Huali Co., Ltd. (603038.SH): The subsidiary Kangmao Electronics does not have R&D capabilities for Huawei Hongmeng related systems

Zhitongcaijing · 10/17 09:17

According to Zhitong Finance App News, Huali Co., Ltd. (603038.SH) issued a risk warning notice stating that currently, the company is concerned that there are still media and stock rumors that the company has a “Huawei Hongmeng” related concept. The company once again explained the situation related to the holding subsidiary Dongguan Kangmao Electronics Co., Ltd. (hereinafter referred to as “Kangmao Electronics”) that investors are concerned about: the company invested 60% of Kangmao Electronics in 2019. Up to now, Kangmao Electronics does not have the ability to develop related systems. Kangmao Electronics mainly sells Huawei government and enterprise products ideahub conference tablets; Huawei smart home products; Huawei Cloud, etc., with sales revenue of 1991,000 yuan and net profit of 1,548,200 yuan in the first half of 2024.