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Is Jiangxi Hungpai New Material (SHSE:605366) Using Too Much Debt?
Hungpai New Material to Raise Thai JV Capital By 302 Million Yuan
Jiangxi Hungpai New Material (605366.SH): Plans to increase capital to the holding subsidiary Jiangxi Hungpai New Materials Co., Ltd.
On February 11, Gelonghui reported that Jiangxi Hungpai New Material (605366.SH) announced the establishment of a holding subsidiary in Thailand in partnership with Thai investors Polapat and Vararat. The registered capital of Jiangxi Hungpai in Thailand is 5,000,000.00 Thai Baht, with the company contributing 4,500,000.00 Thai Baht, accounting for 90% of the joint venture's equity; Thai investor Polapat contributed 250,000.00 Thai Baht, accounting for 5% of the joint venture's equity; Thai investor Vararat contributed 250,000.00 Thai Baht, accounting for the joint venture.
Hongbai New Materials: Jiangxi Hongbai New Materials Co., Ltd. 2024 Annual Results Forecast
Jiangxi Hongbai New Materials Co., Ltd. 2024 Annual Results Forecast
Jiangxi Hungpai New Material (605366.SH): Expected loss of 24 million yuan to 35 million yuan in 2024.
Gelonghui on January 16 reported that Jiangxi Hungpai New Material (605366.SH) announced the performance forecast for the year 2024. According to preliminary calculations by the financial department, it is expected that the net income attributable to the parent company's owners for the year 2024 will be between -35 million yuan and -24 million yuan, indicating a loss compared to the same period last year (statutory disclosed data). The company expects the net income attributable to the parent company's owners, after excluding non-recurring gains and losses, to be between -41 million yuan and -28 million yuan for the year 2024.
Jiangxi Hungpai New Material Co., Ltd.'s (SHSE:605366) 26% Share Price Surge Not Quite Adding Up