Zhitong Finance APP learnedcardgamespoker, Lijin Technology (00558) is now up nearly 5%cardgamespoker, as of press time, up 4cardgamespoker.64%, reported 4cardgamespoker.06 Hong Kong dollars, with a turnover of 29.0491 million Hong Kong dollars.
On the news front, on May 21, Orix Financial Leasing (China) Co., Ltd., a subsidiary of Orix Group, signed a strategic cooperation agreement with Lijin Group. ORIX Financial Leasing will provide comprehensive financial services such as financial leasing and operating leasing for Lijin's three major business segments: die-casting machines, injection molding machines and CNC machine tools. In the next three years, the cooperation amount between the two parties in the above three fields will be no less than 2 billion yuan. In addition, Orix Financial Leasing (China) Co., Ltd. will purchase more than 5000 Lijin machine tools in the next three years to help the two-way improvement of Lijin Group's machine tool production capacity and industrial efficiency.
Guotai Junan International previously stated that Lijin Technology will benefit from Tesla's increase in capital expenditures and expansion into large electric vehicle models; the company will also benefit from the easing of the price war among Chinese new energy vehicle manufacturers and government support policies are expected to reinvigorate capital expenditures in the electric vehicle industry. In addition, with the implementation of China's "Action Plan to Promote the Exchange of Old Consumer Goods for New", demand for home appliances is expected to increase, and the revenue of Lijin Technology's injection molding machine segment is expected to increase.