This Insider Has Just Sold Shares In SANVO Fine Chemicals Group
SANVO CHEMICALS: 2024 INTERIM REPORT
CICC Securities: The chemical industry continued to fluctuate in the first half of the year, with strong tire exports and double growth in revenue and performance.
In the first half of 2024, the chemical industry achieved revenue of 1237.63 billion yuan, a year-on-year increase of +4.2%; net income attributable to the company was 75.25 billion yuan, a year-on-year increase of +0.8%.
Performance: Sanvo Chemicals (00301.HK) recorded a half-year net profit of 0.823 million RMB.
Sanvo Chemicals (00301.HK) announced its interim performance as of the end of June this year, with revenue of 0.508 billion RMB, a decrease of 2.4% compared to the previous year. Net profit was 0.823 million RMB, a decrease of 95.8% compared to the previous year; earnings per share were 0.2 cents. No dividend will be distributed.
SANVO CHEMICALS: 2024 INTERIM RESULTS ANNOUNCEMENT
SANVO CHEMICALS: SUPPLEMENTAL ANNOUNCEMENT IN RELATION TOTHE ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 -GRANT OF SHARE OPTIONS AND SHARE AWARDS
SANVO Fine Chemicals Group Expects 96% Lower Attributable Profit in H1
Sanvo Chemicals (00301.HK) will hold a board of directors meeting on August 30th to approve the interim performance.
Sanvo Chemicals (00301.HK) announced on August 16th that the company will convene a board of directors meeting on August 30th, 2024 to consider and approve the mid-term performance of the company and its subsidiaries for the six months ending on June 30th, 2024, as well as to consider distribution of mid-term dividends (if any).
Sanvo chemicals (00301) issued a profit warning, with an expected half-year net profit attributable to the owners of approximately 0.83 million yuan, a decrease of about 95.8% year-on-year.
Sanvo Chemicals (00301) announced that the group is expected to obtain a net profit attributable to shareholders of the company of approximately RMB...in the first half of 2024.
SANVO CHEMICALS: PROFIT WARNING
Sealand Securities: The cyclical upturn of PX and pure benzene is expected.
The pure benzene industry has limited new production capacity, and the supply-demand imbalance is expected to continue. Stimulated by demand, it is expected that the global pure benzene industry operating rate will rebound strongly from 2024 to 2026.
China International Capital Corporation: The internationalization level of domestic chemical industry leading enterprises is relatively low, and the route of capacity going abroad is a must.
Exporting production capacity is an important way for Chinese chemical enterprises to promote international development, expand markets, and achieve win-win cooperation, and it is also a necessary path for excellent Chinese chemical enterprises to further grow and strengthen.
SANVO CHEMICALS: ANNUAL REPORT 2023
Sanhe Refining Chemical (00301) announced annual results. Profit attributable to shareholders of 6.214,000 yuan increased 38.33% year over year
According to Zhitong Finance App News, Sanhe Refining (00301) announced the results for the full year of 2023. The group achieved revenue of 1,077 billion yuan (RMB, same below) during the period, an increase of 13.6% over the previous year; profit attributable to shareholders was 6.214 million yuan, an increase of 38.33% over the previous year; and the basic profit per share was 1.32 points. According to the announcement, the increase in revenue was mainly due to an increase in the Group's sales volume and a decrease in the purchase price of raw materials.
SANVO CHEMICALS: 2023 ANNUAL RESULTS ANNOUNCEMENT
Sanhe Refining (00301.HK) will hold a board meeting on March 28 to approve the full year results
Gelonghui, March 18, 丨 Sanhe Refining (00301.HK) announced that the company will hold a board meeting on March 28, 2024 to adopt the annual results of the company and its subsidiaries for the year ended 31 December 2023 and consider the payment of a final dividend (if any).
The polyethylene market is likely to be under pressure for the rest of the year
After the peak season for PE film ends, the release of packaging demand from the Double 11 shopping frenzy, and the arrival of winter, the overall plant operating rate is expected to decline and remain at a relatively low level.
Guoxin Securities's 24-year chemical strategy: the economy is expected to bottom out and rebound, optimistic about the direction of upstream core resource products and downstream emerging chemicals
We are more optimistic about the investment direction of upstream core resource products and emerging chemicals where downstream demand is expected to continue to grow.
Business Society: The slight adjustment in phosphoric acid prices is expected to be weak in the short-term market, mainly
As of November 22, the average domestic reference price of 85 caloric phosphoric acid was 7080 yuan/ton, down nearly 2% from the average reference price of 7,200 yuan/ton on November 1.
Summary of the Bank of China Securities Basic Chemical Report for the Third Quarter of '23: Low profit levels are expected to stabilize the demand side or continue to improve
The Zhitong Finance app learned that Bank of China Securities released a research report saying that under the influence of factors such as weak downstream demand, the overall profitability of the basic chemical industry in the first three quarters of 2023 fell to a recent low level, and the performance of some sub-industries improved in 23Q3
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