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Xinxing Foundry (000778.SZ) announced first-quarter results, net profit of 171 million yuan, a decrease of 49.90%
Xinxing Foundry (000778.SZ) released its report for the first quarter of 2024, achieving 91 operating income during the reporting period...
Emerging Cast Pipe (000778.SZ): This year, it is planned to implement projects such as internationalization of cast pipes and the cultivation of new industries
Gelonghui, April 22 | Xinxing Foundry (000778.SZ) said on the investor interactive platform that according to the development plan, the company plans to implement projects such as internationalization of foundry pipes and the cultivation of new industries this year. At the same time, in line with the 2024 business forecast, the 2023 profit distribution plan has been determined according to law and regulations.
Xinxing Ductile Iron Pipes' (SZSE:000778) Sluggish Earnings Might Be Just The Beginning Of Its Problems
A lackluster earnings announcement from Xinxing Ductile Iron Pipes Co., Ltd. (SZSE:000778) last week didn't sink the stock price. However, we believe that investors should be aware of some underlying
Guosheng Securities: Crude steel production is falling back, and the pace of chemical bonds is expected to accelerate, and undervalued steel companies have future repair opportunities
Most of the steel sector belongs to the smelting and processing industry. Although the resource attributes are lower than the upstream extractive industry, some companies are currently in an undervalued area, and there are opportunities for future restoration.
Xinxing Cast Pipe (000778.SZ): Cast pipe sales bucked the trend and increased 3.8% throughout 2023, and the capacity utilization rate was far higher than the industry average
Gelonghui, April 15 | Xinxing Foundry (000778.SZ) said on the investor interactive platform that in 2023, the steel industry will enter a downward cycle, with structural contradictions between supply and demand in the market highlighted, strong expectations and weak reality intertwined. Steel prices fluctuated and declined, and raw fuel prices continued to be high. In order to effectively respond to cyclical changes in the industry, the company adjusts its business strategy according to the times and circumstances, strengthens linkage and collaboration, optimizes resource allocation, and promotes the improvement of business quality and efficiency. Cast pipe sales bucked the trend and increased by 3.8% throughout the year, and the capacity utilization rate was far higher than the industry average; steel production and sales rate was 100%, product structure was continuously optimized; pipe casting production
Earnings Miss: Xinxing Ductile Iron Pipes Co., Ltd. Missed EPS By 21% And Analysts Are Revising Their Forecasts
As you might know, Xinxing Ductile Iron Pipes Co., Ltd. (SZSE:000778) last week released its latest yearly, and things did not turn out so great for shareholders. Unfortunately, Xinxing Ductile I
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