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Gansu Shangfeng Cement (000672.SZ): Plans to use no more than 0.3 billion yuan for Private Equity investments in XINJINGJI.
On February 19, Longhu announced that Gansu Shangfeng Cement (000672.SZ) has disclosed plans to optimize its Assets allocation structure, promote enterprise transformation and upgrading, cultivate new economic growth points, and pursue a path of high-quality development. In accordance with the overall development plan, and provided that it does not affect the company's normal Operation and the risks are controllable, the company plans to use no more than 0.3 billion yuan (including 0.3 billion yuan) for Private Equity investments in the new economy. The total quota shall not exceed 0.3 billion yuan in a natural year, and the company's management is authorized to be responsible for the implementation of specific projects and other related matters.
Gansu Shangfeng Cement (000672.SZ): plans to increase capital for its holding subsidiary, Duyun Shangfeng.
Gelonghui announced on January 13 that Gansu Shangfeng Cement (000672.SZ) has revealed that the Duoyun Shangfeng Southwest Cement Co., Ltd. (referred to as "Duoyun Shangfeng") is a holding subsidiary owned 50% by Zhejiang Shangfeng Building Materials Co., Ltd. (referred to as "Shangfeng Building Materials"), a wholly-owned subsidiary of Gansu Shangfeng Cement Co., Ltd. To meet the operational development needs of Duoyun Shangfeng, Shangfeng Building Materials and the joint venture partner Guizhou Tianshan Cement Co., Ltd. (referred to as "Guizhou Tianshan") plan to increase capital to Duoyun Shangfeng in cash amounting to 70 million yuan according to their respective investment ratios. After the increase, the company's shareholding ratio remains unchanged.
Gansu Shangfeng CementLtd (SZSE:000672) May Have Issues Allocating Its Capital
Gansu Shangfeng CementLtd (SZSE:000672) Has A Pretty Healthy Balance Sheet
Shangfeng Cement: Report for the third quarter of 2024
gansu shangfeng cement (000672.SZ) net income in the third quarter was 0.234 billion yuan, a year-on-year increase of 38.09%.
Geelonghui October 29th | Gansu Shangfeng Cement (000672.SZ) released the third quarter report of 2024, the company achieved revenue of 3.815 billion yuan in the first three quarters, a decrease of 21.77% year-on-year; net income of 0.404 billion yuan, a decrease of 42.27% year-on-year. Among them, revenue in the third quarter was 1.423 billion yuan, a decrease of 14.71% year-on-year; net income was 0.234 billion yuan, an increase of 38.09% year-on-year.
Gansu Shangfeng CementLtd (SZSE:000672) Might Be Having Difficulty Using Its Capital Effectively
