Great Wall Electric (600192.SH): Plans to transfer 100% of Sun Company's shares in Changkai Electric Power for 348 million yuan

Zhitong Finance App News, Great Wall Electric (600192.SH) announced that Tianshui Great Wall Switch Factory Group Co., Ltd., a wholly-owned subsidiary of the company, plans to transfer 100% of its wholly-owned subsidiary Tianshui Changkai Electric Power Engineering Co., Ltd. (abbreviation: Changkai Electric Power) to Gansu Electric Equipment Group Water Resources and Hydropower Engineering Co., Ltd., a wholly-owned subsidiary of the company's controlling shareholder, Gansu Electric Equipment Group Co., Ltd. This transaction can further focus on the core business of power transmission and distribution equipment manufacturing, which is conducive to optimizing resource allocation and enhancing the company's overall profit level and ability to operate continuously.