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Market Cool On Asia-potash International Investment (Guangzhou)Co.,Ltd.'s (SZSE:000893) Earnings
Potassium International: Report for the third quarter of 2024
asia-potash international investment (000893.SZ): the net income for the first three quarters was 0.518 billion yuan, a decrease of 47.89% year-on-year.
On October 30, Ge Longhui announced the third quarter report for 2024. In the first three quarters of 2024, the company achieved revenue of 2.483 billion yuan, a decrease of 14.13% year-on-year; net income attributable to shareholders of the listed company was 0.518 billion yuan, a decrease of 47.89% year-on-year; net income after deducting non-recurring gains and losses was 0.515 billion yuan, a decrease of 48.79% year-on-year; basic earnings per share were 0.5642 yuan per share.
Shouchuang Securities: The price of fertilizer has rebounded slightly in the third quarter, focusing on the situation of winter fertilizer reserves.
Nitrogen fertilizer prices experienced a rebound in the third quarter after a recent correction; Potassium fertilizer supply is relatively ample, with the escalation of the Middle East situation posing hidden concerns for potassium fertilizer trade.
asia-potash international investment (000893.SZ): appoints Liu Bingyan as the company's general manager
On October 15th, Gelonhui announced that, in order to ensure the orderly progress of the company's operation and management work, the Board of Directors, nominated by the Chairman of the Board of Directors, agreed to replace Ms. Liu Bingyan as the company's general manager. The term of office shall be from the date of this meeting until the expiration of the current term of the Board of Directors. Mr. Ma Yingjun will no longer serve as the general manager as of the date of approval by the Board of Directors.
Currently, Asia-Potash International Investment (000893.SZ) has a daily production capacity of potassium fertilizer of approximately 5000-6000 tons.
Asia-Potash International Investment (000893.SZ) stated on the investor interaction platform that the current daily production of potassium fertilizer for the company is about 5,000-6,000 tons. The second million-ton 2# main inclined shaft is currently under construction, and the related costs for equipment repairs and cleaning of the shaft have been included in the non-operating expenses for the year 2023, which has not caused a sharp increase in production costs per ton. Please refer to the relevant announcements or periodic reports disclosed by the company for specific details.
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