share.
Meiteng Technology (688420.SH): Current unmanned robot related business
Gelonghui, December 7, Meiteng Technology (688420.SH) said on an interactive platform that the company's self-developed dry separator series products, intelligent systems, and specific instruments in instrument products, intelligent systems, and instrument products are all high-tech intelligent products, and have been applied in many industrial sites. The company is currently in the business related to unmanned robots.
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