The hottest Siemens China increased its capital to

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Editor's note: in the next 10 years, Siemens China will transfer its orders for thermal power generation equipment and gas turbine power generation equipment to Shanghai Electric's power generation equipment company. Siemens (China) Co., Ltd. (hereinafter referred to as Siemens China) increased the capital of 712million yuan to Shanghai Electric Power Station Equipment Co., Ltd. (hereinafter referred to as Shanghai Power Station) in order to survive the fierce market competition as soon as possible, and the shareholding ratio increased to 40%

on the evening of September 4, Shanghai Electric Group Co., Ltd. announced that Shanghai power station and its four existing shareholders signed a capital increase agreement on September 3. All parties agreed to increase the capital of the electric power station based on the assessed net assets of 6.542 billion yuan of Shanghai power station as of March 31, 2009, and Siemens China invested 712 million yuan

after the capital increase, Siemens China's shareholding in Shanghai power station increased from 33.7% to 40%. However, Shanghai Electric still holds 60% of the equity of Shanghai power station through its three subsidiaries, and continues to maintain its absolute controlling position

the announcement also said that Siemens promised to transfer its orders for thermal power generation equipment (including steam turbines and steam turbine generators) in the international medium and high-end market and at least a complete set of gas turbine power generation equipment to Shanghai power station every year in the future, and the cooperation period of the transfer orders should be at least 10 years

the company said that this cooperation will help the company speed up its entry into the overseas power generation equipment market and maintain its leading position in the power generation equipment market

however, the company expects that in the next two to three years, Siemens will make progress. In addition, the orders actually transferred by the offshore power station after each use of the experimental machine will not have a significant impact on the company's annual operating revenue and net profit

Shanghai power station is a power generation equipment company under Shanghai Electric, taking tensile test as an example. The main business of the company is power generation equipment manufacturing, general contracting of power station projects, and service projects related to power generation equipment and power station project construction. The main products include various specifications of thermal power generating units, hydraulic power generation equipment, wind power generation equipment, etc

according to the announcement, Shanghai power station will use the capital increased by Siemens China to purchase several assets of Shanghai Lingang heavy equipment Co., Ltd. (hereinafter referred to as Shangdian Lingang), including land use rights, buildings, decoration, equipment and ancillary facilities used to manufacture power generation equipment in Pudong New Area, Shanghai

the announcement points out that this capital increase will provide additional funds for asset acquisition, speed up the integration of the power equipment business of Shanghai power station and Shanghai Power Lingang, and help Siemens China provide technical and management support to the problem stations that can be seen by the eyes, such as whether Shanghai power has scratch

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