Wulun Technology Plans to Purchase RMB 180 Million in Bank Wealth Management Products
Shenzhen Wulun Technology Co., Ltd. announced on April 14 that in order to improve the efficiency of fund utilization and increase investment returns, without affecting the normal development of the company's main business and ensuring operational needs, the company plans to use no more than RMB 180 million (inclusive) of idle funds to invest in low-risk wealth management products issued by banks and securities companies, thereby enhancing the company's returns and aligning with the interests of all shareholders.<\/p>
By moderately investing in low-risk short-term financial products, the company can improve the efficiency of fund usage and achieve higher returns than regular savings, which is beneficial for further enhancing the overall performance of the company and providing better investment returns for the company and its shareholders.<\/p>
According to Tongbi Finance, the company's main business is the research, production, and sales of electronic cigarettes and their supporting products.<\/strong><\/p> Electronic cigarettes<\/strong> have been invented in China since 2004, and it has been nearly 20 years. The electronic cigarette industry<\/strong> has developed rapidly, with Bao'an in China being a major production base for electronic cigarettes, complete upstream and downstream industrial chains, and technological innovation at an internationally leading level. Electronic cigarettes are primarily exported to regions such as Europe and America. The development of the electronic cigarette industry is becoming more standardized and gradually entering a legal and regulated track.<\/p> According to an article from the "Oriental Tobacco Journal," as of the end of 2021, the "World Health Organization Framework Convention on Tobacco Control" had 182 parties. The parties have made positive progress in measures to reduce tobacco demand, reduce tobacco supply, and reduce tobacco harm, such as multiple measures to prevent minors from using tobacco, combat illegal trade in tobacco products, and strengthen regulation of novel tobacco<\/strong> products. Many countries have established control policies and tax standards for electronic cigarettes, and with the hot sales of disposable electronic cigarette products<\/strong>, the environmental issues they bring are also receiving increasing attention.<\/p> According to an analysis report published by the Truth Initiative on the global disposable electronic cigarette market<\/strong>, the market size for disposable electronic cigarettes globally was approximately RMB 30.021 billion in 2022, and the overall demand for disposable electronic cigarettes is expected to continue to grow, with a compound annual growth rate of 11.2% from 2023 to 2025, reaching a market size of approximately RMB 41.25 billion by 2025.<\/p> According to information released by Frost & Sullivan, the market data collection and organization results from the Zhongyan Puhua Industry Research Institute show that the global disposable cotton core electronic cigarette market reached RMB 3.012 billion in 2022, a year-on-year increase of 134.26% compared to 2021. The company's leading product (disposable cotton core small cigarettes<\/strong>) had an international market share of 18.62% in 2021, ranking third in the international market, and a market share of 16.31% in 2022, still ranking third.<\/p> The company's five major clients include Elda Ltd, AKS HOLDING LTD, POLYFLAME EUROPE SAS, AKIVA SARL, and MY OFFICE USA CORP.<\/p> The company's five major suppliers include Hunan Julith New Energy Technology Co., Ltd., Ji'an Youteli Technology Co., Ltd., Hangzhou Shangge Semiconductor Co., Ltd., Huizhou Hengtai Technology Co., Ltd., and Shenzhen Yishu Technology Co., Ltd.<\/p> From the company's financial data over the past five years, the total revenue growth has been good; the net profit attributable to the parent company has been excellent; the return on net assets has been good, and the profitability level is satisfactory.<\/p> Tip from Tongbi Finance: According to public data, Wulun Technology (833767) had an operating income of RMB 309,233,670.04 in 2021, a net profit attributable to the parent company of RMB 24,175,961.39, a return on net assets of 133.99%, and an operating income growth rate of 158.65%.<\/p> The current lead underwriter is Tianfeng Securities Co., Ltd., and the trading method is market-making, belonging to the innovation layer.<\/p>
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