Chongqing Wangbian Electric (Group) (SHSE:603191) Could Be Struggling To Allocate Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? One common approach is to try and find a company with returns on capital

Simply Wall StJul 12 03:25 ET

2024 Interim Performance Forecast

Sensex a shareJul 9 12:00 ET · Announcements

It is expected that the net income of Wanbian Electric (603191.SH) will decrease by 75.34% to 79.23% year-on-year in the first half of the year.

On July 9th, GeLongHui reported that Wantong Electrical (603191.SH) announced its performance forecast for the first half of 2024. According to preliminary estimates by the finance department, it is expected that the net income attributable to the owners of the parent company in the first half of 2024 will be between 32 million yuan and 38 million yuan, a decrease of 116.08 million yuan to 122.08 million yuan compared to the same period last year, a year-on-year decrease of 75.34% to 79.23%. It is expected that the net income attributable to the owners of the parent company after deducting non-recurring gains and losses for the first half of 2024 will be between 13 million yuan and 19 million yuan, a decrease of 13,31 compared to the same period last year.

Gelonghui FinanceJul 9 04:00 ET

Wangbian Electric (603191.SH): Currently, the orientation of silicon steel products is full production and sales.

On July 2nd, Gelunhui reported that Wangbian Electric (603191.SH) stated on the investor interaction platform that the commissioning of oriented silicon steel production line is aimed at equipment commissioning, and the main factors affecting the grade and appearance of the output products are magnetic properties, iron loss and other indicators. The commissioning of production devices has no relation to this issue. Therefore, the products during the commissioning period are normally sold. Currently, oriented silicon steel products are in full production and sales.

Gelonghui FinanceJul 2 03:34 ET

Since March, the overall price of oriented silicon steel has continued to rise at WBElectronics (603191.SH).

On July 2, Gelunhui reported that the latest commissioning results showed that the output proportion of grade 095 and above has exceeded 80%, and the output proportion of grade 85 and above has exceeded 10% on its investor interaction platform. With the passage of time and the continuous adjustment and improvement of various related elements of the project, it is expected that the proportion of high-grade output will continue to increase, and the grade structure will continue to be optimized. Since March 2024, the overall price of oriented silicon steel has continued to rise. With the national policies of dual carbon, transformer energy efficiency upgrading, and guidance on high-quality development of distribution networks under new situations...

Gelonghui FinanceJul 2 03:33 ET

Wangbian Electric (603191.SH): Order saturation of 80,000 tons of high-end magnetic new materials project.

Wangbian Electric (603191.SH) stated on the investor interaction platform on July 2 that after the stable operation of the 80,000-ton high-end magnetic new materials project is achieved, comprehensive evaluations will be made on the two sets of equipment according to the international and domestic supply and demand situation to determine whether to upgrade the technical transformation. Please refer to the announcement at that time. Please refer to the announcement for related business performance. The order for 80,000 tons of high-end magnetic new materials project is saturated.

Gelonghui FinanceJul 2 03:32 ET