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Hunan Valin Steel (000932.SZ): The controlling shareholder and its concerted action parties have completed the shareholding of 69.0026 million shares.
On September 27th, GeLongHui reported that Hunan Valin Steel (000932.SZ) announced that on September 26, 2024, the company received a notice from the controlling shareholder Hunan Steel Group and its concerted action person Xianggang Group regarding the completion of the shareholding plan. From July 30, 2024, to the date of the announcement, Hunan Steel Group and the concerted action person have increased their shareholding by 69,0026 million shares through the Shenzhen Stock Exchange trading system by means of centralized bidding, accounting for 1.00% of the total share capital of the company (referred to as 'this shareholding'). This has reached the target of the current shareholding plan.
Everbright Securities: The long-term value of sector allocation may gradually become prominent, focusing on undervalued steel sector and central SOE investment opportunities.
Currently, the steel industry has weak demand, and industry profits are at low levels. However, with the completion of the medium to long-term industry ultra-low emission transformation and further inclusion in the carbon trading market, the long-term value of sector allocation may gradually become more prominent.
Hunan Valin Steel (000932.SZ): The company has been consistently paying stable cash dividends for the past five years, with a cumulative dividend of over 8.3 billion yuan.
Hunan Valin Steel (000932.SZ) stated on the investor interaction platform that the company has consistently and steadily paid cash dividends for the past five years, with a cumulative dividend of over 8.3 billion yuan. The cash dividend ratio for the year 2023 is 31.29%, an increase of 5.30 percentage points compared to the previous year, ranking among the top three listed steel companies in terms of dividend yield. With the completion of ultra-low emission transformation and reduction in capital expenditure by the end of 2025, the dividend ratio is expected to further increase. In addition, the company will also maintain its market cap by improving the quality of information disclosure, exploring the company's strengths, and enhancing communication with investors.
Hunan Valin Steel (000932.SZ): Subsidiary Hunan Valin Henggang is a top three nationally competitive specialist seamless steel pipe supplier.
On September 19, hunan valin steel (000932.SZ) stated on the investor interaction platform that its subsidiary, hunan valin henggang, is a specialized seamless steel pipe supplier with top three competitiveness in the country. It has created three major product series of oil & gas pipes, pressure vessel pipes, and machinery processing pipes, as well as the HS product series with independent intellectual property rights. Its petroleum casing technology has reached the international advanced level and supplied to many benchmark enterprises at home and abroad, achieving a large-scale domestic substitution in the high-end field of seamless steel pipes. The company will actively focus on investment and cooperation opportunities in the seamless steel pipe industry.
CICC: Both profitability and valuation are at the bottom of the cycle, and the steel industry consolidation is expected to further accelerate.
Currently, the steel industry's profitability and valuation are both at the bottom of the cycle, there is no need to be pessimistic, and industry consolidation is expected to further accelerate.
Improved Earnings Required Before Hunan Valin Steel Co., Ltd. (SZSE:000932) Shares Find Their Feet
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