Unpleasant Surprises Could Be In Store For Shanghai Material Trading Co., Ltd.'s (SHSE:600822) Shares

There wouldn't be many who think Shanghai Material Trading Co., Ltd.'s (SHSE:600822) price-to-sales (or "P/S") ratio of 0.7x is worth a mention when the median P/S for the Trade Distributors

Simply Wall StJul 17 18:01 ET

Announcement of expected semi-annual performance decrease in 2024.

Sensex a shareJul 9 12:00 ET · Announcements

Shanghai Material Trading (600822.SH): It is expected that the net income for the first half of the year will decrease by about 84.08% compared with the same period last year.

Shanghai Material Trading (600822.SH) announced on July 9th that the preliminary calculation by the finance department shows that the net income attributable to shareholders of the parent company is expected to be approximately 25 million yuan in the first half of 2024, decreasing by about 132.0738 million yuan compared with the same period last year, a year-on-year decrease of about 84.08%. The net income attributable to the parent company after deducting non-recurring gains and losses is expected to be approximately 8.5 million yuan in the first half of 2024, a decrease of about 17.3216 million yuan compared with the same period last year, a year-on-year decrease of about 67.08%. This is due to changes in supply and demand in the auto market and price reductions.

Gelonghui FinanceJul 9 03:46 ET

Shanghai Material Trading (600822.SH): The company has no shipping business.

On June 6th, GeLong Hui reported that Shanghai Material Trading (600822.SH) stated on the investor interaction platform that Shanghai Hubei Logistics Development Co., Ltd. is one of its shareholders. For information on its holdings of the company's stock, please refer to the disclosure in the company's annual reports. The company has no business dealings with Shanghai Hubei Logistics Development Co., Ltd. The company has no shipping business.

Gelonghui FinanceJun 6 03:43 ET

Shanghai Mercantile Trade (600822.SH): Does not involve the recycling and dismantling of used cars

Gelonghui, May 27丨Shanghai Merchandise Trade (600822.SH) said on the investor interactive platform that the new car subsidy policy has had a certain effect on promoting new car sales. Used car recycling has increased, and the new car and used car businesses are actively linked. Our company will actively organize relevant marketing activities to participate in trade-in to promote the development of the automobile business. Our company is not involved in the recycling and dismantling of used cars.

Gelonghui FinanceMay 27 03:33 ET

Shanghai Merchandise Trade (600822.SH): Affiliated to Shanghai Chemical Light Dye Co., Ltd. is mainly engaged in the trade business of chemicals such as pigments and dyes

Gelonghui, May 9丨Shanghai Merchandise Trade (600822.SH) said on the investor interactive platform that Shanghai Chemical Light Dye Co., Ltd., which belongs to the company, is mainly engaged in the trading business of chemicals such as pigments and dyes, with an annual operating scale of about 60 million.

Gelonghui FinanceMay 9 04:46 ET