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For long-term considerations, Hangyang decided to increase its capital by 70 million yuan in Jiangyang

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release time:2019-08-02
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[Summary]Gelonghui on July 28th丨Hangyang (002430) (002430.SZ) announced that Jiangxi Oxygen Making Machine Co., Ltd. ("Jiangyang") is a wholly-owned subsidiary of the company. Due to factors such as rising raw material prices, fierce market competition and low product gross profit margins, profitability is insufficient and liquidity is in short supply. Jiangyang has a superior geographical environment. It is a high-tech enterprise with high market recognition and sound production qualifications in the development of mobile pressure vessels such as normal temperature tanks, cryogenic tank trucks and cryogenic tanks. For long-term considerations, the company decided to increase Jiangyang's capital by 70 million yuan. The increased capital is mainly used to improve manufacturing capacity and at the same time alleviate the shortage of Jiangyang's liquidity.

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For long-term considerations, Hangyang decided to increase its capital by 70 million yuan in Jiangyang

Classification:news
Author:
source:
release time:2019-08-02
Visits:0

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Gelonghui on July 28th丨Hangyang (002430) (002430.SZ) announced that Jiangxi Oxygen Making Machine Co., Ltd. ("Jiangyang") is a wholly-owned subsidiary of the company. Due to factors such as rising raw material prices, fierce market competition and low product gross profit margins, profitability is insufficient and liquidity is in short supply. Jiangyang has a superior geographical environment. It is a high-tech enterprise with high market recognition and sound production qualifications in the development of mobile pressure vessels such as normal temperature tanks, cryogenic tank trucks and cryogenic tanks. For long-term considerations, the company decided to increase Jiangyang's capital by 70 million yuan. The increased capital is mainly used to improve manufacturing capacity and at the same time alleviate the shortage of Jiangyang's liquidity.

　　 This capital increase is conducive to improving Jiangyang's process level and manufacturing capacity, and is conducive to improving its product structure, expanding the scale of operating income and increasing the level of gross profit, thereby improving its operating conditions.

杭氧股份

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