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China Weaving Holdings (03778.HK) received a shareholding of 1.22 million shares from executive director Zheng Yongxiang.
According to the latest equity disclosure data from the Hong Kong Stock Exchange, on September 12, 2024, China Weaving Holdings (03778.HK), director Zheng Yongxiang, increased his shareholding by 1.22 million shares at an average price of HKD 0.33 per share, with a total investment of approximately HKD 0.4026 million. After the increase, Zheng Yongxiang's latest number of shares held is 220,777,200 shares, and his shareholding percentage has increased from 17.53% to 17.63%.
CHINA WEAVING: INTERIM REPORT 2024
China Weaving Posts Reduced H1 Losses in 2024
CHINA WEAVING: RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
Haitong Securities: Continuous destocking of polyester filament factories, expecting improvement in end demand.
As the inventory of rayon continues to decrease, Haitong Securities expects downstream demand to further improve with the approach of the traditional peak season in September and October.
China Weaving Holdings (03778.HK) warns of profits decline: it is expected to have a comprehensive net loss of 3 million yuan in the medium term.
China Weaving (03778.HK) announced that the group is expected to have a comprehensive net loss of approximately RMB 3 million for the six months ending on June 30, 2024, while a comprehensive net loss of approximately RMB 9.6 million was recorded for the six months ending on June 30, 2023. The announcement stated that the main reason for the expected reduction in the comprehensive net loss in this period is the increase in the group's yarn product revenue and the rise in gross margin, which resulted in an increase in gross profit. According to the current information available to the board of directors, the group is expected to have a comprehensive income of approximately RMB 0.578 billion in this period, and as of 202
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