Is Lingyuan Iron & Steel (SHSE:600231) Using Debt In A Risky Way?

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

Simply Wall StJun 3 18:21 ET

Ling Steel Co., Ltd. (600231.SH): Does not produce stainless steel

Gelonghui, May 10丨Ling Steel Co., Ltd. (600231.SH) said on an interactive platform that the company does not produce stainless steel.

Gelonghui FinanceMay 10 05:00 ET

Ling Steel Co., Ltd. (600231.SH): Net loss of 320 million yuan in the first quarter

Gelonghui, April 29丨Ling Steel Co., Ltd. (600231.SH) released its first quarter report. Operating revenue was 5.18 billion yuan, down 6.27% year on year, net loss of 320 million yuan, net loss of 323 million yuan after deducting non-net loss of 323 million yuan, and basic earnings per share of -0.11 yuan.

Gelonghui FinanceApr 29 03:52 ET

Ling Steel Co., Ltd. (600231.SH) issued 2023 annual results with a net loss of 681 million yuan

According to Zhitong Finance App, Ling Steel Co., Ltd. (600231.SH) released its 2023 annual report. During the reporting period, the company achieved operating income of 20.321 billion yuan, a year-on-year decrease of 5.74%; net loss attributable to shareholders of listed companies of 681 million yuan; net loss attributable to shareholders of listed companies deducted 664 million yuan in non-recurring profit and loss; and a basic loss of 0.24 yuan/share per share.

Zhitong FinanceApr 24 07:29 ET

Ling Steel Co., Ltd. (600231.SH): Hongyun Capital passively reduced its holdings by 1%

Gelonghui, March 19丨Ling Steel Co., Ltd. (600231.SH) announced that the company received Hongyun Capital's “Letter on the Change in Equity Reach 1% and the Results of Centralized Bidding Reduction”. Since March 4, 2024, Hongyun Capital has been forced by Dongwu Securities to sell the company's shares one after another, passively reducing its holdings by 28,521,600 shares, which has reached 1% of the company's total share capital. The amount of holdings reduction has reached the upper limit of the holdings reduction plan, and the implementation of the holdings reduction plan has been completed.

Gelonghui FinanceMar 19 05:13 ET

Ling Steel Co., Ltd. (600231.SH): Shareholders terminated default on stock pledge repurchase transactions through agreed transfers

<股份转让协议>On March 6, Ge Longhui Co., Ltd. (600231.SH) announced that it has received a notice from its shareholder Hongyun (Shenzhen) Capital Co., Ltd. (“Hongyun Capital”). After friendly negotiations, Hongyun Capital, Liang Shuang, and Dongwu Securities Co., Ltd. signed the “Termination Agreement”. The termination of this agreement transfer will not cause changes in the company's control rights, will not affect the company's governance structure and continuous operation, and will not harm the interests of the company and small to medium investors.

Gelonghui FinanceMar 6 03:50 ET