Chenfeng Technology plans to increase capital by 90 million yuan to its wholly-owned subsidiary Beiwang Intelligent Computing

On July 20, Chenfeng Technology announced that the company plans to increase capital to its wholly-owned subsidiary Zhejiang Beiwang Intelligent Computing Technology Co., Ltd. (hereinafter referred to as "Beiwang Intelligent Computing") with 90 million yuan to use for its business development needs. After the capital increase, the registered capital of Beiwang Intelligence was changed from 30 million yuan to 120 million yuan. After the capital increase is completed, Beiwang Intelligent Computing will still be a wholly-owned subsidiary of the company.

After the capital increase is completed, Beiwang Intelligent Computing will be committed to creating a new integrated computing ecosystem based on incremental distribution networks, integrating high-quality resources in the industry, covering the full business chain of computing center planning, design, construction and operation, and providing an overall solution for computing centers with a high proportion of green power and low electricity costs.

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Chenfeng Technology is mainly engaged in the two major businesses of LED lighting product structural components and new energy. Among them, the specific products of the LED lighting product structural components business include LED bulb radiators, lamp base products, printed circuit boards, lamp metal and other products. The new energy business mainly includes the operation of incremental distribution networks and the development and operation of wind power plants and photovoltaic power plants.

On June 23 this year, Chenfeng Technology issued an announcement that it planned to sell 6 idle vehicles to Haining Qiujing Investment Co., Ltd. and 53 idle machinery and equipment to Haining Jinmao Hardware Co., Ltd. The estimated total sales price of this transaction is 8.1461 million yuan (including tax), and the total expected disposal income is approximately 3.6238 million yuan.

In terms of performance, Chenfeng Technology achieved operating income of 1.27 billion yuan in 2024, a year-on-year increase of 1.8%; the net profit attributable to shareholders of listed companies was 11.09 million yuan, a year-on-year decrease of 86.8%. Among them, the new energy business achieved revenue of 165 million yuan, a year-on-year increase of 333.58%. (Compiled by LEDinside)