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隆达股份拟4000万美元增资海外公司 聚焦国际化境外营收2.62亿增167%
Chang Jiang Shang Bao· 2025-05-26 23:35
Core Viewpoint - Longda Co., Ltd. is intensifying its investment in overseas subsidiaries to advance its internationalization strategy, particularly through a $40 million increase in investment in its Singapore subsidiary, Singda Superalloy PTE. LTD. [1][5] Investment Strategy - Longda Co., Ltd. plans to invest an additional $40 million in its Singapore subsidiary to enhance overseas manufacturing capacity, upgrade equipment, and improve local operational systems [1][3] - The total investment in the Singapore subsidiary will rise from $20 million to $60 million following this additional investment [3] Financial Performance - As of the end of March, Longda Co., Ltd. had cash reserves of 175 million yuan (approximately $25 million) and discounted receivables of about 200 million yuan (approximately $29 million), which can be utilized for the increased investment [1][3] - In 2024, Longda Co., Ltd. reported overseas revenue of 262 million yuan (approximately $38 million), a year-on-year increase of 167.82% [7] - The company's gross margin for overseas markets reached 29.8%, an increase of 7.1 percentage points year-on-year [7] Market Expansion - The establishment of the Singapore subsidiary is part of Longda Co., Ltd.'s strategic development plan to create an international operational platform, including a business headquarters and R&D center in Southeast Asia [2] - The company is expanding its product lines to include corrosion-resistant alloys and high-performance special deformation alloys to meet international customer demands [3] Recent Developments - Longda Co., Ltd. has completed the acquisition of land for its Malaysian subsidiary, which is set to begin construction in July 2025 [2][4] - The company has seen a recovery in its performance, with 2024 revenues reaching 1.391 billion yuan (approximately $200 million), a 15.22% increase year-on-year, and a net profit of 66.11 million yuan (approximately $9.5 million), up 19.38% [6][8]
江苏隆达超合金股份有限公司关于对新加坡全资子公司增加投资的公告
Shang Hai Zheng Quan Bao· 2025-05-25 18:02
Core Viewpoint - The company, Jiangsu Longda Superalloy Co., Ltd., is increasing its investment in its wholly-owned subsidiary in Singapore, Singda Superalloy Pte. Ltd., by $40 million to enhance its overseas manufacturing capacity and product offerings [1][4]. Investment Overview - The total investment in the Singapore subsidiary will rise from $20 million to $60 million following this additional investment [4]. - The additional $40 million will be allocated for expanding factory infrastructure, upgrading key production and testing equipment, supplementing operational funds, and improving the local supply chain [4]. Project Development - The Singapore subsidiary has established a wholly-owned subsidiary in Malaysia, Singda Superalloy (Malaysia) Sdn. Bhd., which is set to begin construction in July 2025 with a projected construction period of 15 months [3]. - The project will include the production of high-temperature alloy master alloys, corrosion-resistant nickel-based alloys, and other specialized alloys [3]. Financial Position - As of the end of the first quarter of 2025, the company reported cash and cash equivalents of approximately 175 million yuan (about $25 million) available for this investment [4]. - The company has also secured a total bank credit line of 120 million yuan (approximately $17 million) to support its operational needs [4]. Decision-Making Process - The investment decision was approved by the company's board of directors with unanimous support, and it does not require shareholder approval as it falls within the board's authority [5].