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Guangdong Fangyuan New Materials Group Co., Ltd. (SHSE:688148) Held Back By Insufficient Growth Even After Shares Climb 29%
Fangyuan Co., Ltd. 2024 Semi-Annual Report
Summary of the 2024 semi-annual report of Fangyuan Co., Ltd.
Fangyuan Co., Ltd. (688148.SH) released its performance for the first half of the year, with a net loss of 66.1941 million yuan, an expanded loss.
Fangyuan Corporation (688148.SH) released its semi-annual report for 2024, with revenue of 1.04 billion yuan, ...
Fangyuan Corporation (688148.SH): The net loss for the first half of the year was 66.1941 million yuan.
On August 28th, Fangyuan Corporation (688148.SH) announced its semi-annual report for the first half of 2024, with a revenue of 1.04 billion yuan, a year-on-year decrease of 27.12%, and a net income of -66.1941 million yuan attributable to shareholders of the listed company. The revenue decreased compared to the same period last year and the overall company is still in a loss. The main reasons are: the continuous impact of the decline in nickel, cobalt, and lithium metal prices, the slowing down of downstream demand and active destocking, and the introduction of restrictive trade policy bills. During the reporting period, the sales quantity and price of some products, such as ternary precursors, decreased compared to the same period last year; coupled with fundraising.
Fangyuan Shareholding (688148.SH): The agreement on concerted actions between the controlling shareholder and the actual controller has expired and will be terminated.
On August 6th, Gelonhui announced that Fangyuan shares (688148.SH) announced that the controlling shareholder and actual controller, Luo Aiping, actual controller Wu Fang, Yuan Yuan, Xie Songshu, Long Quan'an, Zhang Bin, Liu Jingxing, Lin Jieping, Chen Jianliang, Lin Weiyi, Zhu Qinying, Chen Shaoan, Pingfang Yili jointly signed the "Unified Action Agreement" on March 1, 2020, which expires on August 6, 2024. All parties confirm that the aforementioned agreement will not be renewed after it expires, and the joint action relationship will be naturally terminated. Luo Aiping, Wu Fang, Pingfang Yili, Wu Wencheng, and Jin Xiaoya, who are close relatives of Wu Fang, still constitute a joint action relationship; Yuan Yuan, Xie Song
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