Billion Industrial Forecasts Up to 65% Boost in H1 Profit
Billion Ind (02299.HK) Yingxi: It is expected that the net profit for the first half of the year will increase significantly not more than about 65%.
On August 7th, Glorious Sun announced that compared to the six months ended on June 30, 2023, the company may see a large increase of no more than about 65% in the net profit attributable to owners of the company for the six months ended on June 30, 2024. The announcement stated that the increase was mainly due to a significant increase in total revenue caused by the total sales volume of polyester filament and polyester products from January to June 2024 compared to the period from January to June 2023.
Express News | Billion Industrial - Expected Result Due to Increase in Total Sales Volume of Polyester Filament Yarns and Polyester Products for Hy, Others
Express News | Billion Industrial Sees Increase in Profit Attributable for Six Months by Not More Than 65%
BILLION IND: POSITIVE PROFIT ALERT
Billion ind (02299.HK) is planning to hold a board of directors meeting on August 26th to approve the mid-term performance.
Billion Ind (02299.HK) announced that the board of directors meeting will be held on Monday, August 26th, 2024 to approve the mid-term performance announcement of the company and its subsidiaries for the six months ending June 30th, 2024, including considering the proposal to distribute the mid-term dividend (if any).
BILLION IND: DATE OF BOARD MEETING
China Textile Import and Export Chamber of Commerce: China's textile industry foreign trade is expected to continue the steady recovery trend in the second half of the year.
From January to June, the trade volume of textile and outfits reached 153.57 billion US dollars, a year-on-year increase of 1.7%, of which the export amount was 143.24 billion US dollars, an increase of 1.6%, and the import amount was 10.33 billion US dollars, an increase of 3.8%. The cumulative trade surplus was 132.91 billion US dollars, an increase of 1.4%.
Billion Ind (02299.HK) canceled 0.82 million shares repurchased on July 31st.
On July 31st, Gelonhui announced that Billion Ind (02299.HK) will cancel 0.82 million repurchased shares on July 31st, 2024.
Billion ind (02299.HK) spent HKD 0.425 million on repurchasing 0.1 million shares on July 25th.
On July 25th, Gelonhui reported that Billion Ind (02299.HK) announced that it would spend 0.425 million Hong Kong dollars to buy back 0.1 million shares on July 25, 2024, and the repurchase price per share is 4.25 Hong Kong dollars.
GTJA: Currently, the downstream inventory clearance of the footwear and apparel industry has basically ended, and the trend of order recovery is not a concern.
At present, the downstream destocking has basically come to an end. Judging from the order tracking situation of the top manufacturing companies, the trend of order recovery is secure. Especially the leading companies have the logic of seizing market share and expanding customer base, which is worth looking forward to.
Intelligent Hong Kong Stock Repurchase Statistics | July 23rd
Hong Kong Stock Repurchase Statistics | July 23rd
On July 22, Billion Ind (02299.HK) spent HKD 0.0679 million to repurchase 0.016 million shares.
On July 22, Gelunhui announced that Billion Ind (02299.HK) will spend 0.0679 million Hong Kong dollars to repurchase 0.016 million shares on July 22, 2024, with a repurchase price of HK$4.23-4.25 per share.
Billion IND (02299.HK) repurchased 0.062 million shares on July 17 for HKD 0.2635 million.
On July 17, Gelunhui reported that Billion Ind (02299.HK) will spend 0.2635 million Hong Kong dollars to repurchase 0.062 million shares on July 17, 2024, with a repurchase price of HKD 4.25 per share.
Intelligent Hong Kong stock repurchase statistics | July 17th
Hong Kong Stock Repurchase Statistics | July 17th
Billion Ind (02299.HK) spent HKD 2.1994 million on July 16 to repurchase 0.516 million shares.
On July 16, Gelonhui announced that Billion Ind (02299.HK) spent HKD 2.1994 million to repurchase 0.516 million shares on July 16, 2024, with a repurchase price of HKD 4.26-4.3 per share.
On July 12th, Billion Ind (02299.HK) spent HKD 0.1917 million to repurchase 0.046 million shares.
On July 12, Gelunhui reported that Billion Ind (02299.HK) announced that it would buy back 0.046 million shares for a total of 0.1917 million Hong Kong dollars on July 12, 2024, with a repurchase price of HKD 4.19-4.15 per share.
Changjiang Securities' Special Report on Textiles, Outfits, and Luxury Goods: Weak Demand in North America, and Elasticity of Replenishing Inventory Needs Observation.
Looking ahead, it is expected that inventory replenishment will continue, with the elasticity of replenishment depending on the strength of demand recovery at the end. The overseas apparel retail industry has gradually entered the tail end of destocking since 2022Q3, and the pace and continuity of export chain recovery depends on the pace of replenishment, while the elasticity of recovery depends on the strength of demand recovery at the end.
Billion Ind (02299.HK) canceled the repurchase of 0.574 million shares on July 10.
On July 10th, Gelonhui announced that Billion Ind (02299.HK) will cancel 0.574 million repurchased shares on July 10, 2024.
On July 9th, Billion Ind (02299) spent HKD 0.3346 million to repurchase 0.08 million shares.
Billion Ind (02299) announced that it will spend HKD 0.3346 million to repurchase 0.08 million shares on July 9, 2024.
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