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WUHAN YOUJI: 2024 Annual Report
Brokerage morning meeting highlights: In the first quarter, the profitability of the mid-stream chemical sector is bottoming out, while the downstream is gradually recovering.
At today's Brokerage morning meeting, HTSC stated that profits in the midstream of the chemical industry are bottoming out in the first quarter, while the downstream is gradually recovering; Sinolink suggested paying attention to the new agile hand supply chain released by Yushu; China Securities Co., Ltd. believes that with the optimization of deposit costs in 2025, the decline in interest spreads in the Banking industry is expected to narrow.
Hong Kong stocks Concept Tracking | European chemical manufacturers continue to shut down, and chemical products may experience follow-up price increases (with related stocks attached).
Recently, the prices of products like silicone and formic acid have risen and maintained a stable trend.
Wuhan Organic (02881.HK) has signed a leasing agreement.
Glonghui March 26丨Wuhan Organic (02881.HK) announced that on March 26, 2025, the company's wholly-owned subsidiary, Wuhan Organic Industry Co., Ltd. (as the tenant), signed a lease agreement with Wuhan Shuanghu Paint Co., Ltd. (as the landlord) regarding leased properties. Property I, located to the south of the landlord's resin workshop, has a land area of 10,890 square meters and a factory area of 10,146 square meters; Property II, located to the south of the landlord's intermediate tank area, has a land area of 8,431.5 square meters.
Wuhan Organic (02881.HK) had an annual Net income of approximately 0.123 billion yuan, which represents an increase of about 68.8% year-on-year.
On March 26, Gelonghui announced that Wuhan Organic (02881.HK) expects its revenue for the year ending December 31, 2024, to be approximately RMB 3,284.2 million, an increase of about 22.7% year-on-year. The annual Net income is expected to be approximately RMB 123 million, representing an increase of about 68.8% year-on-year. The Board of Directors recommends a final dividend of RMB 0.4823 per ordinary share. In addition, the directors approved a special dividend of approximately RMB 0.4823 per ordinary share on October 9, 2024, to be distributed from retained earnings from 2023.
WUHAN YOUJI: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
