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Zhongqi New Materials: Summary of the 2024 Semi-Annual Report
Zhongqi New Materials: 2024 Semi-Annual Report
Zhongqi Xincai (001212.SZ) released its half-year performance, with a net income of 23.694 million yuan, a year-on-year decrease of 38.25%.
Zhongqi New Materials (001212.SZ) released its 2024 interim report, with the company achieving revenue of 2...
Zhongqi New Materials (001212.SZ): The first and second phases of Hubei high-purity sand project will invest approximately 300 million yuan, and the first phase of the project has been put into operation.
On August 9th, Gelunhui reported that Zhongqi New Materials (001212.SZ) stated on their investor interaction platform that the company's Hubei high-purity sand project, Phase 1 and 2, has invested approximately 0.3 billion RMB, and Phase 1 has already been put into production. The fund source for the first phase of the Guangxi Silicon Crystal Project was 0.54 billion yuan raised from convertible bonds, which will be put into operation soon. The Guangxi Silicon Crystal Project's Phase 2 construction plan will begin next year, and the total investment in three phases of the Guangxi project is about 1.3-1.5 billion yuan. Currently, the company has cash over 1 billion yuan on its account, and without bank loans, the debt ratio is low. Meanwhile, the company has 0.6 billion yuan unused bank credit. In the future, self-owned funds can be used for Phase 2 of the Guangxi Silicon Crystal and Hubei High-purity Sand projects.
Zhongqi New Materials (001212.SZ): focuses on the research, development, production, and service of artificial quartz slab materials.
On August 9th, Gelonhui reported that Zhongqi Xincai (001212.SZ) stated on their investor platform that they focus on the research and development, production, and service of artificial quartz stone slabs, and have established a leading position in the industry. Their products are widely used in kitchen countertops, bathroom countertops, and other areas. Through the implementation of the Guangxi project, the company extends to the upstream of the industry chain, not only providing high-quality quartz sand and powder raw materials, but also effectively controlling material costs and creating greater profit margins for the company.
Zhongqi New materials (001212.SZ): The first phase of Guangxi Luocheng Integration project will be officially put into operation at the end of August, and production capacity ramp-up will be carried out within this year.
On August 9th, Glory Times reported that Zhongqi New Materials (001212.SZ) stated on its investor interaction platform that the first phase of the Luocheng Integration Project in Guangxi will be officially put into operation at the end of August. The production capacity will be gradually increased within this year, and it is expected to reach full production in 2025. The second phase of the project is planned to start construction in 2025, to further expand production capacity and enhance market competitiveness.
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