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The Market Doesn't Like What It Sees From Gansu Energy Chemical Co., Ltd.'s (SZSE:000552) Earnings Yet
Gansu Energy & Chemical: Report for the third quarter of 2024
Gansu Energy Chemical (000552.SZ) net income for the first three quarters was 1.032 billion yuan, a decrease of 33.85% year-on-year.
October 30th, Gansu Energy Chemical (000552.SZ) released the third quarter report. The company achieved revenue of 7.801 billion yuan in the first three quarters, a decrease of 9.35% year-on-year; net income of 1.032 billion yuan, a decrease of 33.85% year-on-year. In the third quarter alone, revenue was 2.176 billion yuan, a decrease of 23.67% year-on-year; net income was 0.134 billion yuan, a decrease of 51.91% year-on-year.
gansu energy chemical (000552.SZ): As of now, the first phase of the Liu Huachemical project's air separation unit cold commissioning work has been successfully completed.
Gansu Energy Chemical (000552.SZ) stated on the investor interaction platform on October 15 that as of now, the first phase of the LiuHuachem project air separation unit cold commissioning has been successfully completed, with the electrical commissioning, packaging building, stack bridge, packaging, loading equipment single machine test completed, and the second phase of the project's public works being implemented simultaneously.
Shareholders in Gansu Energy Chemical (SZSE:000552) Are in the Red If They Invested Three Years Ago
gansu energy chemical (000552.SZ): The Hongsaliang mine is scheduled to be completed by the end of 2025.
Gansu Energy Chemical (000552.SZ) stated on the investor interaction platform on October 8 that the Liu Hong Railroad is currently not connected to the company's subordinate Hongshaliang Mining Area. The Hongshaliang open-pit mine has completed the quality certification of a single open-pit mine project, and is expected to complete the acceptance of the open-pit mine by the end of December; the Hongshaliang underground mine is planned to be completed by the end of 2025.
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