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CITIC Securities: Steel prices fluctuate and seek the bottom, waiting for demand to recover.
Currently, as we approach the end of August, whether the demand will improve in the later period will be the key to whether steel prices will stop falling and rebound, given the significant reduction in production in steel mills.
Kangli International Holdings (06890.HK): The net profit for the first half of the year was 62.228 million yuan, an increase of 513.5% year-on-year.
Gelonghui, August 26th | Kangli International Holdings (06890.HK) announced that for the six months ended June 30, 2024, the group's total income was approximately 1.005 billion yuan, an increase of about 20.3% year-on-year. The increase in the group's income is mainly due to the impact of the group's product sales volume and overall average selling price. The total sales volume for the six months ended June 30, 2024 was 0.168 million tons, up 16.5% from the same period last year. The overall average selling price of the products during this period increased by 3.1% compared to the same period last year. The profit attributable to equity shareholders of the company was RMB 62.228 million, an increase of 5% year-on-year.
KANGLI INT HLDG: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
Steel companies are issuing warnings about a "severe winter"! The market cap of the world's four largest iron ore miners has evaporated by over 100 billion US dollars.
Many steel companies' predictions about the severe industry outlook have made several major international iron ore suppliers, who are upstream industries, begin to have a difficult time in recent days. Since the beginning of this year, the price of this key steelmaking raw material has fallen by more than one-third. The market capitalization of the "four major" global iron ore miners has evaporated by about 100 billion US dollars in total.
kangli int hldg (06890.HK) held a board of directors meeting on August 26 to consider and approve the interim performance.
Kangli International Holdings (06890.HK) announced that the board of directors meeting will be held on Monday, August 26, 2024, to consider and approve the mid-term performance of the company and its subsidiaries for the six months ended June 30, 2024, and to consider the distribution of interim dividends (if any).
Kangli Int Hldg (06890) announces profit, expecting a net profit of no less than 50 million yuan in the first half of this year.
Kangli Int Hldg (06890) announced that the group is expected to achieve a net profit of not less than RMB...in the first half of 2024.
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