00581 CHINA ORIENTAL
- 1.070
- +0.010+0.94%
CHINA ORIENTAL News
China Oriental Group (00581.HK) proposes to appoint Li Mingdong as Executive Director
China Oriental Group (00581.HK) issued an announcement. The board of directors announced that from the end of the annual general meeting of shareholders: (i) Zhu Hao will retire as a non-executive director on a rotational basis in accordance with the articles of association; and (ii) Wang Tianyi will retire as an independent non-executive director of the board of directors on a rotational basis in accordance with the articles of association, and will no longer serve as members of the Audit Committee, Nomination Committee and Remuneration Committee respectively.
China Oriental Group (00581.HK): Zhu Hao will retire as non-executive director
Gelonghui, May 8, 丨 China Oriental Group (00581.HK) announced that from the end of the annual general meeting of shareholders: (i) Mr. Zhu Hao will retire as a non-executive director on a rotational basis in accordance with the Articles of Association; and (ii) Mr. Wang Tianyi will retire as an independent non-executive director of the Board of Directors on a rotational basis in accordance with the Articles of Association, and will no longer serve as a member of the Audit Committee, Nomination Committee and Remuneration Committee respectively. The Board of Directors announced that it has proposed the appointment (subject to shareholders' approval at the annual general meeting of shareholders): (i) Mr. Li Mingdong is an executive director. If approved, Mr. Li Mingdong's appointment will take effect from the end of the current Annual General Meeting of Shareholders
China Oriental Group (00581) proposes to appoint Li Mingdong as Executive Director
China Oriental Group (00581) issued an announcement. The board of directors announced that since the end of the recent annual general meeting of shareholders: (i) Zhu...
Difficulties in the transformation of the steel industry: is “throttling” and “open source” the new way out?
China's steel industry is undergoing unprecedented market and structural changes. This is different from the bottom of a single industry cycle in the past 30 years. The current downturn in the steel industry has the characteristics of multiple cycle fluctuations and resonates, and the logical basis of the industry has changed greatly.
China Mining Association: The cumulative production of 336.026 million tons of steel in the first quarter increased 4.4% year-on-year
On April 30, the China Mining Association announced the economic performance of the metallurgical mining industry for March 2024.
China Oriental Group Swings to Loss in 2023
China Oriental Group Company (HKG:0581) reported a loss attributable to the owners of about 160 million yuan for the year ended Dec. 31, 2023, compared with a profit of 808 million yuan in the previou
中國東方集團：二零二三年年報
China Oriental Group (00581): Huijintong (603577.SH)'s net profit of 146.14 million yuan in the first quarter increased by 191.3% year-on-year
According to the Zhitong Finance App, China Oriental Group (00581) announced the results of Huijintong (603577.SH) for the three months ended March 31, 2024. The group achieved total operating revenue of 819 million yuan (RMB, same below) during the period, a year-on-year decrease of 5.89%; net profit to mother was 146.14 million yuan, an increase of 191.3%; and basic earnings per share were 0.0431 yuan.
中國東方集團：青島匯金通電力設備股份有限公司截至2024年3月31日止三個月的未經審核合併財務業績
World Steel Association: In January 2024, global crude steel production was 161.2 million tons, down 4.3% year on year
On April 23, the World Steel Association announced the global crude steel production volume for March 2024.
China Steel Association: In early April, according to key statistics, the daily crude steel production of steel companies declined by 2.11,1800 tons year-on-year
On April 17, according to the China Iron and Steel Association, in early April 2024, key statistics steel companies produced a total of 21.1117,700 tons of crude steel, 19.646 million tons of pig iron, and 197532 million tons of steel.
Express News | World Steel Association: Demand (for steel) is expected to rebound 1.7% this year to 17.93 million tons.
China Defies Decarbonization Trend As Coal Imports Climb 16.9% In Q1 2024
Despite global efforts towards decarbonization, coal imports in China are on the rise, signaling persistent demand for the commodity.
China Oriental Group (0581.HK): Short-term performance declines, dividend ratio remains industry-leading
Maintain an “Overweight” rating. In 2023, the company achieved operating income of 46.260 billion yuan, a year-on-year decrease of 4.85%; realized net profit (excluding minority shareholders' equity) -160 million yuan, a year-on-year decrease of 119.78%, 20
Express News | The National Development and Reform Commission, the Ministry of Industry and Information Technology and other departments are conducting research and deployment on the regulation of crude steel production in 2024
Hong Kong Stock Concept Tracking | Improving industry fundamentals, steel may be undergoing a revaluation (with concept stocks)
The reporter learned from the Ministry of Industry and Information Technology that the Raw Materials Industry Department of the Ministry of Industry and Information Technology convened a conference with more than 10 leading steel enterprise groups, including Baowu Group and Angang Steel Group. The conference will comprehensively understand the production and operation situation of the steel industry, thoroughly analyze the difficulties and underlying causes facing current industry development, and better promote the smooth operation and healthy development of the steel industry to facilitate subsequent formulation of relevant policies. Orient Securities believes that from “removal of production capacity” to “removal of production volume,” supply rigidity is gradually forming in the steel industry. Combined with policy support, the steel industry is facing a new round of mergers and restructuring. It is expected that in the future, supply in China's steel industry may be more orderly. Industry fundamentals
CHINA ORIENTAL To Go Ex-Dividend On July 11th, 2024 With 0.05 HKD Special Dividend Per Share
March 29th - $CHINA ORIENTAL(00581.HK)$ is trading ex-dividend on July 11th, 2024. Shareholders of record on July 12th, 2024 will receive 0.05 HKD special dividend per share on August 20th, 2024.
Changes in Hong Kong stocks | China Oriental Group (00581) fell by more than 10%, and the average unit price of steel products fell sharply, and the company lost 160 million yuan in 23, a year-on-year profit and loss
China Oriental Group (00581) fell by more than 10%, down 13.91% at press time, to HK$0.99, with a turnover of HK$2.95 million.
China Oriental Group (00581.HK)'s revenue in 2023 was about 46.26 billion yuan, a year-on-year decrease of about 4.9%
Gelonghui, March 27 | China Oriental Group (00581.HK) announced that the Group recorded revenue of approximately RMB 46.26 billion in 2023, a decrease of about 4.9% compared to last year. Compared with 2022, the average sales unit price of self-produced steel products fell 10.5% to about RMB 3,557 per ton, while gross profit decreased by about 67.4% to approximately RMB 387 million. The Group's overall net loss was approximately RMB 196 million, down about 124.2% from last year's net profit of approximately RMB 811 million. Profit before interest, tax, depreciation and amortization was approximately RMB 23 from last year.
China Oriental Group (00581) Announces Annual Results Shareholders' Losses of 160 Million Yuan Year Over Year
China Oriental Group (00581) announced its 2023 annual results. The group achieved revenue of 46.26 billion yuan during the period...
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