06890 KANGLI INT HLDG
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KANGLI INT HLDG News
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.
康利國際控股：年報 2023
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.
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
Kangli International Holdings (06890) announced annual results, profit attributable to shareholders of 774.46 million yuan, which turned a year-on-year loss into a profit
According to the Zhitong Finance App, Kangli International Holdings (06890) announced the results for the year ended December 31, 2023. The group achieved revenue of 1,928 billion yuan (RMB, same below) during the period, an increase of 29.24%; profit attributable to shareholders was 774.46 million yuan, and losses due to shareholders were 31.253 million yuan during the same period last year, turning a year-on-year loss into a profit; basic profit per share was 0.13 yuan. According to the announcement, the sales volume of rolled hard coils in this year was about 25,900 tons, up about 42.1% from the previous year, and the sales volume of galvanized products for the year ended December 31, 2023 was about 30.4
KANGLI INT HLDG: ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
“I can't put down the storeroom”! Demand recovery weakens year-on-year, steel people are anxious “not busy every day” and look forward to supply-side reforms
Financial Services Association, March 16 (Reporter Zhang Liangde) The 2024 crisis has passed, but demand in the steel market has yet to recover.
Express News | China Steel Association held a launch meeting to evaluate new steel production capacity management mechanisms and steel production capacity replacement policies
China Steel Association: In early March, key statistics showed that steel companies' crude steel production of 2,058,000 tons per day fell 3.38% month-on-month
According to the China Steel Association, in early March 2024, according to key statistics, steel companies produced a total of 205.77,800 tons of crude steel, 18.4.376 million tons of pig iron, and 19.2762 million tons of steel.
KANGLI INT HLDG: DATE OF BOARD MEETING
China Steel Association: In late February, key statistics showed that steel companies' crude steel production of 2.13 million tons per day increased 1.38% month-on-month
The China Iron and Steel Association issued a document stating that in late February 2024, key statistics on steel companies produced a total of 19.1696 million tons of crude steel, 16.9.09 million tons of pig iron, and 18.5848 million tons of steel.
KangLi International Expects Swing to Profit in 2023
KangLi International Holdings (HKG:6890) expects a net profit of at least 60 million yuan for the year ended Dec. 31, 2023, as compared to a net loss of around 31.3 million yuan in 2022. The steel pro
Kangli International Holdings (06890.HK) expects net profit for the year to be no less than 60 million yuan, with a loss of 31.253 million yuan for the same period last year
On March 1, GLONGHUI | Kangli International Holdings (06890.HK) announced that the Group expects to record a net profit of not less than RMB 60 million for the year ended December 31, 2023, while a net loss of approximately RMB 31.253 million was recorded for the year ended December 31, 2022. According to the Board of Directors, the above changes were mainly due to (1) an increase in sales during the reporting year; (2) an increase in product gross margin due to a decrease in overall production costs due to increased capacity utilization; and (3) the decline in the average sales price of products was less than the average price of raw materials.
KANGLI INT HLDG: POSITIVE PROFIT ALERT
Weak demand for starting construction in the steel market, pressure from the industrial chain is transmitted upstream to coal coke|Industry News
Financial Services Association, Feb. 28 (Reporter Zhang Liangde) After the Mid-Autumn Festival, demand for terminals recovered, but industry sentiment was still weaker than in previous years. Steel companies continued to drop to deliver “chill” to the middle and upstream raw materials. Coke prices rose and fell in four rounds, and market sentiment was sensitive under the influence of conflicting expectations of production cuts and slowing demand, and prices fluctuated sharply in the short term.
World Steel Association: In January 2024, global crude steel production was 148.1 million tons, down 1.6% year on year
According to the data, in January 2024, the world's crude steel production in 71 countries included in the World Steel Association statistics was 148.1 million tons, a year-on-year decrease of 1.6%.
“Orders are growing fast”! Demand for ultra-supercritical thermal power projects drives a sharp pre-increase in industrial stainless steel pipe companies|Industry Watch
Financial Services Association, January 27 (Reporter Zhang Liangde) Amid the downward situation in the steel industry, the industrial steel pipe manufacturer segment is still maintaining a high growth rate.
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