Shaanxi Construction Machinery announces expected half-yearly performance loss in 2024.

Sensex a shareJul 11 12:00 ET · Announcements

Shaanxi Construction Machinery (600984.SH): It is expected to lose approximately 0.421 billion yuan in the first half of the year.

On July 11th, Gelunhui reported that Shaanxi Construction Machinery (600984.SH) expects to see a net loss in the first half of 2024. According to preliminary estimates by the finance department, the net income attributable to the listed company is expected to be approximately -0.421 billion yuan, and the net income attributable to shareholders of the listed company after deducting non-recurring gains and losses is expected to be around -0.426 billion yuan. In the first half of 2024, the domestic tower crane leasing market continued to be in low demand due to factors such as a reduction in the number of new projects and a low project start-up rate, resulting in low equipment leasing prices and low equipment utilization rates. These factors led to the company's loss in the first half of the year.

Gelonghui FinanceJul 11 06:03 ET

Shaanxi Construction Machinery (600984.SH): Chai Zhaoyi has cumulatively reduced his shareholding by 1.16%.

On June 28th, Gelunhui announced that it has received a notice from Mr. Chai Zhaoyi, a shareholder of Shaanxi Construction Machinery (600984.SH), regarding the shareholding reduction of Shaanxi Construction Machinery. Starting from December 29, 2023 to June 27, 2024, Mr. Chai Zhaoyi will reduce the company's shareholding by 14,587,000 shares through block trading, accounting for 1.160% of the total share capital of the company.

Gelonghui FinanceJun 28 06:31 ET

Kato Manufacturing Research Memo (2): Pioneer of construction machinery manufacturers indispensable in building social infrastructure.

Company Overview 1. Katou Manufacturing Co., Ltd. <6390> is a leading construction machinery manufacturer with a history of nearly 130 years since its founding in 1895 (as a sole proprietorship). With the management philosophy of "contributing to society with excellent products," as a pioneer of construction machinery manufacturers indispensable for the construction of social infrastructure, the company now develops its main business with construction cranes and hydraulic shovels. Its product development features a customer-oriented approach that emphasizes on "sturdy," "powerful," and "easy-to-operate" products that respond to customer needs.

Fisco JapanJun 20 03:02 ET

Kato Seisakusho is a major construction machinery manufacturer with a history of nearly 130 years since its founding.

Kato Manufacturing Co., Ltd. <6390> is a leading construction machinery manufacturer with a history of nearly 130 years since its founding in 1895 as a personal business. With the management philosophy of "contributing to society with excellent products," as a pioneer in the construction machinery industry indispensable for social infrastructure construction, the company currently engages in business mainly in construction cranes and hydraulic excavators. It features product development from a customer perspective, with products that are "sturdy," "powerful," and "easy to operate" in response to customer needs, earning high customer trust.

Fisco JapanJun 20 02:03 ET

Need To Know: This Analyst Just Made A Substantial Cut To Their Shaanxi Construction Machinery Co.,Ltd (SHSE:600984) Estimates

One thing we could say about the covering analyst on Shaanxi Construction Machinery Co.,Ltd (SHSE:600984) - they aren't optimistic, having just made a major negative revision to their near-term (statu

Simply Wall StJun 13 18:51 ET