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Additional Considerations Required While Assessing Xinxiang Chemical Fiber's (SZSE:000949) Strong Earnings
Xinxiang Chemical Fiber: Report for the third quarter of 2024
Xinxiang Chemical Fiber (000949.SZ): Net income for the first three quarters was 0.199 billion yuan, a year-on-year increase of 739.01%.
On October 30, Geelong reported its third quarter of 2024. The company achieved revenue of 5.558 billion yuan in the first three quarters, a year-on-year increase of 1.02%; the net income attributable to shareholders of the listed company was 0.199 billion yuan, a year-on-year increase of 739.01%; the net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 0.194 billion yuan, a year-on-year increase of 2,782.73%; and the basic earnings per share was 0.1305 yuan.
Individual Investors Invested in Xinxiang Chemical Fiber Co., Ltd. (SZSE:000949) Copped the Brunt of Last Week's CN¥547m Market Cap Decline
xinxiang chemical fiber (000949.SZ): received government subsidies of 4.0976 million yuan
On September 29th, Gelonghui announced that Xinxiang Chemical Fiber (000949.SZ) has received a government subsidy of 1 million yuan in "export credit insurance subsidy" allocated by the Henan Provincial Department of Commerce. As of the date of this announcement, the company and its subsidiaries have received a total of 4.0976 million yuan in government subsidies (related to income) this year, accounting for 9.72% of the latest audited net income of the listed company. The above subsidies are not sustainable, are all income-related, and are unrelated to daily operations. As of the date of this announcement, the above subsidy funds have been received.
Xinxiang Chemical Fiber: Summary of Half-Year Report in 2024.
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