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Wolong Resources Group (600173.SH): Plans to reduce the capital of its wholly-owned subsidiary by 0.245 billion yuan.
On December 20, Glonghui reported that Wolong Resources Group (600173.SH) announced that Wuhan Wolong Moshui Lake Property Co., Ltd. (hereinafter referred to as "Moshui Lake Property") is a wholly-owned subsidiary of the company with a registered capital of 250 million yuan. Given that the Real Estate Development Business of Moshui Lake Property has basically concluded, to improve the overall efficiency of the company's capital utilization, the company decided to reduce the registered capital of its wholly-owned subsidiary Moshui Lake Property by 245 million yuan, resulting in a new registered capital of 5 million yuan. After the capital reduction is completed, the company will still Hold 100% of the equity of Moshui Lake Property.
There May Be Some Bright Spots In Wolong Resources Group's (SHSE:600173) Earnings
Wolong Real Estate: Wolong Resources Group Co., Ltd. Third Quarter Report 2024
Wolong Resources Group Co., Ltd. Third Quarter Report 2024
Wolong Resources Group (600173.SH): Net income in the first three quarters was 0.108 billion yuan, a year-on-year decrease of 54.56%.
On October 23, WOlong Resources Group (600173.SH) released its third-quarter report, with revenue of 2.4 billion yuan, a year-on-year decrease of 44.01%, net income of 0.108 billion yuan, a year-on-year decrease of 54.56%, non-GAAP net income of 0.115 billion yuan, a year-on-year decrease of 52.03%, and basic earnings per share of 0.1558 yuan.
Optimistic Investors Push Wolong Resources Group Co., Ltd. (SHSE:600173) Shares Up 26% But Growth Is Lacking
Earnings Working Against Wolong Resources Group Co., Ltd.'s (SHSE:600173) Share Price Following 26% Dive
