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Hong Kong stock anomaly | chongqing iron (01053) fell nearly 7% in the final trading session, with third-quarter revenue dropping by nearly 40%, resulting in a loss of 0.661 billion yuan during the period.
Chongqing Iron (01053) fell nearly 7% at the close, as of press time, down 6.72% to HK$1.11, with a turnover of 0.122 billion Hong Kong dollars.
Chongqing Iron & Steel's Q3 Loss Widens as Revenue Falls 39%; Hong Kong Shares Slip 3%
In the third quarter, the loss amount is close to the annual level of last year. How to solve the "dilemma" of the steel industry? Suggestions from the industry recommend actively reducing production.
①In the third quarter, the losses in the steel industry worsened, with 21 out of 27 listed steel smelting companies experiencing losses, totaling over 14.5 billion yuan, with the total quarterly loss amount almost approaching that of the entire previous year. ②Industry experts believe that the main reason for the losses is the overcapacity in the steel industry itself, poor industry self-discipline, failure to actively limit production, oversupply of products, continuous decline in steel prices, slow decrease in raw material prices, and severe industry profit compression.
Chongqing Iron (01053.HK) A-shares have unusual movements. There is no other significant information that should be disclosed but has not been disclosed.
Gelonghui October 31st | Chongqing Iron (01053.HK) announced that Chongqing Iron and Steel Co., Ltd. (hereinafter referred to as the "Company") stocks closed at a deviation of more than 20% cumulative in the three consecutive trading days on October 28th, October 29th, and October 30th in 2024, triggering abnormal stock trading volatility. After the announcement of the "Stock Trading Abnormal Volatility Notice" on October 31st, the stock continued to hit the limit up, with a significant short-term increase in the company's stock price.
chongqing iron & steel (601005.SH): Cumulative repurchased 66.8385 million shares.
Gelonghui October 31st | Chongqing Iron & Steel (601005.SH) announced that, as of October 31, 2024, the company has repurchased a total of 66.8385 million shares, accounting for 0.749% of the total share capital of the company. The lowest purchase price was 1.02 yuan/share, the highest price was 1.08 yuan/share, and the total amount paid was 69.7525 million yuan (excluding transaction costs).
Chongqing Iron & Steel: Third Quarter Report 2024
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