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China Oriental Group Logs Operating Profit of 57 Million Yuan in July-September
china oriental (00581.HK): The sales volume of self-produced steel products in the third quarter is approximately 1.7 million tons.
Glory Line 22nd November | China Oriental Group (00581.HK) announced that as of 30th September 2024, the group's self-produced steel products sales volume is approximately 1.7 million tons, with a gross profit of about 50-100 yuan per ton of self-produced steel products, and an operating surplus of approximately 57 million yuan after deducting net financial costs.
Express News | China Oriental - Qtrly Sales Volume Self-Manufactured Steel 1.7 Mln Tonnes
Express News | China Oriental - Qtrly Operating Profit After Net Finance Costs RMB 57 Mln
Brokerage Morning Meeting Highlights: The historical bottom of real estate stock valuation may have been established.
At today's brokerage morning meeting, China Securities Co.,Ltd. proposed supply-side optimization, suggesting to focus on industries such as steel, photovoltaic, cement, coal, and rare earths; htsc stated that domestic sales of household appliances are improving with stable exports, focusing on two major themes for the year 2025; China International Capital Corporation believes that the historical bottom of real estate stock valuation may have been established.
Hong Kong stocks showed fluctuations | Steel stocks surged in early trading as the Securities Regulatory Commission released guidelines for market cap management, the steel sector is expected to welcome valuation recovery.
Steel stocks surged in the morning. As of the time of publication, Chongqing Iron and Steel (01053) rose by 13.98% to HKD 1.06; Angang Steel (00347) rose by 4.96% to HKD 1.48; Maanshan Iron (00323) rose by 2.61% to HKD 1.18; China Oriental (00581) rose by 0.87% to HKD 1.16.
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