Shandong Donghong Pipe Industry (603856.SH) plans to transfer equity of multiple subsidiaries and focus on the core main business of composite pipelines.

Shandong Donghong Pipe Industry (603856.SH) announced that the company plans to hold the controlling subsidiary City Lifeline Industrial Development (Qu...)

Zhitong FinanceJul 19 05:48 ET

Shandong Donghong Pipe Industry (603856.SH): Plans to transfer the equity of companies such as City Lifeline Qufu.

On July 19th, Gelunhui reported that Shandong Donghong Pipe Industry (603856.SH) planned to transfer its 70% equity in City Lifeline Qufu Company, 49% equity in City and Rural Water Works, and 49% equity in Health Pipeline to East Hong Technology in order to further focus on the main business of composite pipelines, enhance the company's core competitiveness and sustainable development capabilities. It also plans to transfer 100% equity in Meitu Construction to City Construction Group and 100% equity in Zhongtong Transportation to Donghong New Energy. After the completion of the transaction, the company will no longer directly or indirectly hold these equities.

Gelonghui FinanceJul 19 05:46 ET

Shandong Donghong Pipe Industry (603856.SH) will distribute a cash dividend for the year 2023 on July 11, with a dividend per share of 0.189 yuan.

Shandong Donghong Pipe Industry (603856.SH) announced that the company will issue the annual report for 2023 on July 11, 2024...

Zhitong FinanceJul 3 04:41 ET

Donghong Co., Ltd. (603856.SH): The company's pipeline products can be used in the field of pumped energy storage

Gelonghui, May 23丨Donghong Co., Ltd. (603856.SH) said on the investor interactive platform that the company's pipeline products can be used in the field of pumped energy storage. In order to better develop business in the field of pumped energy storage, the company has set up a special business department to carry out specialized marketing layout for this field. In addition to the Loning project, there are other related projects being tracked.

Gelonghui FinanceMay 23 06:34 ET

Donghong Co., Ltd. (603856.SH): PE pipeline products and steel wire pipeline products have high gross margins, and anti-corrosion pipeline products have low gross margins

Gelonghui, May 15, 丨 Donghong Co., Ltd. (603856.SH) said at the performance briefing that due to the complexity of the production process and technical difficulty of the company's various products, there are differences in the gross margin of the company's products. The company's PE pipeline products and steel wire pipeline products have a high gross margin, and the gross margin of anticorrosive pipeline products is low. Gross profit fluctuates from period to period due to the structure of sales products. Sales of anticorrosive pipeline products increased in the first quarter of 2024 compared to the same period last year, leading to a decline in gross profit.

Gelonghui FinanceMay 15 07:59 ET

Donghong Co., Ltd. (603856.SH) announced its 2023 annual results, and net profit of 161 million yuan increased 7.99% year over year

Donghong Co., Ltd. (603856.SH) released the 2023 annual performance report. The company achieved operating income of 2 during the reporting period...

Zhitong FinanceApr 25 09:55 ET