On March 31, Lingpai Technologies announced that it intends to transfer 100% equity of Lingpai Research Institute, a wholly-owned subsidiary of Wuqiang Power, at a transfer price of RMB 1.
Leading Technologies said that if the transaction is implemented smoothly, it will help the company to revitalize inefficient assets, optimize asset structure, reduce liabilities and reduce financial costs.
The company will also focus more on new energy batteries, energy storage system integration and new energy EPC integrated services.
The leading technology was founded in 2002 and transformed into the field of new energy batteries in 2020.
The performance forecast shows that the company expects a net profit loss of 116 million yuan to 174 million yuan in 2025. Established in May 2022,
the Institute is mainly engaged in new material technology research and development, new material technology promotion services and energy storage technology services.
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