Individual Investors Account for 50% of Hubei Xingfa Chemicals Group Co., Ltd.'s (SHSE:600141) Ownership, While Private Companies Account for 35%

Simply Wall StDec 16 19:42 ET

Is Hubei Xingfa Chemicals Group Co., Ltd.'s (SHSE:600141) Latest Stock Performance A Reflection Of Its Financial Health?

Simply Wall StNov 10 19:17 ET

hubei xingfa chemicals group (600141.SH): The company has now built a 100-kilogram scale black phosphorus amplification test device.

Gelonghui November 4th | Hubei Xingfa Chemicals Group (600141.SH) stated at the performance briefing that the company has now completed a 100-kilogram-scale black phosphorus amplification test facility and has the capacity to produce 100 kilograms in a single production run. Black phosphorus series products have been supplied to enterprises and research institutes in the fields of lithium battery anode materials, catalysts, etc. The sales revenue is expected to exceed 200,000 yuan in 2023 and is projected to reach 0.4 million yuan in 2024. In the future, the company will continue to focus on reducing the production cost of black phosphorus, improving product quality, and strengthening cooperation with relevant parties to accelerate the commercialization process of black phosphorus.

Gelonghui FinanceNov 4 05:39 ET

hubei xingfa chemicals group (600141.SH): Currently, the company does not have any plans for large capital expenditures in the field of lithium battery materials.

Xingfa Chemicals Group (600141.SH) stated at the performance briefing on November 4 that since 2024, benefiting from stable product quality and positive progress in market development, the company's phosphorus iron capacity has continued to increase, leading the market in terms of prices in the industry, with significant reduction of losses and increased efficiency. In the short term, the phosphorus iron industry faces intense market competition, and the situation of periodic oversupply is unlikely to fundamentally change. In the future, the company will continue to focus on improving the quality of phosphorus iron products and expanding customer base, constantly enhancing the market competitiveness of its products. Currently, the company has no plans for significant capital expenditure in the field of lithium battery materials.

Gelonghui FinanceNov 4 05:38 ET

hubei xingfa chemicals group (600141.SH): The price of phosphate ore is expected to remain favorable in the next two years.

Gelonghui on November 4th, Hubei Xingfa Chemicals Group (600141.SH) stated at the performance briefing that in recent years, due to the strong downstream prosperity of phosphate fertilizer and the increased demand for new energy battery materials, the demand for phosphate ore resources has been strongly supported, and prices have remained relatively high. In the future, due to the long construction and landing period of phosphate ore projects, there is great uncertainty, limited short-term additional capacity in the industry, and the continuous exit of small and medium-sized outdated capacity due to increasingly strict safety and environmental policies. It is expected that next year and even longer, the supply and demand relationship of phosphate ore will not undergo significant changes, and will still be in a tight supply-demand pattern, phosphorus.

Gelonghui FinanceNov 4 05:37 ET

Hubei Xingfa Chemicals' Q3 Profit Jumps 53%

MT NewswiresOct 28 01:24 ET