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Investors in China First Heavy Industries (SHSE:601106) Have Unfortunately Lost 19% Over the Last Three Years
Announcement 2025-005 (China First Heavy Machinery Co., Ltd. 2024 annual performance pre-loss announcement)
China First Heavy Industries (601106.SH): The Heavy Industries Group plans to increase its investment in China First Nuclear Power Petrochemicals by 0.891 billion yuan.
On December 24, Gelonghui reported that China First Heavy Industries (601106.SH) announced plans to optimize the capital structure of related subsidiaries to promote their long-term development. The company's controlling shareholder, China First Heavy Industries Group Co., Ltd. (hereinafter referred to as First Heavy Group), intends to increase the capital of its wholly-owned subsidiary, First Heavy Group Dalian Nuclear Power Petrochemical Co., Ltd. (hereinafter referred to as First Heavy Nuclear Power Petrochemical), by 890.746 million yuan through a non-public agreement, with the company not participating in the capital increase. This trade does not involve a change in the control of First Heavy Nuclear Power Petrochemical. The state-allocated funds will mainly be used for projects such as the Dalian Petrochemical base, upgrades of major nuclear power equipment, and intelligent factory construction.
China First Heavy Industries (601106.SH): As of now, the company has no asset injection plan.
Gelonghui, 11th November - China First Heavy Industries (601106.SH) stated on the interactive platform that currently, the company's main task is to optimize existing business and product structures, improve the company's operational performance. Up to now, the company does not have any plans for asset injections. The company will promptly disclose any significant adjustments or related plans regarding the global strategy to investors.
China First Heavy Industries (601106.SH) released its performance for the first three quarters, with a net loss of 0.183 billion yuan.
China First Heavy Industries (601106.SH) released the third quarter report for 2024, with revenue for the first three quarters reaching 13...
China First Heavy Industries: Announcement 2024-036 (Report for the third quarter of 2024 by China First Heavy Machinery Co., Ltd.)
Should China First Heavy Industries (SHSE:601106) Focus On Improving This Fundamental Metric?
