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Wujin Stainless 2024 Semi-Annual Report
Summary of the 2024 semi-annual report of Wujin Stainless
Jiangsu Wujin Stainless Steel Pipe Group's net profit in the first half of the year decreased by more than 20% year-on-year, due to the decline in downstream demand and the underutilization of new production capacity. Interpretations.
①The demand for downstream petrochemical industry fell short of expectations, and the sales price of stainless steel welded pipes declined. In the first half of the year, the performance of Jiang su wujin stainless steel pipe group declined by more than 20% year-on-year. ②In August last year, a project of 0.02 million tons of high-performance stainless steel seamless pipes for high-end equipment manufacturing was put into operation by Jiang su wujin stainless steel pipe group. However, looking at the production and sales data of seamless pipes in the first half of the year compared to the same period last year, the production capacity of this project is not currently being utilized.
Jiang Su Wujin Stainless Steel Pipe Group (603878.SH): The net income in the first half of the year was 0.14 billion yuan, a year-on-year decrease of 23.97%.
On August 27th, Jiangsu Wujin Stainless Steel Pipe Group (603878.SH) announced its semi-annual report. In the first half of 2024, the company achieved a total operating income of 1.53 billion yuan, a decrease of 16.22% compared to the same period last year. The net income attributable to shareholders of the listed company was 0.14 billion yuan, a decrease of 23.97% compared to the same period last year. The net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 0.132 billion yuan, a decrease of 24.25% compared to the same period last year.
Changjiang Securities: Steel market in the second half of the year may revolve around expectations and supply-side games. The rhythm may be first suppressed and then boosted.
Around the expectations or supply game, the steel market may enter a phase of first suppressing and then raising in the second half of the year. Under the lack of obvious demand drive, the steel market may revolve around expectations and supply-side games.
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. (SHSE:603878) Stock Goes Ex-Dividend In Just Four Days
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