Asia-potash International Investment (Guangzhou)Co.Ltd (SZSE:000893) Shareholders YoY Returns Are Lagging the Company's 18% Five-year Earnings Growth

It hasn't been the best quarter for Asia-potash International Investment (Guangzhou)Co.,Ltd. (SZSE:000893) shareholders, since the share price has fallen 26% in that time. But that doesn't change

Simply Wall St18:59 ET

Asia-Potash International Investment (000893.SZ) plans to apply for a comprehensive credit limit from banks of no more than 2 billion yuan this year.

On July 11th, Gelunhui reported that Asia-Potash International Investment (000893.SZ) disclosed an investor relations activity record, showing that the company's current operation has stable cash flow, smooth bank financing channels, and can meet the needs of project construction. The company's assets and liabilities are at a relatively low level, reaching 22.7% at the end of the first quarter of this year. The company plans to apply for no more than 2 billion yuan of comprehensive credit limit from banks this year, and relevant work is being organized and promoted in an orderly manner.

Gelonghui FinanceJul 10 19:18 ET

Asia-Potash International Investment (000893.SZ): The overall potassium fertilizer market this year is in a tight supply and demand situation.

On July 11th, Gelunhui announced that according to the investor relations activity record of Asia-potash International(000893.SZ), the overall supply and demand of the potash fertilizer market has shown a state of tension this year, supporting the positive expectation of the potash fertilizer market. From the demand side, Argus predicts that the global demand for potash fertilizer will be 68.2 million tons in 2023, and will increase to 73.1 million tons in 2024. This year, due to the extreme weather conditions in multiple regions around the world, such as Brazil, Russia, and the United States, global food prices have risen. According to the Food Price Index released by the United Nations Food and Agriculture Organization in May, the average in May was 118.7.

Gelonghui FinanceJul 10 19:17 ET

Asia-Potash International Investment (000893.SZ): Currently actively promoting tax reductions and exemptions application work.

On July 11, Glonhui reported that Asia-potash International Investment (000893.SZ) disclosed the investor relations activity record, showing that the company has received a reply from the Investment Department of Ganmeng Province on the "Policy on Export Tariffs and Related Taxes of Potash Fertilizer Products in the Industrial Park of Ganmeng Province." The Investment Department of Ganmeng Province stated that it has negotiated with relevant ministries and commissions regarding the company's application for exemption from export tariffs on potash fertilizers and shareholder dividend taxes. Currently, the company is actively promoting tax reduction and exemption application work.

Gelonghui FinanceJul 10 19:15 ET

Asia-Potash International Investment: 2024 Interim Performance Forecast

Sensex a shareJul 10 12:00 ET · Announcements

Asia-Potash International Investment (000893.SZ): Net income is expected to decline by 54%-69% in the first half of the year.

On July 10th, GeLongHui reported that the net income attributable to shareholders of the listed company was RMB 220 million to RMB 330 million in the first half of 2024, a decrease of 54% to 69% from the same period last year; the net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was RMB 220 million to RMB 330 million, a decrease of 54% to 70% from the same period last year. Basic earnings per share were RMB 0.24/share to 0.36/share. During the reporting period, the company's production and sales in the first half of the year increased year-on-year, but due to the continued low international potassium fertilizer prices, the company's first-half results were affected.

Gelonghui FinanceJul 10 04:39 ET