Reported 5 months ago
On July 17, the automotive parts companies Guanghua-KY and Jianlin each declared dividends of 0.5 and 5 yuan, respectively. While Jianlin's shares declined after an initial rise, Guanghua's shares remained positive. Guanghua announced that new orders from its 'Light and Beauty System Development' will start shipping in Q4 for BYD and Honda, contributing positively to its operations. Despite facing intense competition and a decline in the Japanese car market, Guanghua has successfully entered the new energy vehicle sector. With increasing demand for lightweight and energy-saving components, the company expects to stabilize its operations in the second half of the year, showing optimism for new order shipments.
Source: YAHOO