Chengbang Eco-Environment Co.,Ltd. (SHSE:603316) May Have Run Too Fast Too Soon With Recent 29% Price Plummet

The Chengbang Eco-Environment Co.,Ltd. (SHSE:603316) share price has fared very poorly over the last month, falling by a substantial 29%. The drop over the last 30 days has capped off a tough year

Simply Wall StJun 18 02:53 ET

Chengbang Ecoenvironment (603316.SH): controlling shareholder and actual controller terminate the agreement for transferring part of the company's shares.

Chengbang Ecoenvironment (603316.SH) announced on June 14th that as of the disclosure date of this announcement, due to the inability of the company's controlling shareholder and actual controller, Mr. Fang Liqiang, and Qinyun Investment to reach complete agreement on the performance of the Share Transfer Agreement and the Supplementary Agreement of Equity Transfer Agreement, the two parties have not actually performed the above-mentioned share transfer agreement. After consultation, they agreed to terminate the signed Share Transfer Agreement and Supplementary Agreement of Equity Transfer Agreement, and signed the Termination Agreement of Share Transfer Agreement on June 14, 2024. The termination of this agreement transfer will not result in a change in the company's controlling power.

Gelonghui FinanceJun 14 05:27 ET

Chengbang Co., Ltd. (603316.SH): As the company's PPP project gradually enters the operation and maintenance period and reaches the collection point, operating cash flow will improve

Gelonghui, May 23, 丨 Chengbang Co., Ltd. (603316.SH) said at the performance briefing that the company's existing PPP projects were still under construction in previous years, requiring a large amount of working capital during the PPP project construction process. PPP projects have not entered the operation period and have not yet reached the collection point, and due to the impact of the macro environment, project payback was slow, resulting in a negative net cash flow from the company's operating activities in previous years. As the company's PPP project gradually enters the operation and maintenance period and reaches the collection point, the company's operating cash flow will improve. The net operating cash flow in 2023 was 83.2363 million yuan, which changed from negative

Gelonghui FinanceMay 23 06:43 ET

The actual controller of Chengbang Co., Ltd. (603316.SH) acted in concert to transfer 5.12% of the shares to Ningbo Ningju at a price of 52.3623 million yuan

Chengbang Co., Ltd. (603316.SH) announced that Li Min, the controlling shareholder and actual controller of the company, plans to cooperate...

Zhitong FinanceMay 6 08:01 ET

Chengbang Co., Ltd. (603316.SH) announced its 2023 annual results, with a net loss of 108 million yuan, an increase of 95.14% year over year

Chengbang Co., Ltd. (603316.SH) released the 2023 annual performance report. The company achieved operating income of 4 during the reporting period...

Zhitong FinanceApr 29 11:44 ET

More Unpleasant Surprises Could Be In Store For Chengbang Eco-Environment Co.,Ltd.'s (SHSE:603316) Shares After Tumbling 30%

The Chengbang Eco-Environment Co.,Ltd. (SHSE:603316) share price has fared very poorly over the last month, falling by a substantial 30%. Instead of being rewarded, shareholders who have already he

Simply Wall StApr 22 20:08 ET