Ningde era also set up a new company with a registered capital of 2.5 billion!

Published: Oct 12, 2021 09:29
In the Ningde era, a new company was established with a registered capital of 2.5 billion yuan! According to information from enterprises, Suzhou Times Xin'an Energy Technology Co., Ltd. (referred to as "Suzhou Times") was officially established on October 8. The legal representative of Suzhou era is Jiang Yong, with a registered capital of 2.5 billion yuan. Its business scope includes research and development of emerging energy technologies, manufacturing and sales of new energy primary equipment, research and development of energy recovery systems, sales of new energy automobile electrical accessories, sales of power exchange facilities, research and development of auto parts, manufacture of auto parts and accessories, wholesale of auto parts, retail of auto parts, sales of charging piles, etc.

According to information from enterprises, Suzhou Times Xin'an Energy Technology Co., Ltd. (referred to as "Suzhou Times") was officially established on October 8.

The legal representative of the Suzhou era is Jiang Yong, with a registered capital of 2.5 billion yuan. Its business scope includes research and development of emerging energy technologies, manufacturing and sales of new energy primary equipment, research and development of energy recovery systems, sales of electrical accessories of new energy vehicles, sales of power exchange facilities, research and development of auto parts, manufacture of auto parts and accessories, wholesale of auto parts, retail of auto parts, sales of charging piles, centralized fast charging stations. Battery manufacturing; battery sales; research and development of new materials and technology, etc.

The equity penetration map shows that there are four major shareholders in Suzhou era, of which Ningde era ranks first among its shareholders. the other three major shareholders are Jiang Yong, Shanghai Shida Investment Management Co., Ltd., Suzhou Xinyue Zhonghe Business Consulting Center (limited partnership).

In the information released by the enterprise, the shareholding proportion of the major shareholders in Suzhou era is unknown.

However, reports from Fast Technology pointed out that Ningde Times contributed 1.35 billion yuan and held a 54 per cent stake in Suzhou Times.

It is worth noting that the chairman of the Suzhou era was Li Ping, and Li Ping was the ultimate beneficiary. Jiang Yong is the legal representative, general manager and director of Suzhou era.

Li Ping is the fifth largest shareholder in the Ningde era, which directly holds a 4.81% stake in the Ningde era. Li Ping is also the legal representative, ultimate beneficiary and executive director of Shanghai Shida Investment Management Co., Ltd., which holds a 90% stake in Shanghai Shida Investment Management Co., Ltd.

In addition, the actual controller and ultimate beneficiary of Suzhou Xinyue Zhonghe Business Consulting Center (limited partnership) is Jiang Yong, who directly holds a 99% stake in Suzhou Xinyue Zhonghe. In Suzhou Pangu Enterprise Management Consulting Co., Ltd., which owns another 1% of Suzhou Xinyue Zhonghe, Jiang Yong's shareholding also reached 99.9933%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
19 hours ago
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
Read More
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
[SMM Nickel Flash] Based on nickel ore prices from 25 days ago, smelter profits for high-grade NPI remained high this week. However, from the current raw material side, ore prices from both the Philippines and Indonesia increased, while auxiliary material prices saw a slight pullback, leading to an increase in the cash cost of producing high-grade NPI from spot ore. At the same time, high-grade NPI prices experienced some pullback, making it difficult for smelter profits to see sustained improvement.
19 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
19 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
Read More
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
[SMM Nickel Flash] This week, due to a sharp decline in futures triggering arbitrage selling, high-grade NPI prices fell significantly. However, after the selling activity subsided, upstream quotations and the market center gradually returned to normal levels, supported by cost factors. Looking ahead, as the Chinese New Year holiday approaches, market activity is expected to remain subdued, and high-grade NPI prices are projected to hover at highs with limited fluctuations.
19 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
19 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Read More
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
[SMM Nickel Flash] The SMM average price of 10-12% high-grade NPI fell 17.2 yuan/mtu WoW to 1,035.8 yuan/mtu (ex-factory, tax included), while the Indonesia NPI FOB index average price dropped 2.06 $/mtu WoW to 131.2 $/mtu. At the beginning of the week, futures hit limit-down, and nickel prices fell sharply WoW, driving the emergence of arbitrage supplies sold at low prices, leading to a significant decline in high-grade NPI prices.
19 hours ago