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Improved Revenues Required Before Jiangsu Sanfame Polyester Material Co.,Ltd. (SHSE:600370) Stock's 27% Jump Looks Justified
Jiangsu Sanfame Polyester Material (600370.SH): Actively researching and developing recycled materials.
Grain headlines on November 18th: Jiangsu Sanfame Polyester Material (600370.SH) stated on the investor interaction platform that the company has been actively responding to the national 'dual carbon' policy, implementing energy-saving and emission reduction measures. On the one hand, the company replaces coal with henry hub natural gas in boilers, reducing the consumption of coal and electricity; on the other hand, the company continuously optimizes processes and equipment, achieving power generation by air compressors and waste heat power generation by esterification steam, reducing comprehensive energy consumption of products, and reducing carbon emissions. In addition, the company is developing a green circular economy, actively researching and developing recycled materials.
jiangsu sanfame polyester material (600370.SH): The actual controller is proposed to be changed to Bian Pinggang
Glory Exchange reported on November 18 that jiangsu sanfame polyester material (600370.SH) announced that according to the certificate No. 8337 issued by the Jiangnan Notary Office in Wuxi City, Jiangsu Province, the 490,455 shares held by Mr. Bian Xingcai during his lifetime are his personal property. Mrs. Bian Youdi, Mr. Bian Xingcai's wife, and Ms. Bian Pingfang, his daughter, waived their inheritance, and Mr. Bian Pinggang, his son, and Mr. Bian Huigang will inherit. According to the certificate No. 8336 issued by the Jiangnan Notary Office in Wuxi City, Jiangsu Province, Mr. Bian Xingcai held 160 shares of Xingzhou Investment.
Is Jiangsu Sanfame Polyester MaterialLtd (SHSE:600370) Using Too Much Debt?
Jiangsu Sanfame Polyester Material (600370.SH): The company did not implement stock repurchase in October.
Geelong reported on November 1st that jiangsu sanfame polyester material (600370.SH) announced that in October 2024, the company did not implement share repurchases. As of October 31, 2024, the company has repurchased a total of 29,760,000 shares through centralized auction trading, with the repurchased shares accounting for 0.76% of the company's current total share capital. The highest price for repurchases was 1.45 yuan per share, the lowest price was 1.17 yuan per share, and the total amount paid so far was RMB 39,371,952.00 (excluding transaction fees such as trading commissions).
Sanfangxiang: Report of Jiangsu Sanfangxiang Polymer Co., Ltd. Third Quarter 2024
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