Hunan Valin Steel (SZSE:000932) Will Want To Turn Around Its Return Trends

Simply Wall StJul 22 03:20 ET

Hunan Valin Steel (000932.SZ): With unified procurement of iron ore and coke, it has a scale procurement advantage and can better serve the steel plant's production needs.

On July 19th, Glehn reported that Hunan Valin Steel (000932.SZ) stated on its investor interaction platform that in the first quarter of 2024, due to factors such as downstream demand in the steel industry being lower than expected, major projects in the region starting later, and backup inventories before the Spring Festival being at relatively high raw material prices, Hunan Valin Steel's profit exhibited volatility. At present, the raw materials in the backup inventory before the Spring Festival have been basically consumed, and the company's demand in the second quarter has improved compared to the previous quarter. The company will continue to fully support the development of its subsidiaries, continuously improve its lean production level, and strive to control the cost of pig iron. The company has unified procurement of iron ore, coke, and other materials and has advantages in scale procurement.

Gelonghui FinanceJul 19 04:53 ET

Hunan Valin Steel (000932.SZ): 90% of the required iron ore comes from imports.

Hunan Valin Steel (000932.SZ) stated on the investor interaction platform on July 17 that the company is located in an inland area where there is a shortage of coal and ore. 90% of its needed iron ore is imported, while coking coal mainly comes from large state-owned mining companies such as Shanxi Coking Coal Energy Group, Shandong Energy, Pingmei, and Huaibei Mining Holdings.

Gelonghui FinanceJul 17 04:35 ET

Changjiang Securities: Steel market in the second half of the year may revolve around expectations and supply-side games. The rhythm may be first suppressed and then boosted.

Around the expectations or supply game, the steel market may enter a phase of first suppressing and then raising in the second half of the year. Under the lack of obvious demand drive, the steel market may revolve around expectations and supply-side games.

Zhitong FinanceJul 15 03:44 ET

Hunan Valin Steel (000932.SZ): The company has continuously and steadily paid cash dividends for the past five years, with total dividends exceeding 8.3 billion yuan.

On July 11th, Glonhoo reported that Hunan Valin Steel (000932.SZ) expressed on the investor interaction platform that the company has stably distributed cash dividends for the past five years, with a total dividend exceeding 8.3 billion yuan. As of 2023, the cash dividend ratio will be 31.29%, a 5.30 percentage point increase from the previous year, and the dividend yield ranks among the top three listed steel enterprises. In the past five years, the company's stock price has risen more than 23%, ranking among the top five listed steel enterprises and outperforming the SSE Composite Index by 22.63 percentage points. In the future, on the one hand, the company will adjust the variety structure to increase the sales volume of high-profit steel varieties in response to downstream market demand. On the other hand, by optimizing various economic and technical indicators...

Gelonghui FinanceJul 11 03:36 ET

Hunan Valin Steel (000932.SZ): Its subsidiary, Hunan Valin Xiangtan Iron and Steel Co., Ltd., supplied steel for the main bridge of the Shenzhen-Zhongshan Channel bridge project.

On July 5th, Gelunhui reported that Hunan Valin Steel (000932.SZ) stated on its investor platform that its subsidiary, Hunan Valin Xiangtan Iron and Steel, supplied the bridge steel for the main bridge part of the Shen-Zhong Channel Project; Hunan Valin Hengyang Steel's seamless steel pipe was applied to the key part of the Shen-Zhong Channel: the submerged pipe tunnel; Yangchun Xingang supplied steel bars for the Shen-Zhong Channel bridge civil engineering, tunnel engineering, Dongren artificial island and main dam engineering projects.

Gelonghui FinanceJul 5 03:20 ET