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Bengang Steel Plates (SZSE:000761) Has Debt But No Earnings; Should You Worry?
In the third quarter, the loss amount is close to the annual level of last year. How to solve the "dilemma" of the steel industry? Suggestions from the industry recommend actively reducing production.
①In the third quarter, the losses in the steel industry worsened, with 21 out of 27 listed steel smelting companies experiencing losses, totaling over 14.5 billion yuan, with the total quarterly loss amount almost approaching that of the entire previous year. ②Industry experts believe that the main reason for the losses is the overcapacity in the steel industry itself, poor industry self-discipline, failure to actively limit production, oversupply of products, continuous decline in steel prices, slow decrease in raw material prices, and severe industry profit compression.
Benji Steel Sheet: Report for the third quarter of 2024
Bengang Steel Plates (000761.SZ) released its performance for the first three quarters, with a net loss of 3.206 billion yuan.
Bengang steel plates (000761.SZ) released the third quarter report of 2024. In the first three quarters, the company achieved revenue...
bengang steel plates (000761.SZ): net loss of 3.206 billion yuan in the first three quarters.
Gelonghui October 28th | Bengang Steel Plates (000761.SZ) announced the third quarter report for 2024, with the company achieving revenue of 40.168 billion yuan in the first three quarters, a year-on-year decrease of 7.66%; net income attributable to shareholders of the listed company -3.206 billion yuan; net income attributable to shareholders of the listed company excluding non-recurring gains and losses -3.329 billion yuan; basic earnings per share -0.7803 yuan.
Bengang Steel Plates (SZSE:000761) Adds CN¥2.9b to Market Cap in the Past 7 Days, Though Investors From Three Years Ago Are Still Down 28%
Is Bengang Steel Plates (SZSE:000761) A Risky Investment?
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