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KANGLI INT HLDG: INTERIM REPORT 2024
Who is the main player in the csi commodity equity index in the fourth quarter? Wait patiently for the "landing" of the Fed rate cut.
Can gold continue to lead the way? Will crude oil, iron ore, and other big losers be able to turn the tide?
CITIC Securities: Steel prices fluctuate and seek the bottom, waiting for demand to recover.
Currently, as we approach the end of August, whether the demand will improve in the later period will be the key to whether steel prices will stop falling and rebound, given the significant reduction in production in steel mills.
Kangli International Holdings (06890.HK): The net profit for the first half of the year was 62.228 million yuan, an increase of 513.5% year-on-year.
Gelonghui, August 26th | Kangli International Holdings (06890.HK) announced that for the six months ended June 30, 2024, the group's total income was approximately 1.005 billion yuan, an increase of about 20.3% year-on-year. The increase in the group's income is mainly due to the impact of the group's product sales volume and overall average selling price. The total sales volume for the six months ended June 30, 2024 was 0.168 million tons, up 16.5% from the same period last year. The overall average selling price of the products during this period increased by 3.1% compared to the same period last year. The profit attributable to equity shareholders of the company was RMB 62.228 million, an increase of 5% year-on-year.
KANGLI INT HLDG: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
Steel companies are issuing warnings about a "severe winter"! The market cap of the world's four largest iron ore miners has evaporated by over 100 billion US dollars.
Many steel companies' predictions about the severe industry outlook have made several major international iron ore suppliers, who are upstream industries, begin to have a difficult time in recent days. Since the beginning of this year, the price of this key steelmaking raw material has fallen by more than one-third. The market capitalization of the "four major" global iron ore miners has evaporated by about 100 billion US dollars in total.
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