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Yiqiu Resources: Announcement on the pre-reduction of the company\'s 2024 annual results
Announcement on the pre-reduction of the company\'s 2024 annual results
Ye Chiu Metal Recycling (601388.SH): The net profit for the year 2024 is expected to decrease by 61% to 74%.
On January 14, Gelonghui reported that Ye Chiu Metal Recycling (601388.SH) announced a performance reduction forecast for the fiscal year 2024. According to preliminary calculations by the finance department, it is expected that the net income attributable to the parent company's owners will be between 34.9029 million yuan and 52.3029 million yuan, representing a year-on-year decrease of 61% to 74%. It is expected that the net income attributable to the parent company's owners, after deducting non-recurring gains and losses, will be between 29.9363 million yuan and 44.8363 million yuan, marking a year-on-year decrease of 69% to 79%. The main reasons for this performance reduction include: 1. During the reporting period, due to the impact of the economy.
Ye Chiu Metal Recycling (601388.SH): Received the "Decision on the Recovery of State-Owned Construction Land Use Rights" from the Taicang City Natural Resources and Planning Bureau.
On January 6, Gelonghui reported that Ye Chiu Metal Recycling (601388.SH) announced that on January 6, 2025, the company received a document from the Bureau of Land and Resources regarding the decision to reclaim the state-owned construction land use rights. The main content of the decision letter is as follows: "During the hearing, your unit stated: 1. Due to not reviewing the documents in advance and not having seen the evidence from the handling agency, it is unable to provide cross-examination; 2. Since the evidence from the third party was just obtained during the evidential presentation phase, written cross-examination opinions need to be submitted after the meeting. On December 27, 2024, our bureau sent your unit a letter requesting written feedback on the cross-examination opinions, please provide the written feedback by January 2, 2025."
The Three-year Earnings Decline Is Not Helping Yechiu Metal Recycling (China)'s (SHSE:601388 Share Price, as Stock Falls Another 11% in Past Week
Be Wary Of Yechiu Metal Recycling (China) (SHSE:601388) And Its Returns On Capital