No Data
No Data
Jinan High-Tech Development (600807.SH): Subsidiary Jigao Chanfa signed a contract with associated parties to terminate the delegated construction business agreement.
On July 19th, Gelunhui reported that Jinan High-tech Development (600807.SH) has been focusing on its core business of life and health in recent years, gradually divesting its real estate and other ancillary businesses. By the end of 2022, it will transfer the real estate projects it will own, such as Jin'gao Qizhoufu project, Jin'gao Shangheyin project, and Jin'gao Guanlanjun project, to Jinan Shunzheng Investment Co., Ltd. After the divestiture of the real estate business, the company's wholly-owned subsidiary, Jin'gao Chanfa, will develop real estate project construction services. It has signed entrusted management contracts respectively with Qihai Jin'gao Chengfa, Qihai Jin'gao Chengjian, Qihai Jin'gao Chanfa, and Weifang Jin'gao Hangu.
Jinan High-Tech Development (600807.SH): Subsidiary Ruifuxiang signs a steel procurement contract with affiliated company Jigao Urban Renewal Company.
On July 19th, Gelunhui announced that its wholly-owned subsidiary Shandong Ruixiang Trading Co., Ltd. (referred to as "Ruixiang Company") and its affiliate Jinan High-tech New Land Tool Planning & Architectural Design Co., Ltd. (referred to as "Ji'gao City Renewal Company") signed a "Steel Bar Purchase Contract", and Ruixiang Company is expected to provide 14,000 tons of steel bars for Ji'gao City Renewal Company's related real estate projects. Recently, Ruixiang Company signed a "Steel Bar Purchase Contract" with Jinan High-tech Development Holdings' actual controlling subsidiary, Ji'gao City Renewal Company. Ruixiang Company uses (<My Steel Network> local market steel for the same day's project location.
Jinan High-tech Development's Mid-year Performance Forecast for 2024.
Jinan high-tech development (600807.SH): expected to lose 25 million yuan in the first half of the year.
Jinan High-Tech Development (600807.SH) announced the performance forecast for the first half of 2024. According to preliminary calculations by the company's financial department, it is expected to achieve a net income attributable to shareholders of the listed company of approximately -25 million yuan, a decrease in losses of approximately 21.94 million yuan compared with the same period last year. The company expects to achieve a net income attributable to shareholders of the listed company after excluding non-recurring gains and losses of approximately -25.7 million yuan in the first half of 2024, a decrease in losses of approximately 3.73 million yuan compared with the same period last year.
Jinan High-tech Development (600807.SH): wholly-owned subsidiary signed steel purchase contract.
Jinan High-tech Development (600807.SH) announced on June 5th that recently, Ruixiang Trading and Jinan High-tech's actual controlling subsidiary Dongjin chanfa signed a "reinforcement procurement contract", with Ruixiang Trading providing an estimated 20,000 tons of steel bars for Dongjin chanfa's related real estate projects at (market price + 40) yuan/ton. Dongjin chanfa is a subsidiary controlled by the company's controlling shareholder and actual controller, and this transaction constitutes a related party transaction and does not constitute a major asset restructuring.
Declining Stock and Solid Fundamentals: Is The Market Wrong About Jinan High-tech Development Co., Ltd. (SHSE:600807)?
With its stock down 17% over the past week, it is easy to disregard Jinan High-tech Development (SHSE:600807). But if you pay close attention, you might gather that its strong financials could mean
No Data