01370 AOWEI HOLDING
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AOWEI HOLDING News
Aowei Holding Limited AGM Concludes With Unanimous Support
Huabao Securities: The overall steel inventory removal process in April accelerated downstream demand or was supported by policies
As the release of steel mill supply gradually progressed in April, compounded by national policies to stimulate downstream demand, the overall rate of steel de-stocking accelerated in April. The improvement in profits of steel companies stimulates the enthusiasm of steel mills to produce, and it is expected that the capacity utilization rate of steel mills will continue to grow in May.
Haitong International: The PB valuation is already at the bottom of the 24Q1 domestic crude steel consumption decline sector
Judging from the PB trend in the steel sector (Shenwan) over the past 24 years, the PB valuation of the steel sector is currently in the bottom region; in global comparison, the PB valuation of A-share steel companies is in the middle. The more expensive ones are the US and Taiwan, and the valuations of European and Russian steel companies are significantly lower.
China Steel Association: In April, China's crude steel production of 85.94 million tons fell 7.2% year on year
According to the China Iron and Steel Association, data released by the National Bureau of Statistics shows that in April, crude steel production was 85.94 million tons, a year-on-year decrease of 7.2%.
China Mining Association: The cumulative production of 336.026 million tons of steel in the first quarter increased 4.4% year-on-year
On April 30, the China Mining Association announced the economic performance of the metallurgical mining industry for March 2024.
奧威控股：年報2023
World Steel Association: In January 2024, global crude steel production was 161.2 million tons, down 4.3% year on year
On April 23, the World Steel Association announced the global crude steel production volume for March 2024.
China Steel Association: In early April, according to key statistics, the daily crude steel production of steel companies declined by 2.11,1800 tons year-on-year
On April 17, according to the China Iron and Steel Association, in early April 2024, key statistics steel companies produced a total of 21.1117,700 tons of crude steel, 19.646 million tons of pig iron, and 197532 million tons of steel.
Aowei Holdings (01370.HK)'s annual revenue of about 667 million yuan decreased by about 28.8% year-on-year
GLONGHUI March 26 | Aowei Holdings (01370.HK) announced that for the year ended December 31, 2023, the company's revenue was approximately RMB 667.4 million, a decrease of approximately RMB 270.4 million or 28.8% compared with the same period last year. The loss attributable to the company's equity holders was approximately RMB 549.1 million, while the profit attributable to the company's equity holders was approximately RMB 60.8 million in the same period last year. Gross profit during the reporting period was approximately RMB 99.2 million, a decrease of approximately RMB 64.5 million or 39.4% compared with the same period last year.
AOWEI HOLDING: RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
Aowei to Swing to Loss to 2023
Aowei Holding (HKG:1370) expects an attributable loss of up to around 600 million yuan for the year 2023, as compared to a profit of 60.8 million yuan in 2022, a March 15 filing by the Hong Kong bours
Aowei Holdings (01370.HK) Profit Warning: Equity holders are expected to account for no more than 600 million yuan in losses in 2023
On March 15, GLONGHUI Holdings (01370.HK) announced that for the year ended December 31, 2023 (“reporting period”), the reporting period is expected to record losses attributable to the company's equity holders of not more than RMB 600 million (same period in 2022: recorded profit of RMB 60.8 million). According to the announcement, the Group's losses during the reporting period were mainly due to (1) continuous heavy rain disasters in the area belonging to the company's mine at the end of July 2023, environmental production restrictions in the Hebei region in the fourth quarter, and Laiyuan County Jiheng Mining Co., Ltd. (“Jiheng Mining”), a subsidiary of the group
AOWEI HOLDING: INSIDE INFORMATION PROFIT WARNING
Aowei Holdings (01370.HK) will hold a board meeting on March 26 to approve the annual results
Glonghui, March 14, 丨 Aowei Holdings (01370.HK) announced that the company will hold a board meeting on March 26, 2024 to review and approve the annual results and publication of the company and its subsidiaries for the year ended December 31, 2023, and to consider the payment of a final dividend (if any).
AOWEI HOLDING: DATE OF BOARD MEETING
China Steel Association: In early March, key statistics showed that steel companies' crude steel production of 2,058,000 tons per day fell 3.38% month-on-month
According to the China Steel Association, in early March 2024, according to key statistics, steel companies produced a total of 205.77,800 tons of crude steel, 18.4.376 million tons of pig iron, and 19.2762 million tons of steel.
China Steel Association: In late February, key statistics showed that steel companies' crude steel production of 2.13 million tons per day increased 1.38% month-on-month
The China Iron and Steel Association issued a document stating that in late February 2024, key statistics on steel companies produced a total of 19.1696 million tons of crude steel, 16.9.09 million tons of pig iron, and 18.5848 million tons of steel.
World Steel Association: In January 2024, global crude steel production was 148.1 million tons, down 1.6% year on year
According to the data, in January 2024, the world's crude steel production in 71 countries included in the World Steel Association statistics was 148.1 million tons, a year-on-year decrease of 1.6%.
Huafu Securities: Real estate drag is gradually easing, and total steel demand is expected to grow steadily in '24
The Zhitong Finance App learned that Huafu Securities released a research report saying that in 2023, China's crude steel production will be about 1,019 billion tons, which is basically the same as the previous year.
China Steel Association: In late December, key statistics showed that steel companies' crude steel production of 1.661,000 tons per day fell 13.63% month-on-month
According to the China Steel Association, in late December 2023, according to key statistics, steel companies produced a total of 18.327 million tons of crude steel, 17.5392 million tons of pig iron, and 211.483 million tons of steel.
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