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Recent 4.9% Pullback Would Hurt Stanley Agriculture Group Co.,Ltd. (SZSE:002588) Insiders
Nasdaq Hits Record High While Wed Earnings Are Mixed | Wall Street Today
Stanley Agriculture Group (002588.SZ): Currently, there is sufficient phosphate ore reserves, and the possibility of a significant increase in phosphate ore prices in the fourth quarter is not high.
Stanley Agriculture Group (002588.SZ) recently held a performance exchange conference call, discussing the possibility of future price increases in phosphate ore. The company mentioned that in the short term, the overall balance of the fertilizer industry is stable with steady domestic demand, and there is sufficient reserve of phosphate ore, hence the likelihood of a significant price increase in the fourth quarter is not high. In the long term, between 2025-2026, phosphate ore prices may undergo changes due to the release of new production capacity.
Stanley Agriculture Group (002588.SZ): Chengde Lihe Feeding Industry achieved revenue of approximately 0.88 billion yuan in the first three quarters, a year-on-year increase of about 41%.
On October 22nd, Stanley Agriculture Group (002588.SZ) recently held a performance exchange conference call to discuss 'How is the operation of the Chengde Lihe Feeding operation?' The company stated that the operation of Chengde Lihe Feeding this year is stable, with revenues of approximately 0.88 billion yuan in the first three quarters, an increase of about 41% year-on-year, and a net income of approximately 45 million yuan, which is basically flat year-on-year.
stanley agriculture group (002588.SZ): The refined phosphoric acid and iron phosphate unit is expected to be put into production around the end of October to November.
Gelonghui October 22nd | Stanley Agriculture Group (002588.SZ) recently held a performance exchange conference call to discuss "How is the construction and production situation of the new project of Hubei Songzi New Materials Company?" The company stated that the main production facilities such as the mining, sulfuric acid, phosphoric acid, and ammonium phosphate facilities of Songzi New Materials Company were put into production in the middle of this year. Currently, the production load is around 50%, and the refined phosphoric acid and iron phosphate facilities are expected to be put into production around the end of October to November. The mining, sulfuric acid, and phosphoric acid facilities are all operating at about 50% capacity. Phosphoric acid has not reached full capacity, and concentrated acid has not been started. After the steam is used for residual heat power generation, there is still some surplus. In addition,
Stanley: Third quarter 2024 report
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