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Fangyuan Co., Ltd. (688148.SH): The price for this inquiry transfer is 4.63 yuan/share.
On November 27, Gronhui announced that Fangyuan Co., Ltd. (688148.SH) has preliminarily determined the transfer price to be 4.63 yuan/share after inquiring institutional investors, which is 81.51% of the closing price of 5.68 yuan/share on the pricing date for the inquiry transfer (i.e., November 27, 2024). A total of 7 institutional investors participated in the inquiry transfer quote, covering professional institutional investors such as fund management companies, qualified overseas investors, and private fund managers. The shares intended for this inquiry transfer have been fully subscribed, with the preliminary confirmed transferees being 7 institutional investors, aiming to transfer a total of 1 share.
Fangyuan Co., Ltd. (688148.SH): Currently, the company's lithium carbonate production capacity is still in the ramp-up stage.
On November 21, Gelonghui reported that Fangyuan Co., Ltd. (688148.SH) stated on the interactive platform that, leveraging the company's advantages in wet process technology, it has already established mature technology in lithium recovery, achieving a high recovery rate and high product purity, while the lithium extraction costs are relatively low, theoretically reaching a considerably high level of gross margin. However, the company's lithium carbonate production capacity is still in the ramp-up phase, and due to substantial fixed expenses such as depreciation of production line fixed assets, labor costs, and amortization expenses, the gross margin level may experience fluctuations.
Fangyuan Corporation (688148.SH): Subsidiary signed the Annual Lithium Carbonate Supply Contract and the Annual Global Strategy Cooperation Agreement.
On November 19, Gelonghui reported that Fangyuan Co., Ltd. (688148.SH) announced that its wholly-owned subsidiary, Fangyuan Recycling, has signed a "Lithium Carbonate Annual Supply Contract" with Zhongtuo New Energy, stipulating that Fangyuan Recycling will provide no less than 0.01 million tons of battery-grade lithium carbonate to Zhongtuo New Energy, with the contract performance period from January 1, 2025, to December 31, 2025. At the same time, Fangyuan Recycling signed an "Annual Strategic Cooperation Agreement" with Xiangyu New Energy, stipulating that Fangyuan Recycling will provide 0.015 million tons (fluctuating up or down by 10%) of battery-grade lithium carbonate to Xiangyu New Energy, and Xiangyu New Energy will provide Fangyuan Recycling with including but...
Fangyuan Stock Report for the Third Quarter of 2024
Fangyuan Co., Ltd. (688148.SH): A net loss of 0.119 billion yuan in the first three quarters.
Grainews, October 29th - Fangyuan Stock (688148.SH) announced that in the first three quarters of 2024, it achieved revenue of 1.415 billion yuan, a decrease of 25.51% year-on-year; net income attributable to shareholders of the listed company was -0.119 billion yuan, with a basic earnings per share of -0.23 yuan.
Guangdong Fangyuan New Materials Group Co., Ltd. (SHSE:688148) Held Back By Insufficient Growth Even After Shares Climb 29%
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