HANS CNCFirst-half net profit up 263.45% YoY and plans $180M investment in Malaysia for PCB equipment.
On the evening of August 20, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important positive announcements. Tengyuan Cobalt plans to invest 18 million US dollars in the Democratic Republic of the Congo to build an annual production capacity of 160,000 tonnes of sulphuric acid from sulphur and a supporting power generation project. Zhaochi Holdings plans to invest up to 38.33 million US dollars to build a production base in Mexico. Han's CNC plans to invest up to 180 million US dollars in Malaysia to build a PCB special equipment project, and disclosed first-half net profit of 957 million yuan, up 263.45 percent year on year. Shanghai Sinyang adjusted the production capacity layout of its Shanghai Chemical Industry Park construction project and increased investment, with the project's estimated total investment adjusted from 580 million yuan to 1.05 billion yuan. Tuojing Technology's first-half net profit rose 1,324.1 percent year on year, and it plans to pay a cash dividend of 3.5 yuan per 10 shares. Han's Laser's first-half net profit was 1.288 billion yuan, up 163.84 percent year on year, and it plans to increase the investment limit for its Southeast Asia overseas operations centre project to 265 million US dollars. Ping An Insurance's first-half net profit attributable to the parent company was 92.585 billion yuan, up 36.1 percent year on year. Xinhua Department Store's first-half net profit fell 20.25 percent year on year, and it plans to buy back shares worth 200 million to 400 million yuan. A subsidiary of Wuhan Tianyuan Holdings plans to invest 404 million yuan to build an energy storage project.
HANS CNCFirst-half net profit up 263.45% YoY and plans $180M investment in Malaysia for PCB equipment.
Han'S Laser Tech AFirst-half net profit rose 163.84% year on year to 1.288 billion yuan, and plans to increase investment in Southeast Asia project.
Ping An Insurance Group Co of China LtdFirst-half net profit attributable to parent rose 36.1% year on year to 92.585 billion yuan.
Shanghai Sinyang SemiconductorAdjusted production capacity layout and increased investment in Shanghai Chemical Industry Park project from 580 million to 1.05 billion yuan.
Wuhan Tianyuan Environmental Protection Co.LTDSubsidiary plans to invest 404 million yuan to build an energy storage project.
Ganzhou Tengyuan Cobalt New Material Co. Ltd.Plans to invest $18M in DRC for sulphuric acid and power project, expanding capacity.
Yinchuan Xinhua Commercial Group Co LtdFirst-half net profit fell 20.25% year on year, but plans share buyback of 200-400 million yuan.
Shenzhen MTC Co Ltd
Piotech Inc. A