Does Chongqing Shunbo AluminumLtd (SZSE:002996) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know wor
Shunbo Alloy (002996.SZ): Customers in the automotive sector account for more than 50%
Gelonghui, May 22丨Shunbo Alloy (002996.SZ) said on the investor interactive platform that the company's main business is the production and sale of recycled aluminum alloy ingots (liquid) series products in the circular economy sector. The product application fields are broad, and the automotive sector accounts for more than 50% of customers.
Shunbo Alloy (002996.SZ) 2023 equity distribution: 1 yuan for every 10 additional 3 shares
Shunbo Alloy (002996.SZ) issued an announcement. The company's 2023 equity distribution plan is: based on profit share...
The controlling shareholders and co-actors of Shunbo Alloy (002996.SZ) increased their total shares by 1.08%
Shunbo Alloy (002996.SZ) issued an announcement. As of the disclosure date of this announcement, the time for this holdings increase plan has passed halfway,...
Shunbo Alloy (002996.SZ) announced first-quarter results, net profit of 51.77197 million yuan, up 2.2% year-on-year
Shunbo Alloy (002996.SZ) released its report for the first quarter of 2024, with the company's revenue of 2,901 billion...
Zengchao Wang Chongqing Shunbo Aluminum Co.,Ltd.'s (SZSE:002996) CEO Is the Most Bullish Insider, and Their Stock Value Gained 16%last Week
Key Insights Insiders appear to have a vested interest in Chongqing Shunbo AluminumLtd's growth, as seen by their sizeable ownership A total of 2 investors have a majority stake in the company with
Shunbo Alloy (002996.SZ): The development of integrated heat-free die-casting materials is progressing smoothly and is currently in the small-batch trial production stage
Gelonghui March 7 丨 Some investors asked Shunbo Alloy (002996.SZ) on the investor interactive platform, “How is your company's heat-free material development process? Is the development going well, and are there any cooperation with car companies to supply die-cast aluminum alloy?” The company replied that the company's research and development of integrated heat-free die-casting materials is progressing smoothly. Currently, it is in the small-batch trial production stage, and the company will continue to actively promote R&D progress.
Shunbo Alloy (002996.SZ): Controlling shareholders and concerted actors have increased their shares by a total of 1.01%
On March 5, Ge Longhui | Shunbo Alloy (002996.SZ) announced that on March 5, 2024, it received notifications from Wang Zengchao, Wang Zhenjian, Wang Qi, and Du Fuchang, the controlling shareholders and co-actors of the company. From February 8, 2024 to March 5, 2024, the above entities increased their holdings of the company's shares by 4,401,500 shares through centralized bidding transactions, accounting for 1.01% of the company's total share capital. The controlling shareholders and concerted actors have not yet been implemented. In the future, they will continue to take the opportunity to increase their holdings in the company according to the plan to increase their holdings.
Estimating The Intrinsic Value Of Chongqing Shunbo Aluminum Co.,Ltd. (SZSE:002996)
Key Insights Using the Dividend Discount Model, Chongqing Shunbo AluminumLtd fair value estimate is CN¥8.76 Current share price of CN¥7.90 suggests Chongqing Shunbo AluminumLtd is potentially tradin
Shunbo Alloy (002996.SZ): Controlling shareholders and co-actors plan to increase their holdings of the company by 40 million yuan to 80 million yuan
Gelonghui, Feb. 7 | Shunbo Alloy (002996.SZ) announced that the controlling shareholders and co-actors of the company: Wang Zengchao, Wang Zhenjian, Wang Qi, Du Fuchang, based on confidence in the company's future development and recognition of the company's long-term investment value. At the same time, in order to maintain the interests of the majority of shareholders and enhance investors' confidence, it is planned to increase the company's shares within 6 months from February 7, 2024 through methods permitted by the Shenzhen Exchange system (including but not limited to centralized bidding transactions and bulk transactions, etc.). The proposed increase in holdings is not less than RMB 40,000,000 (including capital), not more than RMB 8,000
Take Care Before Jumping Onto Chongqing Shunbo Aluminum Co.,Ltd. (SZSE:002996) Even Though It's 25% Cheaper
Chongqing Shunbo Aluminum Co.,Ltd. (SZSE:002996) shareholders that were waiting for something to happen have been dealt a blow with a 25% share price drop in the last month. Instead of being reward
Shunbo Alloy (002996.SZ): The company has not implemented the use of blockchain technology
Gelonghui, January 30 | Shunbo Alloy (002996.SZ) said on the investor interactive platform that on the sales side, the company has built a steady sales network, which has formed advantages in scale and product quality, and further increased its market share. The company has not implemented the use of blockchain technology. The use of blockchain technology by companies in the same industry will not affect the company's customers and market position.
Should You Be Concerned About Chongqing Shunbo Aluminum Co.,Ltd.'s (SZSE:002996) ROE?
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business.
Shunbo Alloy (002996.SZ): The company's heat-free materials have been verified with OEMs and have now entered the small-batch trial production stage
Gelonghui, December 26|Shunbo Alloy (002996.SZ) stated on the investor interactive platform that the company has applied for a patent for the development of heat-free treatment materials used in integrated die casting and is in the trial stage. The company's heat-free materials have been verified with OEMs, and have now entered the small-batch trial production stage.
Shunbo Alloy (002996.SZ): 52% of the company's terminal products are used in automotive parts
Gelonghui November 28 | Shunbo Alloy (002996.SZ) said on the investor interactive platform that 52% of the company's terminal products are used in automotive parts. Most of the company's downstream customers are die-casting companies, which supply parts to automakers from die-casting companies. Before March 2023, the company's downstream customers supplied products to Changan Automobile; starting in March 2023, the company directly supplied recycled aluminum alloy ingots and aluminum liquid to Changan Automobile. In the future, the company will continue to promote cooperation with automaker customers, including Changan Automobile.
Shunbo Alloy (002996.SZ): Products are mainly used in automobiles, motorcycles, general machinery, hardware, mechanical and electrical industries
Gelonghui November 24丨Shunbo Alloy (002996.SZ) said on the investor interactive platform that the company's downstream customers are widely distributed, and its products are mainly used in automobiles, motorcycles, general machinery, hardware, mechanical and electrical industries. Among them, automobiles account for about 52%, motorcycles account for about 5%, machinery accounts for 13%, communication equipment accounts for 4%, and others account for about 26%.
Shunbo Alloy (002996.SZ): The application for a fixed increase was approved for registration by the Securities Regulatory Commission
Gelonghui November 10 | Shunbo Alloy (002996.SZ) announced that on November 10, 2023, the company received the “Approval to Register the Issuance of Shares to Specific Targets by Chongqing Shunbo Aluminum Alloy Co., Ltd.” issued by the China Securities Regulatory Commission (No. 2510), which approved the registration application for the company to issue shares to specific targets. The approval is valid for 12 months from the date of consent to registration.
Shunbo Alloy (002996.SZ): Production of materials without heat treatment can be completed on existing production lines, and no additional production capacity is required
Gelonghui November 1 | Shunbo Alloy (002996.SZ) was surveyed by a specific target on October 31, 2023, on “the progress of heat-free treatment materials, whether it is necessary to apply for a patent, when is energy production, and is there a concept of increasing production capacity?” The company replied that the company began developing heat-free treatment materials in January 2022. After more than 10 rounds of material testing, research and development, and verification, the properties of heat-free materials can reach 270 MPa, yield strength can reach 130 Mpa, and the extension rate can reach 12%. Mainly aluminum-silicon alloys, have good fluidity and formability, and can be satisfied
Shunbo Alloy (002996.SZ): The market share of the company's recycled aluminum industry in 2022 was 6.66%
Gelonghui November 1 | Shunbo Alloy (002996.SZ) was surveyed by specific targets on October 31, 2023, on “How concentrated is the recycled aluminum industry?” The company replied that the recycled aluminum industry is a fully competitive industry. According to statistics from the Recycled Metals Branch of the China Nonferrous Metals Industry Association, in 2022, the market share of the company's recycled aluminum industry was 6.66%.
Shunbo Alloy (002996.SZ): The Guangdong company has obtained the customs declaration unit registration certificate issued by the Customs
Gelonghui November 1 | Shunbo Alloy (002996.SZ) was surveyed by specific targets on October 31, 2023, on “Does the Guangdong company have import qualifications and licenses?” The company replied that the Guangdong company has obtained a customs declaration unit registration certificate issued by the customs. The Guangdong company is located in a coastal port city and has the natural geographical advantage of importing scrap aluminum. The company makes procurement adjustments according to market prices and the supply of scrap aluminum. When domestic aluminum prices are high, consider increasing imports; when domestic aluminum prices are low, imports are reduced accordingly.
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