08471 REACH NEW HLDGS
- 0.133
- -0.003-2.21%
REACH NEW HLDGS News
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.
Citic Sec: supply pattern continues to optimize, viscose staple fiber industry is expected to emerge from the downturn.
Viscose staple fiber is one of the three major textile fibers, combining the advantages of both synthetic and natural fibers.
CICC: Textile manufacturing forward-looking indicators continue to improve, industry “active inventory replenishment” opens
The 20233Q4/2024Q1 textile manufacturing outlook index continues to improve, the industry's “active inventory replenishment” starts, and demand continues to recover.
In the first quarter, China's textile exports totaled 7.39 billion US dollars, a year-on-year increase of 3.2%
From January to March of this year, China's textile exports stabilized, with a total export volume of 7.39 billion US dollars, an increase of 3.2% over the previous year.
China Chamber of Commerce for Import and Export of Textiles: From January to March, China's clothing exports totaled US$33.82 billion, up 1.1% year-on-year
Compared with March of previous years, this year's export scale is still at a historically high level, up 25.1% from March 2019 before the pandemic.
REACH NEW HLDGS: ANNUAL REPORT 2023
Suntec Holdings plans to sell up to 70 million new shares at a discount of 13.58% to raise approximately HK$4.7 million
Xinda Holdings (08471) announced that on April 16, 2024, the company signed a placement agreement with the placement agent. According to the placement agreement, the company conditionally agreed to allocate and issue, while the placement agent conditionally agreed to place up to 70 million new shares to no less than six undertakers on a best-effort basis. The placement price was HK$0.07 per share. Undertakers and (where applicable) their respective ultimate beneficial owners shall be independent third parties. Placed shares will be issued under a general mandate. The placement price is HK$0.07 per share compared to the shares on April 16, 2024 (the date of the placement agreement)
China Chamber of Commerce for Import and Export of Textiles: Textile and garment exports of US$45.1 billion increased 14% year-on-year in January-February
On April 9, the China Chamber of Commerce for Import and Export of Textiles released the national fabric import and export overview from January to February 2024.
Suntec Holdings (08471) grants 80 million share options
Xinda Holdings (08471) announced that on March 26, 2024, the company has granted 80 million yuan to several individuals...
Suntec Holdings (08471): Cancellation of the position of Compliance Officer
Xinda Holdings (08471) issued an announcement. After the amendments to the GEM listing rules came into effect on January 1, 2024,...
Xinda Holdings (08471) announced its 2023 annual results. Shareholders should have accounted for a loss of 21.634 million yuan, an increase of 220.8% over the previous year
Xinda Holdings (08471) announced results for the year ended December 31, 2023, with revenue of 66.323 million...
REACH NEW HLDGS: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2023ANDCANCELLATION OF THE POSITION OFCOMPLIANCE OFFICER
Xinda Holdings (08471.HK): Expected annual net loss of not less than 20 million yuan
On March 20, GLONGHUI | Xinda Holdings (08471.HK) announced that the company expects to record a net loss of no less than RMB 20 million for the year ended December 31, 2023, and a net loss of approximately RMB 6.7 million for the year ended December 31, 2022. The increase in related losses in fiscal year 2023 was mainly due to the combined effects of (i) impairment of non-financial assets; (ii) increased administrative expenses in fiscal year 2023; and (iii) reduction in gross margin.
Suntec Holdings (08471): Sa Seon-yeop appointed as Chairman of the Board
Xinda Holdings (08471) issued an announcement. Starting February 23, 2024, (1) Lin Qiyuan will retire as the head of the board of directors...
Ministry of Industry and Information Technology: Total textile industry profit increased 7.2% year-on-year in 2023
On January 29, data released by the Ministry of Industry and Information Technology showed that the total profit of the textile industry increased 7.2% year-on-year in 2023.
Xinda Holdings plans to sell up to 100 million new shares at a 17.53% discount
Xinda Holdings (08471) announced that on January 2, 2024, the company signed a placement agreement with the placement agent. According to the placement agreement, the company conditionally agrees to allocate and issue, while the placement agent conditionally agrees to place up to 100 million new shares to no less than six undertakers on a best-effort basis. The placement price is HK$0.08 per share. Undertakers and (where applicable) their respective ultimate beneficial owners shall be independent third parties. Placed shares will be issued under a general mandate. Placed shares are equivalent to approximately 10.53% of the company's issued share capital after being allocated and expanded through the issuance of placed shares. Placing price per share Placed shares
Zhongtai Securities: Brand Apparel Continues to Differentiate, Focus on Undervaluation Flexibility and High Prosperity Track Leader
The Zhitong Finance App learned that in 2024, Zhongtai Securities published a research report saying that in 2024, on the industry side, the cost performance consumption trend of brand apparel continues, and there is still uncertainty about terminal demand; on the brand side, the overall channel inventory of brand apparel is gradually digesting, and brand potential is divided; at the same time, it is expected that sentiment catalysis will form during the Olympics.
Suntec Holdings (08471.HK): Lee Wing-sang appointed as Executive Director and Chief Executive Officer
On November 28, Gelonghui Holdings (08471.HK) announced that Lin Qiyuan resigned as CEO of the company, effective immediately, while remaining in his current position as executive director. Li Rongsheng was appointed as Executive Director and Chief Executive Officer with effect from November 28, 2023.
REACH NEW HLDGS: THIRD QUARTERLY REPORT 2023
Guangfa Securities's 24-year outlook on textiles: textile manufacturing difficulties reverse the fragmentation of clothing and home textile performance
The Zhitong Finance app learned that Guangfa Securities released a research report saying that the textile manufacturing dilemma has been reversed, and the valuation stock prices of leading companies are expected to be repaired.
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