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Investors Continue Waiting On Sidelines For Xinxing Ductile Iron Pipes Co., Ltd. (SZSE:000778)
Investors in Xinxing Ductile Iron Pipes (SZSE:000778) Have Unfortunately Lost 24% Over the Last Three Years
Xinxing Foundry: 2024 Annual Performance Forecast
Xinxing Ductile Iron Pipes (000778.SZ): The net income for the year 2024 is expected to decrease by 83.78%-89.19%.
On January 20, Gelonghui reported that Xinxing Ductile Iron Pipes (000778.SZ) announced its performance forecast for 2024, predicting a net income attributable to the shareholders of the listed company of 0.146 billion yuan to 0.219 billion yuan, a decrease of 89.19% to 83.78% compared to the same period last year; the net income attributable to the shareholders of the listed company after deducting non-recurring gains and losses is expected to be a loss of 95.7212 million yuan to 0.144 billion yuan; the basic EPS is expected to be a profit of 0.0366 yuan/share to 0.0549 yuan/share. Since 2024, the structural contradictions in the supply and demand of the Steel Industry have intensified, leading to continued differentiation and adjustment, with steel prices declining.
Xinxing Ductile Iron Pipes (SZSE:000778) Might Be Having Difficulty Using Its Capital Effectively
Individual Investors Invested in Xinxing Ductile Iron Pipes Co., Ltd. (SZSE:000778) Copped the Brunt of Last Week's CN¥718m Market Cap Decline
Returns On Capital Signal Tricky Times Ahead For Xinxing Ductile Iron Pipes (SZSE:000778)
