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Benign Growth For Zhuzhou Kibing Group Co.,Ltd (SHSE:601636) Underpins Its Share Price
There Are Reasons To Feel Uneasy About Zhuzhou Kibing GroupLtd's (SHSE:601636) Returns On Capital
Shenyin Wanguo: Profit decline narrows in the building materials industry in Q3 2024, significant improvement in profit for the cement sector.
In the third quarter, the building materials industry achieved revenue of 175.45 billion yuan, (yoy-9.0%, qoq-8.3%), net income attributable to the parent company was 6.45 billion yuan (yoy-32.0%, qoq-17.0%), gross margin in the third quarter was 18.2% (yoy-0.9pct, qoq-0.3pct), net margin was 4.09% (yoy-0.9pct, qoq-0.03pct).
zhuzhou kibing group (601636.SH): intends to issue shares to purchase 28.78% equity of kibing guangneng.
On November 5, Gelonghui announced that zhuzhou kibing group (601636.SH) plans to purchase 28.78% equity of its holding subsidiary, Qibin light energy, by issuing shares. As of the signing date of this summary of the proposal, the audit and evaluation work of the target company has not been completed, and the target asset appraisal value and transaction price have not been determined. The target company of this share issuance to purchase assets, hunan zhuzhou kibing optoelectronic technology co., ltd., is a listed company's holding subsidiary, with zhuzhou kibing optoelectronic's main business being the research and development, production, processing, and sales of photovoltaic glass. This share issuance to purchase a minority stake in zhuzhou kibing optoelectronic is beneficial for further strengthening the listed.
Earnings Miss: Zhuzhou Kibing Group Co.,Ltd Missed EPS And Analysts Are Revising Their Forecasts
Founder Securities: Policy guidance is gradually strengthening, expecting marginal improvement in the future building materials market.
Currently, the building materials industry index is performing well, with most individual stocks rising. It is expected that the building materials market will see marginal improvement in the future, and the industry sector will have a good performance. In the near term, it is necessary to continue to pay attention to the impact of short-term policies on the real estate, infrastructure, and new energy markets.
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