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Suzhou Hycan Holdings Co., Ltd.'s (SZSE:002787) Stock Is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Suzhou Hycan Holdings (002787.SZ): cumulatively repurchased 2.26% of the shares.
Gelonghui November 4th | Suzhou Hycan Holdings (002787.SZ) announced that as of October 31, 2024, the company repurchased shares through a repurchase dedicated bond account for centralized competitive trading, with a total of 7,566,600 shares repurchased, accounting for 2.26% of the total number of company shares. The highest fill price was RMB 8.15 per share, the lowest fill price was RMB 4.36 per share, and the total amount paid was RMB 47,195,698.20 (excluding transaction costs). Among them, 7,566,600 shares were used for the conversion of the company's convertible bonds (Hycan Convertible Bonds).
Shareholders Will Be Pleased With The Quality of Suzhou Hycan Holdings' (SZSE:002787) Earnings
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Improved Revenues Required Before Suzhou Hycan Holdings Co., Ltd. (SZSE:002787) Stock's 33% Jump Looks Justified
Suzhou Hycan Holdings (002787.SZ): has taken measures to strengthen cooperation with suppliers and stock up through multiple channels.
On October 17, Hycan Holdings (002787.SZ) stated at an investor relations event that the company has a large procurement scale, stable demand, and high credibility, forming good cooperative relationships with suppliers. The main raw material used in the company's metal packaging production is tinplate, and price fluctuations directly impact the company's profit levels. As a leading domestic enterprise in the metal packaging chemical can industry, the company has established mutually dependent long-term stable cooperative relationships and a reasonable cost transfer mechanism with major customers. The company has a long-term supply framework agreement with Aksu, renegotiating every six months based on the previous tinplate price changes.