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Shandong Donghong Pipe Industry (603856.SH): won the bid for the purchase project of 0.291 billion yuan steel pipes and steel fittings for a certain underground water supply project.
On September 13, Gelonhui announced that Shandong Donghong Pipe Industry (603856.SH) received a bid-winning notice from a tender agency on September 13, 2024, confirming the company as the winning bidder for a groundwater replenishment project steel pipe and steel component pipe procurement project, with a bid price of 0.291 billion yuan.
We Think That There Are Some Issues For Shandong Donghong Pipe Industry (SHSE:603856) Beyond Its Promising Earnings
Shandong Donghong Pipe Industry 2024 Interim Report.
Shandong Donghong Pipe Industry 2024 semi-annual report summary
Shandong Donghong Pipe Industry (603856.SH): Net income of 0.15 billion yuan in the first half of the year, a year-on-year increase of 5.02%.
Shandong Donghong Pipe Industry (603856.SH) released its 2024 interim report, achieving a revenue of 1.578 billion yuan, a 2.13% increase year-on-year; net income attributable to shareholders of the listed company was 0.15 billion yuan, a 5.02% increase year-on-year; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 0.147 billion yuan, a 7.46% increase year-on-year; and basic earnings per share were 0.59 yuan. The growth in net income was mainly due to the increase in the company's sales orders and the growth in revenue for this period.
Shandong Donghong Pipe Industry (603856.SH): PE steel wire pipe products have been used in underground rescue.
Shandong Donghong Pipe Industry (603856.SH) stated on the investor interaction platform on August 15 that the company's products are divided into two categories: metal pipes and non-metallic pipes, including five series of products namely, PE pipes, steel wire pipes, anti-corrosion pipes, thermal insulation pipes, and PVC pipes, which are widely used in water conservancy, water affairs, industry and mining, municipal engineering, thermal power, oil & gas transportation, agriculture irrigation and other fields. Non-metallic pipes can be rapidly and conveniently installed with the company's connection advantages, and PE steel wire pipes were previously used in underground rescue missions.
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