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Express News | Xianglou New Materials: Repurchased company shares to reach 2%.
Xianglou New Materials (301160.SZ): has cumulatively repurchased 2.12% of shares.
On August 23, GeLongHui announced that as of August 22, 2024, the company has repurchased a total of 1,674,751 shares of the company through the Shenzhen Stock Exchange stock trading system in a centralized competitive trading manner, accounting for 2.12% of the total share capital of the company. The highest fill price was 34.40 yuan per share, and the lowest fill price was 31.70 yuan per share. The total fill amount was RMB 55.7347 million (excluding transaction costs).
Xianglou New Materials (301160): Strong demand remains, repurchase demonstrates confidence.
Executive summary: The company's performance in the first half of 2024 was slightly below expectations. The downstream demand is strong, and the company continues to explore potential, with production levels continuously increasing. It is expected that with the commissioning of new production capacity, the company's output will continue to grow. Investment highlights: Maintain 'increase'.
Shanghai Xiangelou New Materials (301160): Seize the market technology frontier and actively expand production capacity.
Event Overview: The company released its 2024 interim report. In the first half of 2024, the company achieved revenue of 708 million yuan, a year-on-year increase of 23.1%; net income attributable to the parent company was 94 million yuan, a year-on-year increase of 16.4%; after-tax net income attributable to non-parents 0.093 billion yuan.
Suzhou Xianglou New Material: Half-year report for the year 2024.
Suzhou Xianglou New Material: Summary of Half-Year Report in 2024.
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