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Sifang New Materials (605122.SH): An agreement has been reached regarding the settlement of claims and debts with Hongrun Construction.
On December 24, Gelonghui reported that Sifang New Materials (605122.SH) announced that the company has reached an agreement with Chongqing Hongrun Construction Group Co., Ltd. (hereinafter referred to as “Hongrun Construction”) and the issuer of its endorsed notes, Chongqing Xingjie Real Estate Co., Ltd. (hereinafter referred to as “Xingjie Real Estate”), regarding the settlement of debts between the company and Hongrun Construction. The assets, including properties that Hongrun Construction and Xingjie Real Estate have the right to dispose of, are valued at 14.9925 million yuan to offset the same amount of Commodity concrete payment owed by Hongrun Construction to the company (the aforementioned transaction is referred to as “debt restructuring”).
Sifang New Materials (605122.SH): The company's operation is normal, and the cash flow situation is good.
GLENCORE November 7th | Sifang New Materials (605122.SH) stated at the performance briefing that the company's operation is normal and the cash flow situation is good. During the industry's downturn, there is certain pressure on accounts receivable collection, the company actively communicates with customers to collect receivables, and accelerates the recovery of accounts receivable through methods such as collection and litigation.
Chongqing Sifang New Materials Co., Ltd. Report for the Third Quarter of 2024
Sifang New Materials (605122.SH): The net income for the first three quarters is approximately 10.88 million yuan, a year-on-year increase of 114.45%.
Gelonghui, October 29th - Sifang New Materials (605122.SH) announced that in the first three quarters of 2024, the revenue was approximately 1.026 billion yuan, a decrease of 29.73% year-on-year; the net income attributable to the shareholders of the listed company was about 10.88 million yuan, an increase of 114.45% year-on-year; and the basic earnings per share was 0.06 yuan.
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