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Southwest Securities: The titanium industry is entering a mature stage and opening up a process of high-end development.
With the tightening supply of titanium ore, downstream Jungonghangye has shown a 'low before high' trend in the execution of the five-year plan, as well as an accelerated penetration in the civilian field. The titanium industry is expected to usher in a period of recovery in demand.
Declining Stock and Decent Financials: Is The Market Wrong About Western Metal Materials Co., Ltd. (SZSE:002149)?
As of July 19th, Western Metal Materials (002149.SZ) had a total of 31,977 shareholders.
On July 23rd, Gelunhui reported that as of July 19th, 2024, Western Metal Materials (002149.SZ) revealed on its investor interaction platform that the total number of shareholders in the company was 31,977.
Western Metal Materials (002149.SZ): Renewed asset lease agreement with its holding subsidiary Western Titanium Industry.
On July 19th, Gelonhui reported that Western Metal Materials (002149.SZ) announced that the 11th meeting of the 8th Board of Directors held on July 18, 2024 passed the "Proposal on Renewing the Asset Lease Agreement between the Company and Western Titanium Industry Co., Ltd." Agreed that the company will continue to lease some equipment and factories for strip production lines to its subsidiary Western Titanium Industry Co., Ltd. (referred to as "Western Titanium") for a period of three years, from July 1, 2024 to June 30, 2027. The annual rent is 29.0709 million yuan (inclusive of tax), which is quarterly paid by Western Titanium.
Western Metal Materials (002149.SZ) plans to increase its stake in West New Zirconium by 25.089 million yuan to solidify its leading position in the zirconium processing industry.
Announcement from Western Metal Materials (002149.SZ): the company plans to invest in its affiliated company, Xi'an Western New Zirconium Technology Co., Ltd. (...
Western Metal Materials (002149.SZ): Western Titanium Industry plans to implement capital increase and share expansion.
On July 1st, GeLongHui reported that Western Metal Materials (002149.SZ), which owns Western Titanium Co., Ltd. (referred to as "Western Titanium"), is one of the major producers of titanium, zirconium, and their processed materials in China. In order to enhance its capital strength, increase its anti-risk ability, and reduce its asset-liability ratio, Western Titanium plans to increase its capital and shares, with registered capital increased from 250 million yuan to 400 million yuan, and a total of 601.5 million yuan raised.
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