Hunan Valin Steel Plans Up to 400-Million-Yuan Share Buyback
Valin Steel: 2024 Annual Performance Forecast 2025-1
The Steel Industry continues to feel the chill. The "top student" Hunan Valin Steel expects a maximum decline of 60% in performance for 2024 | Interpretations.
① Hunan Valin Steel expects to achieve a Net income of 1.7 billion yuan to -2.3 billion yuan attributable to the shareholders of the listed company in 2024, a year-on-year decline of 55% to 67%. ② The company announced on the same day that it intends to repurchase shares using self-owned funds or self-raised funds amounting to 0.2 billion yuan to -0.4 billion yuan, with the repurchase price not exceeding 5.80 yuan per share.
Gelonghui announcement selection: Sales of the company's new energy autos reached 0.4269 million units in 2024. Chongqing Sokon Industry Group Stock: Projected net income for 2024 is expected to be between 5.5 billion yuan and 6 billion yuan.
【Hot Topic】Kailida (688255.SH): There are no significant information disclosures that should have been made but were not. Guangxi Radio and Television Information Network Corporation (600936.SH): The disclosed significant asset replacement matter is still in the planning stage. Suzhou Xingye Materials Technology (603928.SH): The phenolic Resin used for semiconductor photoresists is currently in the sample submission stage, and related products have not yet generated sales revenue. 【Project Investment】GANFENGLITHIUM (002460.SZ): GANFENGLITHIUM plans to invest 0.2 billion yuan in Luoteng (Hangzhou) Private Equity Partnership. Yibin Tianyuan Group (002386.SZ): A subsidiary plans to invest in a 0.6 million ton sulfuric acid project.
Hunan Valin Steel (000932.SZ): Net income for the fiscal year 2024 is expected to decrease by 55%-67%.
Gelonghui, January 21丨Hunan Valin Steel (000932.SZ) announced its performance forecast for 2024, with total profits expected to be between 3.85 billion yuan and 4.45 billion yuan, a decrease of 41% to 49% compared to the same period last year; net income attributable to shareholders of the listed company is expected to be between 1.7 billion yuan and 2.3 billion yuan, a decrease of 55% to 67% compared to the same period last year; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses is expected to be between 1.25 billion yuan and 1.65 billion yuan, a decrease of 65% to 73% compared to the same period last year; basic EPS is expected to be between 0.2461 yuan/share and 0.3329 yuan/share.
Hunan Valin Steel (000932.SZ): Special steel wire rods are mainly used in the fields of auto Bearings, gears, and so on.
On January 8, Glide News reported that Hunan Valin Steel (000932.SZ) stated on the investor interaction platform that the special steel wire rods produced by the company are mainly used in the fields of Autos Bearing, gears, and other areas, and there are significant differences compared to the stainless steel produced by Zhejiang JIULI Hi-tech Metals in terms of manufacturing processes and downstream application scenarios.
Hunan Valin Steel Co., Ltd. (SZSE:000932) Doing What It Can To Lift Shares
Hua Fu Securities: Steel exports are experiencing a Top Reversal, and the Bullish policies will stabilize steel demand next year.
The contradiction between supply and demand in the industry is not prominent, and under the strengthened incremental policies, the Steel Sector has the foundation to continue rebounding upwards.
SWHY: The progress of ultra-low emission transformation in Guangdong Province has accelerated, and the expectations for constraints on crude Steel supply have strengthened.
In the future, the Steel Industry will focus on two main lines: high-dividend symbols with stable performance and quality state-owned enterprises with a price-to-book ratio below one.
Hunan Valin Steel (000932.SZ): Capital expenditure mainly focuses on upgrading product structure, ultra-low emission transformation, and digital transformation.
On December 25, Gelonghui reported that Hunan Valin Steel (000932.SZ) stated on the investor interaction platform that the company's capital expenditure mainly focuses on upgrading product structure, ultra-low emission transformation, and digital transformation. The low emission transformation includes organized and unorganized pollutant emissions, as well as clean Transportation, while hydropower hydrogen production does not fall within this category. The company is also actively paying attention to green Energy, various carbon reduction methods, and the application of new metallurgical technologies, working with some upstream and downstream partners to explore the application of related new technologies, and striving to contribute to reducing carbon emissions and achieving Carbon Neutrality.
Huafu Securities: The formation of a double bottom in profit and valuation, focus on five main opportunity lines in the Steel Industry in 2025.
In 2025, policies will focus on both the supply and demand sides, with expectations for supply contraction further increasing. Steel prices are expected to stabilize, forming a "profit bottom", and industry profits may bottom out and rebound.
Hunan Valin Steel (000932.SZ): intends to increase capital by 1 billion yuan to Hunan Valin Henggang in proportion.
On December 9, Gelonghui reported that hunan valin steel (000932.SZ) announced that to support its subsidiary hunan valin steel in the implementation of the large-caliber seamless steel pipe continuous rolling technology development and industrial application project, the company and hunan steel group plan to increase capital in hunan valin steel proportionally by 1 billion yuan. Among them, hunan steel group will contribute 0.1409 billion yuan, and hunan valin steel will contribute 0.8591 billion yuan. The capital increase price will be determined based on the net asset value from the audit report of hunan valin steel for the fiscal year 2023, which will be audited by Tianjian Accounting Firm with December 31, 2023, as the benchmark date.
CICC's outlook on the steel industry in 2025: Expected far-reaching supply-side reforms, with the potential for accelerated capacity clearance.
In 2024, the Ministry of Industry and Information Technology has suspended the implementation of the steel capacity replacement, and in 2025, there is little chance for an increase in steel supply. Meanwhile, the optimization of existing capacity driven by policy may accelerate further, creating structural opportunities.
We Think Hunan Valin Steel (SZSE:000932) Is Taking Some Risk With Its Debt
China Securities Co., Ltd.: In 2025, steel prices will primarily remain volatile, reinforcing a new order of supply and demand under controlled production.
China's high-end special steel industry is still in a growth stage, with new energy, shipbuilding, and aviation industries in a period of vigorous development, deserving a certain valuation premium.
China Great Wall Securities: Q4 strong expected trade expected to continue, steel sector has broad room for recovery.
There may be room for policy adjustment, and the window period that is difficult to verify is expected to extend the time and space for the rebound of the steel sector.
Hunan Valin Steel's (SZSE:000932) Weak Earnings May Only Reveal A Part Of The Whole Picture
haitong int'l: Currently, steel consumption has peaked. The test remains after the profit rebound.
After the profit rebound, on November 1, 2024, the daily production of pig iron was about 0.09 million tons higher than the average daily production in August and September, with an annual increase of about 40 million tons of steel production.
Investors Could Be Concerned With Hunan Valin Steel's (SZSE:000932) Returns On Capital
Valin Steel: Report for the third quarter of 2024