Zhejiang Xinao Textiles' (SHSE:603889) Solid Earnings May Rest On Weak Foundations

The recent earnings posted by Zhejiang Xinao Textiles Inc. (SHSE:603889) were solid, but the stock didn't move as much as we expected. However the statutory profit number doesn't tell the whole story

Simply Wall StApr 29 18:05 ET

New Australia Co., Ltd. (603889.SH) announced first-quarter results, net profit of 96.05 million yuan, up 6.59% year on year

According to the Zhitong Finance App, Xinao Shares (603889.SH) disclosed its report for the first quarter of 2024. During the reporting period, the company achieved revenue of 1.1 billion yuan, an increase of 12.48%; net profit to mother was 96.05 million yuan, an increase of 6.59% year on year; after deducting non-net profit of 93.45 million yuan, an increase of 6.37% year on year. Basic earnings per share were $0.13.

Zhitong FinanceApr 22 04:25 ET

Is There An Opportunity With Zhejiang Xinao Textiles Inc.'s (SHSE:603889) 32% Undervaluation?

Key Insights Zhejiang Xinao Textiles' estimated fair value is CN¥10.66 based on 2 Stage Free Cash Flow to Equity Zhejiang Xinao Textiles is estimated to be 32% undervalued based on current share pri

Simply Wall StApr 18 19:20 ET

New Australia Co., Ltd. (603889.SH): Net profit increased 3.70% year-on-year in 2023, and plans to pay 3 yuan

On April 17, Ge Longhui Co., Ltd. announced its 2023 annual report. During the reporting period, it achieved operating income of 4.438 billion yuan, up 12.37% year on year; net profit attributable to shareholders of listed companies was 404 million yuan, up 3.70% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 389 million yuan, up 13.26% year on year; and basic earnings per share were 0.56 yuan. 603889.SH It is proposed to distribute a cash dividend of 3.00 yuan (tax included) for every 10 shares to all shareholders.

Gelonghui FinanceApr 17 07:01 ET

The controlling shareholder of Xinao Shares (603889.SH) lifted the pledge of 46.2 million shares

Xinao Co., Ltd. (603889.SH) announced that the company received the controlling shareholder Zhejiang Xinao on March 5, 2024...

Zhitong FinanceMar 5 05:16 ET

Zhejiang Xinao Textiles' (SHSE:603889) Earnings Growth Rate Lags the 33% CAGR Delivered to Shareholders

It might be of some concern to shareholders to see the Zhejiang Xinao Textiles Inc. (SHSE:603889) share price down 11% in the last month. In contrast, the return over three years has been impressiv

Simply Wall StFeb 28 18:04 ET