603856 Shandong Donghong Pipe Industry
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Shandong Donghong Pipe Industry News
Donghong Co., Ltd. (603856.SH): The company's pipeline products can be used in the field of pumped energy storage
Gelonghui, May 23丨Donghong Co., Ltd. (603856.SH) said on the investor interactive platform that the company's pipeline products can be used in the field of pumped energy storage. In order to better develop business in the field of pumped energy storage, the company has set up a special business department to carry out specialized marketing layout for this field. In addition to the Loning project, there are other related projects being tracked.
Donghong Co., Ltd. (603856.SH): PE pipeline products and steel wire pipeline products have high gross margins, and anti-corrosion pipeline products have low gross margins
Gelonghui, May 15, 丨 Donghong Co., Ltd. (603856.SH) said at the performance briefing that due to the complexity of the production process and technical difficulty of the company's various products, there are differences in the gross margin of the company's products. The company's PE pipeline products and steel wire pipeline products have a high gross margin, and the gross margin of anticorrosive pipeline products is low. Gross profit fluctuates from period to period due to the structure of sales products. Sales of anticorrosive pipeline products increased in the first quarter of 2024 compared to the same period last year, leading to a decline in gross profit.
Donghong Co., Ltd. (603856.SH) announced its 2023 annual results, and net profit of 161 million yuan increased 7.99% year over year
Donghong Co., Ltd. (603856.SH) released the 2023 annual performance report. The company achieved operating income of 2 during the reporting period...
Is Shandong Donghong Pipe Industry Co., Ltd. (SHSE:603856) Worth CN¥9.6 Based On Its Intrinsic Value?
Key Insights Using the Dividend Discount Model, Shandong Donghong Pipe Industry fair value estimate is CN¥7.25 Current share price of CN¥9.61 suggests Shandong Donghong Pipe Industry is potentially
Donghong Pipe Bags 106 Million Yuan Steel Pipe Supply Contract
Shandong Donghong Pipe Industry (SHA:603856) has landed a contract worth 106 million yuan to supply plastic-coated composite steel pipes to a water conservancy company. The company will supply the pro
Donghong Co., Ltd. (603856.SH): Signed 106 million yuan plastic-coated composite steel pipe contract
Gelonghui, January 3 | Donghong Co., Ltd. (603856.SH) announced that the company recently received a “Sales Contract” signed with Shanxi Water Resources Construction Engineering Bureau Group Co., Ltd. The subject of this contract is plastic-coated composite steel pipes, and the contract amount is RMB 106 million.
Donghong Co., Ltd. (603856.SH): An application to issue shares to a specific target was approved by the Shanghai Stock Exchange
Gelonghui Co., Ltd. announced on December 7 | Donghong Co., Ltd. (603856.SH) announced that on December 7, 2023, the company received the “Notice Concerning Audit Opinions on the Issuance of Shares by Shandong Donghong Pipe Industry Co., Ltd. to specific targets” issued by the Shanghai Stock Exchange Listing Review Center. The specific review opinions are as follows: “Shandong Donghong Pipe Industry Co., Ltd.'s application for issuing shares to specific targets meets the issuance conditions, listing conditions and information disclosure requirements. After completing the relevant procedures and receiving your company's application documents, the firm will submit it to the China Securities Regulatory Commission for registration.”
Donghong Co., Ltd. (603856.SH): Signed a 300 million yuan sales contract
Gelonghui November 13丨Donghong Co., Ltd. (603856.SH) announced that it recently signed a “Sales Contract” with Shandong Shengrun Water Group Co., Ltd., with a provisional estimated contract amount of RMB 300,715,849.14. The subject matter of this contract is anticorrosive steel pipes and PE water supply pipes.
[Instant Analysis of BT Financial Report] Donghong Co., Ltd. 2023 Third Quarter Report: Balance ratio declined, net profit increased, and cash flow improved significantly
Announcement time of this financial report: 2023-10-25 17:32:04 Donghong Co., Ltd. (stock code: 603856) is an engineering pipeline manufacturer, pipeline engineering service provider and general pipeline engineering contractor serving national strategic projects such as water conservancy, municipal heat, oil and gas, industrial mines, etc., and national livelihood projects. The company is mainly engaged in the manufacture and sale of various pipeline products such as polymer plastic pipes, modified plastic composite pipes, heavy anti-corrosion metal pipes, energy-saving insulation pipes, and connecting pipe fittings. As the world's largest composite pipeline manufacturing base, the company is committed to studying the digitalization of pipeline engineering,
Donghong Co., Ltd. (603856.SH): An impairment preparation of 15.5083 million yuan was calculated for the first three quarters of 2023
Glonghui, Oct. 25, 丨 Donghong Co., Ltd. (603856.SH) announced that in order to more objectively and fairly reflect the company's financial situation and operating results for the first three quarters of 2023, according to the relevant provisions of the “Corporate Accounting Standards” and the company's accounting policies, and based on the principle of prudence, the company conducted impairment tests on relevant assets, and calculated various impairment preparations totaling RMB 15.5083 million for the current period.
Donghong Co., Ltd. (603856.SH): Received a notice of winning the bid
Glonghui, October 18, 丨 Donghong Co., Ltd. (603856.SH) announced that it recently received a winning bid notice from a bidding agency, confirming that the company was the winning bidder for a pressure pipeline project for a water supply project. The winning bid price was 385,071,159.00 yuan.
Donghong Co., Ltd. (603856.SH): Net profit for the first half of the year was 143 million yuan, up 10.39% year on year
Glonghui, August 24: Donghong Co., Ltd. (603856.SH) announced its 2023 semi-annual report. During the reporting period, it achieved operating income of 1,545 million yuan, up 10.13% year on year; net profit attributable to shareholders of listed companies was 143 million yuan, up 10.39% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 137 million yuan, up 11.09% year on year; basic earnings per share. The increase in revenue was mainly due to an increase in the company's sales orders and an increase in revenue in the current period.
Donghong Co., Ltd. (603856.SH) won the public tender for 119 million yuan 2×1000 MW new construction project for external plant water supply pipeline materials
Zhitong Finance App News, Donghong Co., Ltd. (603856.SH) announced that the company pre-won the bid for the 2×1000MW external water supply pipeline material project of the Shandong company Boxing Company. On July 25, 2023, it issued the “Donghong Co., Ltd. indicative notice on winning the bid for the project” (Notice No.: 2023-046), which determined that the company was the winner of the project. The company recently received a bid notice from China Energy Group International Engineering Consulting Co., Ltd., which determined that the company was the successful bidder for the 001 bid section of the project, with a bid price of RMB 119 million.
Donghong Co., Ltd. (603856.SH): Received a bid notice of 119 million yuan
On July 31, 2023, GLONGHUI | Donghong Co., Ltd. (603856.SH) announced that on July 18, 2023, the company disclosed the “Promissive Notice of Donghong Co., Ltd. on Project Pre-bid Announcement”. The company pre-won the bid for Shandong Company's 2×1000MW new construction plant external water supply pipeline materials, and issued the “Donghong Co., Ltd. indicative notice on winning the project” on July 25, 2023, determining that the company was the winning bidder of the project. The company recently received a bid notice from China Energy Group International Engineering Consulting Co., Ltd., which determined that the company won the bid for section 001 of the project
Donghong Co., Ltd. (603856.SH): Won the 119 million yuan public tender project for water supply pipeline materials
On July 24, GLONGHUI | Donghong Co., Ltd. (603856.SH) announced that the company won the bid for the 2×1000MW external water supply pipeline material project of Shandong Company, Boxing Company, with a bid amount of 119 million yuan.
Donghong Co., Ltd. (603856.SH): Pre-bid for 119 million yuan water supply pipeline materials project
On July 17丨Donghong Co., Ltd. (603856.SH) announced that the company recently participated in the bidding for the 2×1000MW external water supply pipeline material of the Shandong company Boxing Company. According to the announcement of the winning candidate for the project published by the National Energy Bidding Network () on July 16, 2023, the company was the first successful candidate for the project, with an advance bid amount of 119 million yuan.
Donghong Co., Ltd. (603856.SH): The comprehensive performance analysis and testing of hydrogen barrier materials is in the early stages, and the technical route verification needs to be further completed
On July 6, 2023, GLONGHUI | Donghong Co., Ltd. (603856.SH) said in a conference call on July 5, 2023, that hydrogen pipelines are functional pipelines, and there are composite processing of various materials. The requirements for extrusion and composite processes of different materials are high, and development solutions are needed. The comprehensive performance analysis and testing of hydrogen barrier materials is in the early stages, and the technical route verification needs to be further completed. The future operating conditions facing hydrogen pipelines cover the ocean and land. Scenario applications have different structural design requirements for pipelines and connection methods. At the same time, they have higher requirements for the stability, adaptability, and safety of product composite structures.
Shandong Donghong Pipe Industry Co., Ltd.'s (SHSE:603856) Largest Shareholders Are Private Companies Who Were Rewarded as Market Cap Surged CN¥439m Last Week
Key Insights Shandong Donghong Pipe Industry's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public The largest shareholder o
Express News | Donghong Pipe Industry Signs 2 Billion Yuan Contract to Supply Pipes to China Second Metallurgical
Analysts' Revenue Estimates For Shandong Donghong Pipe Industry Co., Ltd. (SHSE:603856) Are Surging Higher
Celebrations may be in order for Shandong Donghong Pipe Industry Co., Ltd. (SHSE:603856) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company.
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