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Tianjin You Fa Steel Pipe Group (601686.SH): plans to terminate the fundraising investment project and use the remaining raised funds for permanent working capital replenishment.
On December 13th, Gelonghui reported that Tianjin You Fa Steel Pipe Group Stock (601686.SH) announced that the fifth Board of Directors' fourteenth meeting was held on December 13, 2024, to review and approve the "Proposal to Terminate Fundraising Projects and Use Remaining Funds to Permanently Supplement Working Capital." The company agreed to terminate the public offering of convertible corporate bonds fundraising project for the year 2022, "Tangshan You Fa New Construction Materials Co., Ltd. Welding Steel Pipe, Hot-Dip Galvanized Scaffolding, and Climbing Frame Processing Project," and use the remaining raised funds to permanently supplement working capital for the company's daily production operations and business development. As of 202
Insiders With Their Considerable Ownership Were the Key Benefactors as Tianjin You Fa Steel Pipe Group Stock Co., Ltd. (SHSE:601686) Touches CN¥8.3b Market Cap
tianjin you fa steel pipe group stock (601686.SH): The 'Gongfu No. 1' employee stock ownership plan is planning to raise no more than 0.24 billion yuan.
Gelonghui November 12th, tianjin you fa steel pipe group stock (601686.SH) announced the 'Gongfu No.1' employee stock ownership plan. The total amount of funds to be raised by this employee stock ownership plan is capped at 240 million yuan, with '份' as the subscription unit, and each share is 1.00 yuan. The ratio of financing funds to own funds shall not exceed 1:1. The sources of shares for this employee stock ownership plan are shares repurchased by the company's special account for repurchase, and the acquisition and holding of the company's stocks through the secondary market purchase (including but not limited to concentrated bidding, block trading, and agreement transfer), or other methods permitted by laws and regulations.
Tianjin You Fa Steel Pipe Group Stock Co., Ltd.'s (SHSE:601686) Dismal Stock Performance Reflects Weak Fundamentals
tianjin you fa steel pipe group stock (601686.SH): The company's total inventory of raw materials and products generally maintains a normal range of around 0.6-1 million tons.
Gelonghui reported on October 31st that tianjin you fa steel pipe group stock (601686.SH) stated at an investor relations event that the company has always adhered to a low inventory running strategy. However, in order to ensure the normal production and sales order, each production base must maintain a certain level of raw material inventory and product inventory to timely meet the market's demand for various types and specifications of steel pipe products. The company's total inventory of raw materials and products generally remains in the normal range of around 0.6-1 million tons, currently at a relatively low inventory level.
Third Quarter Report 2024
The Returns On Capital At Tianjin You Fa Steel Pipe Group Stock (SHSE:601686) Don't Inspire Confidence
