Capital Allocation Trends At Chongqing Shunbo AluminumLtd (SZSE:002996) Aren't Ideal

Simply Wall StJul 18 22:54 ET

Chongqing Shunbo Aluminum (002996.SZ) intends to transfer 71.41% equity of its subsidiary Jiangsu Shunbo for CNY 131 million.

On July 4th, Gelonhui reported that Chongqing Shunbo Aluminum (002996.SZ) announced that its controlling subsidiary, Jiangsu Shunbo Aluminum Co., Ltd. (hereinafter referred to as "Jiangsu Shunbo"), has suspended production in January 2023 (see the "Announcement of Chongqing Shunbo Aluminum Co., Ltd. on the Proposed Suspension of Production of Subsidiaries" published by the company on January 10, 2023, in the Juchao News Network). In order to further integrate resource allocation, optimize regional layout and improve operational efficiency, according to the actual situation of Jiangsu Shunbo, the company signed the " with Jiangsu Suzhong Science and Construction Development Co., Ltd. (hereinafter referred to as "Suzhong Science") on July 4, 2024.

Gelonghui FinanceJul 4 06:14 ET

Does Chongqing Shunbo AluminumLtd (SZSE:002996) Have A Healthy Balance Sheet?

Simply Wall StJun 5 22:13 ET

Shunbo Alloy (002996.SZ): Customers in the automotive sector account for more than 50%

Gelonghui, May 22丨Shunbo Alloy (002996.SZ) said on the investor interactive platform that the company's main business is the production and sale of recycled aluminum alloy ingots (liquid) series products in the circular economy sector. The product application fields are broad, and the automotive sector accounts for more than 50% of customers.

Gelonghui FinanceMay 22 04:39 ET

Shunbo Alloy (002996.SZ) 2023 equity distribution: 1 yuan for every 10 additional 3 shares

Shunbo Alloy (002996.SZ) issued an announcement. The company's 2023 equity distribution plan is: based on profit share...

Zhitong FinanceMay 20 08:00 ET

The controlling shareholders and co-actors of Shunbo Alloy (002996.SZ) increased their total shares by 1.08%

Shunbo Alloy (002996.SZ) issued an announcement. As of the disclosure date of this announcement, the time for this holdings increase plan has passed halfway,...

Zhitong FinanceMay 7 05:59 ET