Qi Xiang Tengda (002408): Significant improvement in first-quarter results, future prosperity is expected to increase
The incident describes the company's release of the 2023 annual report. The cumulative revenue for the full year of 2023 was 26.918 billion yuan, down 9.70% year on year; net profit to mother - 384 million yuan, down 160.53% year on year;
Qi Xiang Tengda (002408): Laying out a variety of new materials to create new growth points in the future
The company publishes its 2023 annual report and 2024 quarterly report. In 2023, the company achieved revenue of 26.918 billion yuan, -9.70% year-on-year; realized net profit to mother of 384 million yuan, -160.53 million yuan year on year
Qi Xiang Tengda (002408.SZ): cumulative repurchase of 10.823,500 shares of the company's shares
Gelonghui, May 5, 丨 Qi Xiang Tengda (002408.SZ) announced that as of April 30, 2024, the company had repurchased a total of 10.823,500 shares of the company's shares through the Shenzhen Stock Exchange trading system, accounting for 0.38% of the company's total share capital. The highest transaction price was 5.38 yuan/share, the minimum transaction price was 4.85 yuan/share, and the total transaction amount was RMB 545.17,300 (excluding transaction fees).
Qi Xiang Tengda (002408.SZ) announced first-quarter results. Net profit of 32.1018 million yuan turned a year-on-year loss into profit
Qi Xiang Tengda (002408.SZ) released its report for the first quarter of 2024. During the reporting period, the company achieved an operating income of 5...
The petroleum processing trade sector fluctuated and picked up. Baomo shares and Huajin shares rose and stopped before. Yuxing shares and Bohui shares all rose by more than 7%, while Guochuang Hi-Tech, Qixiang Tengda, Shenyang Chemical, and Taishan Petrol
The petroleum processing trade sector fluctuated and picked up. Baomo shares and Huajin shares rose and stopped before. Yuxing shares and Bohui shares all rose by more than 7%, while Guochuang Hi-Tech, Qixiang Tengda, Shenyang Chemical, and Taishan Petroleum followed suit.
Qi Xiang Tengda: Net profit back to mother in the first quarter was 27.706 million yuan to 39.58 million yuan, reversing year-on-year losses
On the evening of April 9, Qi Xiang Tengda announced its results forecast for the first quarter of 2024. The net profit for the first quarter was a pre-profit of 27.706 million yuan to 39.58 million yuan, and a loss of 79.01 million yuan for the same period last year, reversing the year-on-year loss. In the first quarter of 2024, raw material prices declined slightly due to the relationship between supply and demand, and product profitability improved; as economic recovery and demand gradually improved, product prices began to show signs of recovery. Prices of some products rose year-on-year, especially the rise in prices of butadiene rubber and methylene ketone products, contributing to the company's first quarter results; in the first quarter, the company increased its product exports and products
Qi Xiang Tengda (002408.SZ) performance report: 2023 net loss of 384 million yuan
Gelonghui, April 9 | Qi Xiang Tengda (002408.SZ) announced the 2023 annual performance report. During the reporting period, the company achieved operating income of 2691,84663 million yuan, a year-on-year decrease of 9.70%; realized net profit attributable to shareholders of listed companies - 384.1795 million yuan, a year-on-year decrease of 160.62%; realized net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses - 25.76882 million yuan, a year-on-year decrease of 145.04%. Total assets at the end of the reporting period were RMB 2766,09.54 million, down 4.61% from the beginning of the period; attributable to the above
Qixiang Tengda Chemical Resumes Operation of Maleic Anhydride Units
Zibo Qixiang Tengda Chemical (SHE:002408) resumed operations of its maleic anhydride units after maintenance works were completed, the Chinese chemical manufacturer said in its Shenzhen Stock Exchange
Qi Xiang Tengda (002408.SZ): 100,000 tons/year maleic anhydride plant maintenance completed and production resumed
Gelonghui, April 2, 丨 Qi Xiang Tengda (002408.SZ) announced that the operation of the company's maleic anhydride device and the service life of the catalyst have reached the maximum cycle time. In order to ensure the safe, stable and efficient operation of the maleic anhydride device, the company will carry out routine parking maintenance according to the plan. Up to now, the company's 100,000 tons/year maleic anhydride plant has been overhauled, and has now resumed normal production and has entered a stable operating state. During the parking maintenance period, the company carried out routine catalyst replacement and equipment maintenance for the maleic anhydride device to ensure the safe, stable and long-term operation of the device.
Qi Xiang Tengda (002408.SZ): Controlling shareholder will be changed from Qixiang Group to Shanneng New Materials
Gelonghui, April 2, 丨 Qi Xiang Tengda (002408.SZ) announced that on April 1, 2024, the company received the “Notice on the Free Transfer of Shares in Zibo Qixiang Tengda Chemical Co., Ltd.” from Qi Xiang Group, the controlling shareholder of the company, to transfer the 1,305,214,885 shares of Qixiang Tengda (accounting for 45.91% of the company's total share capital) to Shandong Energy Group New Materials Co., Ltd. (“Shanneng New Materials” for short). After the free transfer of state-owned shares is completed, the controlling shareholder of the company will be changed from Qixiang Group to Shanneng New Materials, and the actual controller has not changed
Qi Xiang Tengda (002408.SZ): Cumulative repurchases of 8.035 million shares as of March 31
Gelonghui, March 31, 丨 Qi Xiang Tengda (002408.SZ) announced that as of March 31, 2024, the company had repurchased a total of 8.035 million shares through the Shenzhen Stock Exchange trading system, accounting for 0.28% of the company's total share capital. The highest transaction price was 5.10 yuan/share, the minimum transaction price was 4.85 yuan/share, and the total transaction amount was RMB 397.356 million (excluding transaction fees).
Qi Xiang Tengda (002408.SZ): Initial repurchase of 1,532,900 shares involving 7.733,300 yuan
Gelonghui, March 20, 丨 Qi Xiang Tengda (002408.SZ) announced that on March 20, 2024, the company repurchased 1,532,900 shares of the company's shares for the first time through the Shenzhen Stock Exchange trading system, accounting for 0.05% of the company's total share capital. The highest transaction price was 5.08 yuan/share, the minimum transaction price was 5.00 yuan/share, and the total transaction amount was RMB 77331.35 million (excluding transaction fees).
Express News | Qi Xiang Tengda: Plans to repurchase shares for 100 million yuan to 200 million yuan
Qi Xiang Tengda (002408.SZ): The precious metal catalysts produced by Qilu Keli mainly include hydrogenation catalysts, maleic anhydride catalysts, hydrogen conversion catalysts, sulfur-resistant conversion catalysts, etc.
Gelonghui March 6 丨 Qi Xiang Tengda (002408.SZ) was surveyed by a specific target on March 6, 2024, on “What were the main products of precious metal catalysts in the previous company?” The company replied that the precious metal catalysts produced by Qilu Keli, a holding subsidiary of the company, mainly include hydrogenation catalysts, maleic anhydride catalysts, hydrogen conversion catalysts, and sulfur-resistant conversion catalysts. In the future, the company will also give full play to Qilu Keli's industrial advantages to form industrial collaboration and complementary advantages within the Shanneng Group system around coal chemicals, oil chemicals, and salt chemicals within the Shanneng Group system.
Qi Xiang Tengda (002408.SZ): It is also planning to expand downstream of the maleic anhydride industry chain, mainly in the field of high-end new chemical materials
格隆汇3月6日丨齐翔腾达(002408.SZ)于2024年3月6日接受特定对象调研,就“请问公司下一步是否有继续向顺酐下游延伸的计划?计划朝什么方向做?”,公司回复称,公司现有顺酐产能为40万吨/年,为目前国内最大的顺酐装置,顺酐产品下游主要应用于不饱和聚酯树脂、富马酸、农用化学品、油漆涂料、润滑油添加剂等。近几年国内顺酐产能增长较快,公司也在规划向顺酐产业链下游延伸,主要方向为高端化工新材料领域
Qi Xiang Tengda (002408.SZ): Currently, the design production capacity of butadiene rubber is 110,000 tons/year
Gelonghui March 6 丨 Qi Xiang Tengda (002408.SZ) was surveyed by a specific target on March 6, 2024, about “How large is the production capacity of the company's butadiene butadiene rubber production line? Is the butadiene rubber produced rare earth butadiene rubber?” The company replied that the company's current design production capacity of butadiene rubber is 110,000 tons/year. The main product is nickel-butadiene rubber, which has lower production costs and can meet the needs of different markets for rubber products.
Qi Xiang Tengda (002408): The company is expected to benefit from improving product price differences
Core view: Qi Xiang Tengda benefits from improved product price spreads and collaborative advantages of controlling shareholders: (1) Improved product price spreads. Price spreads for the company's main products maleic anhydride, methylacetone and MTBE continued to widen in the second half of 2023, and the company's gross profit margin and net profit
Qi Xiang Tengda (002408.SZ): General manager Che Chengju completed an increase of 17.0906 million shares
Gelonghui, March 1, 丨 Qi Xiang Tengda (002408.SZ) announced that on March 1, 2024, the company received a “Notice Letter on the Completion of the Implementation of the Share Increase Plan” issued by General Manager Che Chengju, and the plan to increase the company's shares has already been implemented. From September 4, 2023 to March 1, 2024, Mr. Che Chengju, the general manager, increased his holdings of the company's shares by 17.0906 million shares through centralized bidding transactions through the Shenzhen Stock Exchange trading system, accounting for 0.60% of the company's total share capital. The cumulative increase in holdings was about 101 million yuan.
Qi Xiang Tengda (002408.SZ): Imposing consumption tax increases the cost of isooctane by more than 2,000 yuan per ton
Gelonghui, February 20 | Qi Xiang Tengda (002408.SZ) said at an investor relations event that in the long run, the imposition of isooctane consumption tax will benefit the company. The additional consumption tax will increase the cost of isooctane by more than 2,000 yuan per ton, reduce the gross profit of isooctane products, greatly reduce the operating rate of alkylation plants, increase the supply of carbon 4, and the price of carbon 4 will drop accordingly. The company's raw material costs will also be reduced accordingly.
Qi Xiang Tengda (002408.SZ): Currently, the vast majority of the company's products are profitable
Gelonghui, Feb. 20 | Qi Xiang Tengda (002408.SZ) said at an investor relations event that after the Spring Festival, with the gradual recovery of downstream operating rates, the profitability of the company's main products is gradually improving, and currently the vast majority of the company's products are profitable. The company will also adjust device production capacity in a timely manner according to changes in market conditions to ensure maximum production capacity for profitable products.
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