Friend Co.,Ltd. News

Is FriendLtd (SHSE:605050) Using Too Much Debt?

Simply Wall StNov 26 18:37 ET

Friend Co., Ltd. (605050.SH): It is expected that in the fourth quarter of 2024, the prices of upstream raw material steel will be relatively stable.

Gelonghui Nov. 20 | Friend Co., Ltd. (605050.SH) stated at the performance briefing that: (1) In the third quarter of 2024, compared to the second quarter of 2024, there was a certain growth in performance. The main reason for this is the good price trend of automotive sheet metal raw materials and terminal customer orders in the third quarter of 2024, leading to an increase in the company's gross profit from end-user sales. At the same time, the inventory sales at the end of the second quarter turned from loss to profit, achieving some performance growth in the third quarter of 2024 compared to the second quarter of 2024. (2) It is expected that in the fourth quarter of 2024, the company's upstream raw material steel

Gelonghui FinanceNov 20 03:53 ET

FriendLtd's (SHSE:605050) Shareholders Have More To Worry About Than Only Soft Earnings

Simply Wall StOct 31 19:19 ET

Furander: Furander Co., Ltd. Third Quarter Report 2024

SZSIOct 30 12:00 ET · Announcements

Furander Co., Ltd. Third Quarter Report 2024

SZSIOct 30 12:00 ET · Announcements

friend co.,ltd. (605050.SH): The net income in the first three quarters was 0.202 billion yuan, a 31.26% year-on-year decrease.

GeLongHui October 30th | Friend Co., Ltd. (605050.SH) announced that in the first three quarters of 2024, revenue was 7.838 billion yuan, an increase of 12.54% year-on-year; net income attributable to shareholders of the listed company was 0.202 billion yuan, a decrease of 31.26% year-on-year, with basic earnings per share of 0.41 yuan.

Gelonghui FinanceOct 30 03:43 ET

Friend Co., Ltd. (605050.SH) released its performance for the first three quarters, with a net income of 0.202 billion yuan, a year-on-year decrease of 31.26%.

Friend co.,ltd. (605050.SH) disclosed the third quarter report of 2024, achieving revenue of 78....

Zhitong FinanceOct 30 03:37 ET

Friend to Set Up Joint Venture, NEV Parts Factory for 2 Billion Yuan

MT NewswiresOct 22 02:56 ET

Friend Co.,Ltd. (605050.SH): Intends to establish a joint venture to invest in the manufacturing project of new energy fund auto parts.

Gelonghui on October 21st announced that Friend Co.,Ltd. (605050.SH) plans to establish a joint venture with Hunan Hualing Lianyuan Steel Co., Ltd. based on the company's long-term development plan and operational needs. The joint venture aims to invest in and build a new energy vehicle parts manufacturing project in the Lou Di Economic and Technological Development Zone in Hunan. The company, together with the Lou Di Economic and Technological Development Zone Management Committee, Lou Di Hualing Thin Plate Industrial Park Development Co., Ltd., and Hunan Hualing Lianyuan Steel Co., Ltd., jointly signed the "Investment Attraction Project Contract." The total investment of the project is 2 billion yuan (subject to the actual investment amount), with total land use.

Gelonghui FinanceOct 21 03:44 ET

FriendLtd's (SHSE:605050) Returns On Capital Not Reflecting Well On The Business

Simply Wall StSep 28 21:11 ET

Furander Co., Ltd. 2024 Semi-Annual Report

SZSIAug 29 12:00 ET · Announcements

Summary of Furente Co., Ltd. 2024 Semi-Annual Report

SZSIAug 29 12:00 ET · Announcements

Friend co.,ltd. (605050.SH): the net income in the first half of the year was 0.117 billion yuan, a year-on-year decrease of 34.35%.

Gelonghui, August 29 - Friend Co., Ltd. (605050.SH) released the semi-annual report for 2024, achieving a revenue of 5.1 billion yuan, an increase of 15.08% year-on-year; achieving a net income attributable to shareholders of the listed company of 0.117 billion yuan, a decrease of 34.35% year-on-year; net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses was 0.112 billion yuan, a decrease of 33.37% year-on-year. The basic earnings per share was 0.24 yuan. The net profit attributable to the shareholders of the listed company decreased by 34.35% compared to the same period of the previous year, and the net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses decreased compared to the previous year.

Gelonghui FinanceAug 29 07:21 ET

Friend co.,ltd. (605050.SH) released its semi-annual performance with a net income of 0.117 billion yuan, a year-on-year decrease of 34.35%.

Friend co.,ltd. (605050.SH) disclosed its semi-annual report for 2024, reporting revenue of 5.1 billion yuan for the reporting period,...

Zhitong FinanceAug 29 07:15 ET

Friend Co., Ltd. (605050.SH) will distribute a cash dividend of 0.43 yuan per share for the year 2023 on June 28.

Friend Co., Ltd. (605050.SH) announced that the annual dividend for 2023 will be distributed on June 28, 2024....

Zhitong FinanceJun 23 04:56 ET

Returns On Capital Signal Tricky Times Ahead For FriendLtd (SHSE:605050)

Simply Wall StJun 7 01:58 ET

Fuzander (605050.SH): From January to May, the price of upstream automobile sheets was relatively weak, and the increase fell short of expectations

Gelonghui, May 16 | Furande (605050.SH) said at the performance briefing that the properties of automobile steel are customized products, which are different from the range of commodities recognized by the public, that is, general steel. From January to May 2024, the price of upstream automobile sheets was relatively weak. The increase fell short of expectations, which had some impact on the company's safe stock inventory, but the impact of the company's safety stock shipment volume on the company's overall profit was relatively manageable.

Gelonghui FinanceMay 16 05:48 ET

Fuzander (605050.SH): Net profit of 76.7066 million yuan in the first quarter decreased 10.08% year-on-year

Gelonghui, April 29 | Furande (605050.SH) released its report for the first quarter of 2024. During the reporting period, it achieved operating income of 2,392 billion yuan, an increase of 12.23%; net profit attributable to shareholders of listed companies of 76.7066 million yuan, a year-on-year decrease of 10.08%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of 75.2525 million yuan, a year-on-year decrease of 3.53%; and basic earnings per share of 0.16 yuan.

Gelonghui FinanceApr 29 04:03 ET

FriendLtd's (SHSE:605050) Profits May Not Reveal Underlying Issues

Simply Wall StApr 24 20:24 ET

Furande (605050.SH) plans to invest in the construction of steel and aluminum plate processing lines and stamping and welding lines in Wuhu, with a total investment of about 1.2 billion yuan

Furander (605050.SH) announced that the company, Wuhu First Intelligent Manufacturing Co., Ltd., a wholly-owned subsidiary of the company,...

Zhitong FinanceApr 15 08:31 ET