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Henan Mingtai Al. Industrial (601677.SH): Has communicated with foreign customers to raise product processing fees.
On December 13, Gelonghui reported that Henan Mingtai Al.Industrial (601677.SH) stated on the interactive platform: 1. The company's current production capacity is 1.4 million tons, with a compound annual growth rate of 14% in production and sales since its listing. After the new projects gradually reach capacity, it can achieve a production capacity of 2 million tons. 2. The company has strong production and sales, with a shipment volume of 1.33 million tons from January to November 2024, and a net income attributable to the parent company of 1.411 billion yuan in the first three quarters, exceeding last year's total level. 3. The company currently has orders for about 1.5 months. 4. The company timely chooses foreign trade payment and settlement methods that benefit itself, and the depreciation of the RMB against the USD has little impact on the company. 5. The company's...
Can Henan Mingtai Al.Industrial Co.,Ltd. (SHSE:601677) Maintain Its Strong Returns?
Mingtai Aluminum\'s November 2024 Business Report
Increase the proportion of high value-added products Henan Mingtai Al.Industrial plans to change some of the raised funds investment projects | Quick Read Announcement
① In the opportunity of the "Zhengkai 3 million autos industry belt," henan mingtai al.industrial is increasing investment in new energy battery materials and aluminum plates and strips for autos; ② The company has entered high-tech and high value-added fields such as aluminum for new energy, aluminum for new materials, aluminum for transportation, and aluminum for lightweight autos.
henan mingtai al.industrial (601677.SH): intends to change some of the raised funds investment projects.
Gelonghui, November 29丨Henan Mingtai Al. Industrial (601677.SH) announced that the total original project investment was 4,035.42 million yuan, with planned investment of raised funds at 1,268.3527 million yuan. Based on changes in the domestic and foreign market environment and policies, to better protect the interests of the company and all shareholders, the company has made a prudent decision to change part of the unused raised funds and accumulated earnings to be used for the implementation of the "Auto and Green Energy Aluminum Industrial Park Project" by its wholly-owned subsidiary Henan Hongsheng New Materials Technology Co., Ltd., with a total investment amount of 2.006 billion yuan, and the amount of raised funds to be used is 12.
Henan Mingtai Al. Industrial (601677.SH): The cancellation of the aluminum product export tax rebate will take effect from December, and the company's existing foreign trade orders can be shipped by the end of November.
On November 22, Gelonghui reported that Henan Mingtai Al. Industrial (601677.SH) stated on the interactive platform that the cancellation of the aluminum export tax rebate will be implemented starting in December. The company's current foreign trade orders can be shipped by the end of November. The company's recycled aluminum products are green and low-carbon, with significant advantages, and communication has already taken place with foreign customers to increase product prices. At the same time, measures such as processing materials and increasing the company's overseas production capacity will also be taken to eliminate the negative impact brought by the cancellation of the tax rebate.
Why Investors Shouldn't Be Surprised By Henan Mingtai Al.Industrial Co.,Ltd.'s (SHSE:601677) Low P/E
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