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Research Reports Gold Mining | Debon Securities: Maintains "Buy" rating for Shengquan Group, synthetic Resin is in an Industry leading position.
The research report by Debon Securities points out that Shengquan Group (605589.SH) has comprehensive advantages in synthetic resin and holds a leading position in the industry, maintaining the company's 'Buy' rating. In the first three quarters, both the price and volume of phenolic resin have risen, while the resin for casting has compensated in price through increased volume. Overall, the company's main business operations continue to show steady progress. In terms of biomass: the Daqing production base's '1 million tons/year biomass refined integrated (Phase I project)' has steadily ramped up its capacity after the transformation, with the capacity utilization rate exceeding 70% by the end of the third quarter. Full production is expected in the fourth quarter, aiming to achieve monthly break-even by the first quarter of 2025. The company has two stock events within the year.
Shengquan Group (605589.SH): has cumulatively repurchased 1.02% of its shares.
On December 25, Gelonghui reported that Shengquan Group (605589.SH) announced that as of December 25, 2024, the company has cumulatively repurchased 8,629,967 shares, accounting for 1.02% of the company's current total equity, an increase of 1.00% compared to the previous disclosure. The highest transaction price was 23.98 yuan/share, the lowest transaction price was 22.98 yuan/share, and the total amount paid was 203,259,432.33 yuan (excluding stamp duty and transaction commission fees).
Jinan Shengquan Group Share Holding's (SHSE:605589) Returns Have Hit A Wall
Shengquan Group (605589.SH): Obtained a share buyback loan from financial institutions.
On December 4th, Gelonghui reported that Shengquan Group (605589.SH) announced that it recently received a 'Loan Commitment Letter' issued by the Bank of China Jinan Branch, agreeing to provide a special loan to the company for the implementation of share buyback, with the loan amount not exceeding 500 million yuan and not exceeding 70% of the total buyback amount, with a term of 1 year. Apart from the aforementioned loan, the remaining funds for this buyback will be from the company's own funds.
Insiders Own 28% of Jinan Shengquan Group Share Holding Co., Ltd. (SHSE:605589) Shares but Individual Investors Control 51% of the Company
Shengquan Group (605589.SH) has repurchased 1.25% of the shares, spending 0.197 billion yuan in total.
Shengquan Group (605589.SH) has announced that as of the end of October 2024, the company has cumulatively repurchased shares...
Here's What's Concerning About Jinan Shengquan Group Share Holding's (SHSE:605589) Returns On Capital
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