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Qifeng New Material's Controlling Shareholder Raises Stake to Nearly 36%
qifeng new material private placement landed: Controlling shareholder pledged shares to raise funds, with unrealized gains exceeding 0.4 billion yuan.
The competition within the industry has intensified, and the effects of additional share issues are yet to be evaluated.
Hong Kong stock industry concept tracking | Paper companies have set off a new round of price increases, signaling the industry's bottoming out and rebound (with concept stocks).
Since October, many papermaking companies have carried out one or more rounds of price increases. Recently, more companies have announced price adjustment plans for their multiple facilities, leading to paper enterprises in various regions following suit. The entire papermaking industry has ignited a new wave of price hikes.
qifeng new material (002521): Production capacity steadily expanding, pulp prices declining, Q4 cost pressure expected to ease.
Event: The company released the third quarter report for 2024, with a revenue of 2.55 billion yuan for 2024Q1-3, a -6% year-on-year decrease, achieving a net income attributable to the parent of 0.11 billion yuan, a -32% year-on-year decrease; among which the revenue for the third quarter of 2024Q3 was realized.
A-share unusual movement | qifeng new material hits the limit down during trading hours, Q3 performance sharply declines, turning from profit to loss both sequentially and year-on-year.
Gelonghui October 14th | Qifeng New Material (002521.SZ) once hit the limit down during the session, now trading at 10.38 yuan with a narrowed decline of 5.4%, with a total market value of 5.13 billion yuan. The company announced after hours last Friday that the net income attributable to the parent company for the first three quarters of 2024 was 0.106 billion yuan, a year-on-year decrease of 32.38%; with a net loss of 0.003 billion yuan in the third quarter, turning from profit to loss both on a quarterly and yearly basis. Operating cash flow decreased by 50.31% year-on-year. It is worth noting that the net income attributable to the parent company in the first half of the year has already reached 0.109 billion yuan, with a year-on-year increase of 127.35%, indicating a significant profit recovery, but as we enter
Qifeng New Materials: Report for the third quarter of 2024
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