Sino-Singapore Jingwei, June 28. In the early trading of June 28, Zhejiang Yongqiang opened sharply lower, falling more than 9% at one time. As of press time, it reported 3.7 yuan, down 8.19%.
On the news, Zhejiang Yongqiang announced on the evening of the 27th that Sunvilla Corporation, a wholly-owned subsidiary of Yongqiang (Hong Kong) Co., Ltd., a wholly-owned subsidiary, decided to recall production and sales from December 2020 to May 2022 in the United States and Canada. A 10ft solar powered light umbrella.A total of 447,200 units of this product have been exported to the US and Canada markets, some of which have been sold and some are still in customer warehouses.
The main reason for this recall is that the lithium-ion battery in the solar panel module of this product is partially overcharged during use or charging, which may cause spontaneous combustion or fire.
The announcement stated that the company and its subsidiaries will bear the costs and costs associated with the recall.The relevant cost loss that may be incurred by this recall is initially expected to be between 10 million and 20 million US dollars, and the specific amount will be subject to the actual recalled products.In response to the possible losses caused by this recall, the holding subsidiary Ningbo Yize Commodity Co., Ltd. is expected to accrue related losses of US$15 million in the first half of 2022, which is expected to have a certain impact on the current operating performance of the company and its subsidiaries.
According to the company's official website, Zhejiang Yongqiang Group Co., Ltd., founded in 1992, is a furniture manufacturer integrating design, development, production and sales.
In terms of performance, according to the company's first quarterly report in 2022, the company's main income was 3.153 billion yuan, a year-on-year increase of 15.21%; the net profit attributable to the parent was 137 million yuan, a year-on-year decrease of 41.58%.(Sino-Singapore Jingwei APP)
