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Earnings Troubles May Signal Larger Issues for Shanghai Zhongzhou Special Alloy Materials (SZSE:300963) Shareholders
Zhongzhou Special Materials (300963.SZ): The trial production of the Jiangsu New Zhongzhou Phase II project is currently underway, and some processes have been put into normal production.
On August 22, 2024, Zhongzhou Special Materials (300963.SZ) accepted a specific object research on the capacity expansion of the company's Dongtai new project. The company replied that the second phase project of Jiangsu New Zhongzhou is undergoing trial production, and some processes have been put into normal production. The R&D building of the third phase project is under renovation, and the main workshop has been completed. The installation of infrastructure such as water, electricity, and gas has been completed, and some key equipment is undergoing trial production. The company will accelerate the formal production of the project.
Zhongzhou Special Materials (300963.SZ): The sales volume of high-temperature corrosion-resistant alloy products in the first half of the year is basically the same as the same period last year.
On August 22, Gralohui reported that Zhongzhou Special Materials (300963.SZ) accepted specific object research on August 22, 2024 to discuss the sales of high-temperature corrosion-resistant alloy products in the first half of 2024. In response to this, the company stated that the sales of high-temperature corrosion-resistant alloy products in the first half of 2024 were basically flat compared to the same period last year. During the reporting period, the proportion of high-end high-temperature corrosion-resistant alloy products such as cobalt-based and nickel-based products increased, and at the same time, the company increased the delivery services of finished products such as castings and forgings to high-end customers such as Emerson and Baker Hughes, greatly enhancing the value of the company's products and strengthening the company's profitability.
Shanghai Zhongzhou Special Alloy Materials: Half-year report for the year 2024.
Shanghai Zhongzhou Special Alloy Materials: Summary of Half-Year Report in 2024.
Zhongzhou Special Materials (300963.SZ): The net income in the first half of the year was 47.3654 million yuan, a year-on-year decrease of 1.40%.
Gelonghui, August 21st | Zhongzhou Special Materials (300963.SZ) released its interim report for the first half of 2024, with a reported revenue of 0.545 billion yuan, a year-on-year increase of 5.38%; a net income attributable to the shareholders of the listed company of 47.3654 million yuan, a year-on-year decrease of 1.40%; a non-recurring net income attributable to the shareholders of the listed company of 44.9057 million yuan, a year-on-year decrease of 1.28%; and an earnings per share of 0.20 yuan.
Shanghai Zhongzhou Special Alloy Materials Co., Ltd.'s (SZSE:300963) Shares Bounce 28% But Its Business Still Trails The MarketNo Data
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