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Can Mixed Fundamentals Have A Negative Impact on Jiangsu SOPO Chemical Co. Ltd. (SHSE:600746) Current Share Price Momentum?
Jiangsu SOPO Chemical Flags Lower 2024 Promit Amid Asset Write-off
Jiangsu Sopo Chemical (600746.SH): Plans to write off some fixed Assets.
On December 10, Gelonghui reported that jiangsu sopo chemical (600746.SH) announced that the company is continuously carrying out technical transformations on its existing production facilities focusing on safety improvements, eco-friendly concept enhancements, asia vets upgrades, and cost reduction and efficiency enhancement, thus improving the overall technical level of the company. For facilities that no longer meet production requirements, timely disposal will be carried out. To accurately reflect the company's financial status and asset value, in accordance with the relevant regulations of the "Enterprise Accounting Standards" and the company's accounting policies, and based on the principle of prudence, the company will write off part of its fixed assets. The actual loss from this write-off of fixed assets will not exceed 8.2901 million yuan, and the related final data on this write-off of fixed assets will be provided by an accountant.
Jiangsu Sopo Chemical (600746.SH): Plans to increase investment in Sopo New Materials by 0.5 billion yuan.
On December 10, Glonghui reported that jiangsu sopo chemical (600746.SH) announced that in order to meet the needs of its wholly-owned subsidiary sopo new materials for the construction of the "Vinyl Acetate - EVA integration project," and to better promote the progress of the project, the company intends to increase its investment in sopo new materials by 500 million yuan using its own funds and self-raised funds. After the completion of this investment, the registered capital of sopo new materials will increase from the original 1000 million yuan to 1500 million yuan, and the company will still hold 100% equity of sopo new materials.
Jiangsu SOPO Chemical's (SHSE:600746) Earnings May Just Be The Starting Point
Investors Aren't Buying Jiangsu SOPO Chemical Co. Ltd.'s (SHSE:600746) Revenues
Strong Week for Jiangsu SOPO Chemical (SHSE:600746) Shareholders Doesn't Alleviate Pain of Three-year Loss
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