Corporate News
Cimc Safeway (301559.SZ) closed unchanged at 12.26 PM Central European Time on Thursday 22 June 2026. The share price remained flat over the 24‑hour period, with no net change reported. At the close, one share was priced at approximately CNY 12.50 on major exchanges.
- Shares Outstanding: 600 million
- Market Capitalisation: CNY 7.6 billion
- Volume Traded (last 24 h): CNY 16.9 million
- Year‑to‑Date Performance: Down 1.64 % since the end of last month
- 200‑Day Simple Moving Average: CNY 13.06
- 52‑Week High: CNY 19.44 (recorded 22 January 2026)
- 52‑Week Low: CNY 11.91 (recorded 29 June 2026)
The stock’s performance was mirrored by several peers in the same trading session, all of which finished flat.
| Symbol | Current Price (CNY) | Market Capitalisation (CNY) | P/E Ratio |
|---|---|---|---|
| 002706.SZ – Shanghai Liangxin Electric | 8.56 | 9.1 billion | 55.12 |
| 601003.SS – Liuzhou Iron & Steel | 3.39 | 9 billion | 22.86 |
| 000006.SZ – Shenzhen Zhenye | 6.69 | 9 billion | – |
| 300595.SZ – Ovctek China | 10.00 | 9 billion | 19.36 |
| 688289.SS – Sansure Biotech | 15.74 | 9.1 billion | 69.82 |
Ovctek China Acquisition
On the same Thursday, Ovctek China (300595.SZ) announced the acquisition of Hengyi Medical Services Co., a wholly owned subsidiary of its indirect holding unit. The transaction, valued at 1.2 billion yuan, was completed at a premium exceeding 23 times the target’s book value. Hengyi operates eye‑care clinics and vision centers across Yunnan and has shown strong profitability last year with projected earnings growth over the next five years. The purchase includes performance guarantees and a phased payment structure to mitigate potential shortfalls. Ovctek stated that the deal aligns with its strategy to strengthen its presence in the Southwest region and to transition from product manufacturing toward a full‑chain service model. Risks highlighted include integration challenges, performance shortfalls, and goodwill impairment.
Company Profile
CIMC Safeway Technologies Co. Ltd. is a Chinese enterprise listed on the Shenzhen Stock Exchange.