No Data
Here's What's Concerning About Sinosteel Engineering & Technology's (SZSE:000928) Returns On Capital
Sinosteel Engineering & Technology (000928.SZ): The direct controlling Shareholder has changed from Sinosteel Group to Sinosteel Capital.
On December 27, Gregan reported that Sinosteel Engineering & Technology (000928.SZ) announced that, according to the 'Securities Transfer Registration Confirmation' issued by China Securities Depository and Clearing Corporation Limited on December 27, 2024, Sinosteel Group and its subsidiaries Sinosteel Co., Ltd. and Sinosteel Assets have transferred a total of 698,001,905 shares they held in Sinosteel Engineering & Technology to Sinosteel Capital. The procedures for the registration of the unpaid transfer of shares have been completed, and the corresponding stock pledge registration has been lifted. After this unpaid transfer is completed, the company's direct controlling shareholder changes from Sinosteel Group to Sinosteel Capital, while the actual controller remains unchanged.
Sinosteel Engineering & Technology's (SZSE:000928) Five-year Total Shareholder Returns Outpace the Underlying Earnings Growth
Sinosteel Engineering & Technology (000928.SZ): As of the first three quarters, the value of new contracts signed overseas is 12.291 billion yuan, accounting for 81.66%.
On December 6th, GELONGHUI reported that sinosteel engineering & technology (000928.SZ) recently stated in investor relations activities that during the period of reducing capacity and restructuring in china's steel industry, the steel industry in other overseas countries is in a trend of steady growth. From the projects currently being tracked by the company, new contracts signed overseas for 2024 show strong market vitality, with optimistic market expectations. As of the third quarter, the amount of new overseas contracts signed reached 12.291 billion yuan, accounting for 81.66%, mainly distributed in North African regions such as Algeria, Egypt, and Guinea.
Guotou Securities: dual-drive of debt-to-equity conversion and market cap management, multiple state-owned enterprises in the construction sector are blossoming in multiple locations.
Since the beginning of this year, China's policy on debt-for-equity swaps has been continuously strengthened. In November 2024, the Ministry of Finance announced a 10 trillion yuan debt-for-equity swap policy, the most significant effort in recent years, with the expectation of a substantial reduction in financial pressure on local governments.
Sinosteel Engineering & Technology (000928.SZ): Currently, the adjustment of export tax rebate policies has a certain impact on the company's business.
Gelonghui, November 25th | Sinosteel Engineering & Technology (000928.SZ) stated on the investor interaction platform that, affected by the overall reduction and structural adjustment of the steel industry, the company's revenue in the first three quarters decreased year-on-year. In the future, the company will promote steady development through measures such as expanding overseas markets. Currently, adjustments to export tax rebate policies have a certain impact on our business. The company will enhance cost control throughout the project process, improve the level of engineering refinement management, and enhance operational performance. Overseas projects are generally settled in US dollars, Euros, Renminbi, and other currencies based on the actual project situation, with Renminbi depreciation.
