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Should You Investigate Xinfengming Group Co., Ltd. (SHSE:603225) At CN¥11.34?
Xinfengming Group's (SHSE:603225) Returns On Capital Not Reflecting Well On The Business
Insiders the Biggest Winners as Xinfengming Group Co., Ltd.'s (SHSE:603225) Market Cap Rises to CN¥18b
Xinfengming group (603225.SH): In October, failed to repurchase shares through centralized auction trading.
On November 1, Gelonhui announced that xinfengming group (603225.SH) disclosed that in October 2024, the company has repurchased 0 shares through centralized auction trading. From the start of this repurchase to the end of October 2024, the company has repurchased a total of 23.7764 million shares, accounting for 1.56% of the total share capital. The highest purchase price was 14.85 yuan/share, the lowest price was 9.60 yuan/share, and the total amount paid was 276.555708 million yuan (excluding transaction fees such as commission and transfer fees).
Minsheng Securities: The new olefin project is about to be put into production, and the industry structure is expected to become more concentrated in the leading companies.
Phase I of Baofeng Coal-based New Materials Project, with an annual capacity of 2.6 million tons of coal-to-olefin and supporting 0.4 million tons/year of imbedded green hydrogen-coupled olefin production, will commence trial production in November as the world's largest single plant scale olefin production project, expected to contribute 2.6% of olefin capacity incrementally.
XIN FENGMING: THIRD QUARTER REPORT 2024