Zhengye International (03363.HK) achieved a net profit of 15.026 million yuan in the first half of the year.
Zhengye Int'l (03363.HK) announced on August 23 that its revenue for the six months ended June 30, 2024, was approximately RMB 1.162 billion, basically flat. The gross margin of the group in the first half of 2024 was 14.08% (approximately 11.31% for the same period in 2023), an increase of 2.77% from the same period last year. This was mainly due to a 5.61% decrease in the purchasing price of raw materials compared to the same period last year, while the selling price of products increased slightly by 6.89%. During the review period, the group persisted in research and development innovation and proposed cost strategy and differentiation strategy. The papermaking division focused on the development of new products.
Express News | Zhengye International Holdings H1 Revenue RMB 1,161.8 Million
ZHENGYE INT'L: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
Orient Securities: In July, China's paper and paperboard production increased by 11.5% year-on-year, and culture paper and specialty paper prices may gradually stabilize.
The cumulative output of machinery paper and paperboard from January to July 2024 increased by 13.5% year-on-year, with a production volume of 13.17 million tons in July, a year-on-year increase of 11.5%.
Zhengye Int'l (03363.HK) announced that it expects a net profit of 130 million to 180 million yuan in the first half of the year.
On August 9th, GeLong Hui reported that Zhengye Int'l (03363.HK) expects to record a net profit attributable to equity holders of the company between RMB 13 million to RMB 18 million for the six-month period ending on June 30, 2024. For the six months ended on June 30, 2023 (the "same period last year"), the equity holders of the company should have an attributable loss of RMB 15.58 million. The announcement stated that the main reason for the profit attributable to equity holders of the company was due to the year-on-year decline in the purchase price of raw materials in the first half of the year, while the product sales price slightly increased, resulting in a margin recovery.
Express News | Zhengye International - Expected Result as Prices of Raw Materials Declined YoY, Among Others
Express News | Zhengye International Sees Hy Profit Attributable RMB13 Mln to RMB18 Mln
ZHENGYE INT'L: POSITIVE PROFIT ALERT
Zhengye Int'l (03363.HK) plans to hold a board of directors meeting on August 23 to approve mid-term performance.
Zhengye Int'l (03363.HK) announced on August 8th that the board of directors meeting will be held on Friday, August 23, 2024, to consider and approve the unaudited mid-term performance of the company and its subsidiaries as of June 30, 2024, and its release, including the recommendation to distribute interim dividends (if any).
Minsheng Securities: It is difficult for pulp prices to fall and the volatility is increasing, and profit improvement is expected.
On the one hand, the pulp production capacity of the above-mentioned companies is relatively low, while on the other hand, paper prices have strong resilience, and profit improvement can be expected.
Zhengye Int'l (03363) plans to distribute a final dividend of 1.1 Hong Kong cents per share on July 12.
Zhengye Int'l (03363) announced that based on the proposed final dividend for the year ending December 31, 2023...
ZHENGYE INT'L: POLL RESULTS FOR ANNUAL GENERAL MEETING HELD ON 21 JUNE 2024 AND PAYMENT OF DIVIDEND
ZHENGYE INT'L: CLARIFICATION ANNOUNCEMENT IN RELATION TO THE 2023 ANNUAL REPORT
ZHENGYE INT'L: ANNUAL REPORT 2023
Zhongtai Securities: Pulp price inflection point at the end of Q2 or paper companies currently focusing on good price and cost control capabilities
According to a research report released by Zhongtai Securities, the core driver of this round of pulp growth is European demand restoration+low inventories+capacity maintenance.
Zhengye International Declares Final Dividend for 2023
Zhengye International (03363) will pay a final dividend of $0.01 per share on July 12
Zhengye International (03363) announced that the company will pay a final dividend per share on July 12, 2024...
Zhengye International (03363) announced its 2023 annual results. Shareholders' losses were 17.553 million yuan, which changed from profit to loss over the previous year
According to the Zhitong Finance App, Zhengye International (03363) announced annual results for the year ended December 31, 2023. The group recorded revenue of 2,391 billion yuan, a year-on-year decrease of 20.7%. The company owner should have accounted for a loss of 17.553 million yuan, which changed from profit to loss over the previous year. Loss of $0.04 per share. The recommended final dividend is RMB 1.00 per share, which is equivalent to HK$1.10 cents. According to the report, the paper and paper product packaging industry has always been viewed as a barometer of consumption. The first half of the year was affected by weak consumer demand in mainland China and serious imbalances between supply and demand, which affected the group's business
Zhengye International (03363) will pay a final dividend of $0.01 per share
Zhengye International (03363) announced that it will pay a final dividend per share for the year ended December 31, 2023...
ZHENGYE INT'L: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
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