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Xinjiang Tianshan Cement (000877.SZ): Plans to increase investment in China National Materials Green Energy by 18.8048 million U.S. dollars.
Gelonghui, December 6th丨Xinjiang Tianshan Cement (000877.SZ) announced that to plan and establish a carbon management system and enhance carbon trading capabilities, Xinjiang Tianshan Cement intends to increase capital by 18.8048 million USD in cash to the controlling subsidiary of Beijing New Building Materials Group Co., Ltd. (referred to as "Beijing New Group"), China National Building Material Green Energy Co., Ltd. (referred to as "CNBM Green Energy"). Among this amount, 17.6471 million USD will be included in registered capital, and the remaining amount will be added to capital reserve. Before the capital increase, Beijing New Group held a 51% stake in CNBM Green Energy, MERCURIA.
The Past Three Years for Tianshan Material (SZSE:000877) Investors Has Not Been Profitable
Net income plummeted by over 74 times, with a loss of 3.7 billion in the first three quarters, xinjiang tianshan cement, the leading company in the cement industry, still has bonds outstanding amounting to 6 billion.
1. The structural overcapacity contradiction in the cement industry remains prominent. 2. Analysis points out that the company faces potential risks of accounts receivable, inventory, and goodwill impairment.
Tianshan shares: report for the third quarter of 2024
cnbm (03323): xinjiang tianshan cement (000877.SZ) recorded a net loss attributable to the parent company of 3.748 billion yuan in the first three quarters.
CNBM (03323) announced that, as of the nine months ended September 30, 2024, xinjiang tianshan cement (000...
Xinjiang Tianshan Cement (000877.SZ): a net loss of 3.748 billion yuan in the first three quarters.
On October 25, GeLongHui reported that Xinjiang Tianshan Cement (000877.SZ) released its third quarter report. In the first three quarters of 2024, the company achieved revenue of 61.46 billion yuan, a decrease of 23.55% year-on-year; a net loss of 3.748 billion yuan attributable to shareholders of the listed company, a decrease of 7471.10% year-on-year; a net loss of 4.11 billion yuan after deducting non-recurring gains and losses, a decrease of 930.47% year-on-year; and a basic EPS of -0.4506 yuan per share.
Shareholders in Xinjiangtianshan CementLtd (SZSE:000877) Are in the Red If They Invested Three Years Ago
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