Express News | Kingfa Sci. & Tech.: Shareholders holding more than 5% plan to internally transfer 2% of shares.

BreakingsDec 11 22:02

Research reports digging for gold | Western Securities: Initiates a "buy" rating for kingfa sci. & tech., target price 11.14 yuan.

格隆汇December 4th | West Securities research report pointed out that kingfa sci. & tech. (600143.SH) is the world's largest and most complete producer of modified plastics. The company aims to achieve a sales volume of 3 million tons of modified plastics per year, with engineering plastics accounting for 30%, and sales to the top 500 global customers reaching 30% under the '333 global strategy'. In the first half of 2024, the company's revenue from modified plastics was 13.9 billion yuan, up 19% year-on-year, with a gross margin of 22.45%, higher than domestic peers by 4-14 percentage points. In terms of new materials, the company is accelerating capacity construction and optimizing product layout. The company's green petrochemical business.

Gelonghui FinanceDec 4 16:43 · Ratings

Western Securities Starts Kingfa Sci. & Tech. at Buy With 11.14 Yuan Price Target

MT NewswiresDec 4 15:45 · Ratings

Kingfa Sci. & Tech. (600143): A leading company in modified plastics with multiple businesses supporting its growth.

【Key Takeaways】The company's leading position in modified plastics is stable, and the green petrochemical business has taken multiple measures to reduce losses, with performance expected to continue to improve. We expect the company's revenue for 2024-2026 to be 53.4/59.7/66.8 billion yuan, with a net profit attributable to the parent company of 9.96.

West SecuritiesDec 4 12:02

Kingfa Science & Technology to Waive Priority Subscription Rights Over Subsidiary Amid Capital Raise

MT NewswiresNov 25 12:16

kingfa sci. & tech. (600143.SH) gave up the priority subscription right for additional capital increase of TESUP company, introducing fund of 0.5 billion yuan for capital increase.

On November 24th, Kingfa Sci. & Tech. (600143.SH) announced that its wholly-owned subsidiary, Zhuhai Wantong Special Engineering Plastics Co., Ltd. (referred to as "Tesusu Company"), plans to introduce external investors through capital increase and share expansion, to establish the Jinshi Manufacturing Transformative Upgrading New Materials Fund (Limited Partnership) (referred to as "Jinshi Fund"). Jinshi Fund plans to subscribe to the newly increased registered capital of Tesusu Company at a subscription price of 26.09 yuan for every 1 yuan of registered capital, with a total subscription amount of 19.1644 million yuan, and the subscription consideration is 0.5 billion yuan. The company's wholly-owned subsidiary, Shanghai Kingfa Sci. & Tech. Development Co., Ltd. (referred to as "Shanghai Kingfa".

Gelonghui FinanceNov 24 17:25