Wuxi Honghui New Materials Technology's (SZSE:002802) Problems Go Beyond Weak Profit

The subdued market reaction suggests that Wuxi Honghui New Materials Technology Co., Ltd.'s (SZSE:002802) recent earnings didn't contain any surprises. However, we believe that investors should be aw

Simply Wall StMay 3 19:18 ET

Honghui New Materials (002802.SZ) reported 2023 annual results, net profit of 508.82 million yuan, a year-on-year decrease of 39.83%

According to the Zhitong Finance App, Honghui New Materials (002802.SZ) released its 2023 annual report, with operating revenue of 373 million yuan, a year-on-year decrease of 27.82%. Net profit attributable to shareholders of listed companies was 508.82 million yuan, a year-on-year decrease of 39.83%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 39.765 million yuan, a year-on-year decrease of 48.77%. The basic income per share is 0.28 yuan, a cash dividend of 2.5 yuan (tax included) is distributed to all shareholders for every 10 shares, 0 bonus shares (tax included), and no share capital is transferred from the Provident Fund.

Zhitong FinanceApr 26 09:08 ET

Honghui New Materials (002802.SZ): 1.01% of shares have been cumulatively repurchased

Gelonghui, April 23, 丨 Honghui New Materials (002802.SZ) announced that as of April 23, 2024, the company had repurchased 1,850,035 shares of the company's shares through a special stock repurchase account, accounting for 1.01% of the company's current total share capital. The maximum transaction price was 9.70 yuan/share, the minimum transaction price was 7.60 yuan/share, and the total amount paid was 15.9425 million yuan (not including transaction fees).

Gelonghui FinanceApr 23 05:27 ET

Honghui New Materials (002802.SZ): The company's products are not directly supplied to Xiaomi

Gelonghui, April 10 | Honghui New Materials (002802.SZ) said on the investor interactive platform that the company's products are mainly used in inks, coatings and paints, adhesives, color sheets, magnetic card substrates, plastic floors, engineering plastics and construction profiles. The company's products are not directly supplied to Xiaomi cars, and whether they are supplied indirectly, and no relevant details have been obtained.

Gelonghui FinanceApr 10 03:10 ET

Honghui New Materials (002802.SZ): 0.64% of shares have been repurchased

Gelonghui, April 1, 丨 Honghui New Materials (002802.SZ) announced that as of March 29, 2024, the company had repurchased 1,172,035 shares of the company's shares through a special stock repurchase account, accounting for 0.64% of the company's current total share capital. The highest transaction price was 9.70 yuan/share, the minimum transaction price was 7.60 yuan/share, and the total amount paid was 10,277,386.37 yuan (not including transaction fees).

Gelonghui FinanceApr 1 04:28 ET

Wuxi Honghui New Materials Technology Co., Ltd. (SZSE:002802) Shares Fly 35% But Investors Aren't Buying For Growth

Wuxi Honghui New Materials Technology Co., Ltd. (SZSE:002802) shareholders are no doubt pleased to see that the share price has bounced 35% in the last month, although it is still struggling to make u

Simply Wall StMar 8 17:39 ET