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Yuancheng Environment Unit Bags Industrial Park Project
ST YUANCHENG (603388.SH): A subsidiary won the bid for the construction project of 1#2# production building and 11#12# factory building in Anhui Investment Innovation Industrial Park, with a bid amount of 45 million yuan.
GLEPRE October 8th | ST Yuancheng (603388.SH) announced that its wholly-owned subsidiary, Hangzhou Yuancheng Planning and Design Group Co., Ltd. (hereinafter referred to as "Yuancheng Planning and Design"), received the "Bid Winning Notice" sent by Lu'an Jiunuo Engineering Consulting Co., Ltd. on October 8, 2024, confirming Yuancheng Planning and Design as the winning bidder for the project. Project Name: Wintouch Industrial Park 1#2# Production Building, 11#12# Plant Project. Winning bid price: 45 million yuan.
ST Yuancheng (603388.SH): Unable to repay the raised funds on time.
Gelonghui on September 24th: ST Yuancheng (603388.SH) announced that the actual temporary supplementary working capital usage period for some idle raised funds of the company is from September 25, 2023 to September 24, 2024. As of September 24, 2024, the company has returned RMB 2.685 million of the idle raised funds used for temporary supplementary working capital to the special fund account, with the remaining RMB 12.315 million yet to be returned. Due to the company's stocks being subjected to other risk warnings, the company's financing capacity is limited, and the recovery of project funds is lower than expected, leading to the current working capital situation of the company.
Yuancheng Environmental Co., Ltd. 2024 Semi-Annual Report
Summary of the 2024 semi-annual report of Yuancheng Environmental Co., Ltd.
ST Yuancheng (603388.SH): A net loss of 65.182 million yuan in the first half of the year.
On August 29th, Gleonhui reported that ST Yuancheng (603388.SH) released its semi-annual report. In the first half of 2024, the company achieved revenue of 57.9152 million yuan, a decrease of 75.33% compared to the same period last year. The net income attributable to the shareholders of the parent company was -65.182 million yuan, a decrease of 543.13% compared to the same period last year. This is mainly due to the impact of macroeconomic environment, industry environment, etc., resulting in a decrease in order profitability. Furthermore, some customers were unable to pay the engineering fees on time, resulting in a slowdown in the collection of accounts receivable. As a result, the Yuelongshan Resort was transferred (which was originally a subsidiary within the scope of the listed company's merger).
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