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21 Xingrong Environmental MTN001: The coupon interest rate for the portion not sold back was lowered by 214 basis points to 1.25%
Chengdu Xingrong Environmental Co., Ltd. announced that “21 Xingrong Environmental MTN001” provides investors with resale options and issuer interest rate adjustment options. The investor exercised the resale option. The resale application date was from May 20 to May 24, and the exercise date was June 9; the issuer exercised the right to adjust the interest rate and lowered 214BP. The coupon interest rate was lowered from 3.39% to 1.25%, and the interest rate took effect from June 9.
Xingrong Environment (000598.SZ): Currently, there are no water supply price adjustments involved in the central city of Chengdu
Gelonghui, May 8 | Xingrong Environment (000598.SZ) said on the investor interactive platform that according to national policy regulations and relevant concession agreements, if the water supply business price adjustment principles are met, the company can submit a water price adjustment application to the government price administration department. Currently, there are no water supply price adjustments involved in the central city of Chengdu.
Xingrong Environment (000598): Steady growth in performance and continued benefits from the increase in sewage treatment fees
Incident: The company recently released its 2023 annual report and 2024 quarterly report. During the period, it achieved revenue of 8.087 billion yuan, +5.99% year-on-year, and realized net profit of 1,843 billion yuan, or +13.97% year-on-year. Company 2
Cinda Securities released a research report on April 26 stating that it gave Xingrong Environmental (000598.SZ) a purchase rating. The main reasons for the rating include: 1) continuous release of production capacity in the water supply & sewage business,
Cinda Securities released a research report on April 26 stating that it gave Xingrong Environmental (000598.SZ) a purchase rating. The main reasons for the rating include: 1) continuous release of production capacity in the water supply & sewage business, driving steady growth in performance; 2) increased profitability and good cost control; 3) net cash flow from operating activities increased 126% year-on-year, and the balance ratio remained at a reasonable level. (Mainichi Keizai Shimbun)
Xingrong Environment (000598): Net profit returned to mother +20.6% YoY, sewage price adjustment+production capacity investment boosts performance
The incident describes that Xingrong Environmental released its 2024 quarterly report. 2024Q1 achieved revenue of 1,846 billion yuan, an increase of 16.7% over the previous year; net profit to mother was 457 million yuan, an increase of 20.6% over the previous year; after deducting net income from non-return to mother
Xingrong Environment (000598): Steady Profit Growth, Production Capacity Release & Sewage Price Adjustment Implications
Event: On the evening of April 25, 2024, Xingrong Environmental released its report for the first quarter of 2024. In the first quarter of 2024, the company achieved operating income of 1,846 billion yuan, an increase of 16.7% over the previous year; realized net profit to mother 4.
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