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SunKing Power Electronics Group Ltd (0580.HK)

0580.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Sunking Power Electronics Group says FY profit attributable RMB143.9 mln
Tuesday, 14 Mar 2017 08:23am EDT 

Sunking Power Electronics Group Ltd <0580.HK>: FY profit attributable RMB143.9 million versus RMB62.3 million . Final dividend of HK1.5 cent per share .FY revenue RMB857 million versus RMB782 million.  Full Article

SunKing Power Electronics Group issues profit alert
Monday, 14 Nov 2016 05:32am EST 

SunKing Power Electronics Group Limited <0580.HK>: Sun.King Elec-positive Profit Alert <0580.HK> . Expected growth in consolidated net profit was due to increase in orders and delivery volume of self-produced products of group . Group is expected to record a growth of more than 100% for twelve months ending 31 December 2016 as compared to 2015 .Expected result to a significant increase in orders and delivery volume of self-produced products.  Full Article

SunKing Power Electronics Group says entered into supply contracts<0580.HK>
Tuesday, 30 Aug 2016 08:23am EDT 

SunKing Power Electronics Group Ltd <0580.HK>: Says total contract amounts of RMB131.8 million as of 29 August . Unit enters into contracts with Xj Electric,Xi'An Electric Power System,Changzhou Borui Electric Power Automation Equipment . Jiashan Sunking entered contract with China Epri Electric Power Engineering for supply of anode saturable reactors .  Full Article

SunKing Power Electronics issues positive profit alert<0580.HK>
Friday, 8 Jul 2016 08:28am EDT 

SunKing Power Electronics Group Ltd <0580.HK>: Positive profit alert <0580.HK> . Consolidated net profit of the group is expected to record a remarkable growth for six months ended 30 June 2016" . Expected result due to further improvement in the gross profit margins of the group's products .  Full Article

Sunking Power Electronics says unit enters into formal sale and purchase agreement<0580.HK>
Monday, 6 Jun 2016 05:52am EDT 

SunKing Power Electronics Group Ltd <0580.HK>: Unit, as the purchaser, entered into the a formal sale and purchase agreement . Deal in relation to the acquisition of 65% of the issued share capital of the target co Astrol Electronic Ag . Says deal for a cash consideration of no more than CHF3.9 million and not less than CHF2.6 million .  Full Article

Sunking Power Electronics says unit received notices in relation to two transactions<0580.HK>
Tuesday, 17 May 2016 04:29am EDT 

SunKing Power Electronics Group Ltd <0580.HK>: Jiashan Sunking Power equipment technology received notices in relation to two transactions . Says aggregate transaction amount is approximately RMB265.9 million . Will subsequently enter into written contracts with China-epri electric power engineering co .  Full Article

Sun.King Power Electronics Group Ltd updates on termination of negotiations regarding transaction
Tuesday, 22 Sep 2015 04:29am EDT 

Sun.King Power Electronics Group Ltd:Termination of negotiations regarding the possible transaction.Says no formal agreement has been entered into between the controlling shareholder and the potential purchaser.Mou has automatically lapsed and the parties to the MOU ceased negotiations regarding the possible transaction.Board considers that termination of mou would have no material adverse impact on financial and operational position of co.Pursuant to the terms of the MOU, should the Controlling Shareholder and the Potential Purchaser do not enter into any formal agreement within 90 days from the date of the MOU, i.e. 24 June 2015, (the “Exclusivity Period”), the MOU shall lapse.  Full Article

Sun.King Power Electronics Group Ltd gives H1 2015 revenue outlook
Thursday, 2 Jul 2015 05:18am EDT 

Sun.King Power Electronics Group Ltd:Says based on the preliminary information currently available.the board expects to record a remarkable increase in operating revenue and turn from loss to gains for H1 2015 as compared to H1 2014, with net profit recording a significant growth.  Full Article

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