601609 Ningbo Jintian Copper(Group)
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- +0.10+1.73%
Ningbo Jintian Copper(Group) News
Ningbo Jintian Copper (Group) (601609.SH): has completed downstream electric machine customer certification and achieved supply of high voltage flat wire to Xiaomi autos.
Ningbo Jintian Copper(Group) stated on the investor interaction platform on June 14th that the company is actively seizing the growing demand for flat wires in domestic and foreign markets, and actively advancing the deep cooperation with top motor manufacturers and electric machine suppliers in the world regarding electromagnetic flat wire projects. The designated quantity of the company's new energy electromagnetic flat wire and high-voltage platform projects continues to increase, and it has now carried out mass production cooperation with benchmark customers of new energy autos such as BYD, Geely in addition to certification of downstream electric machine customers and supply of high-voltage flat wires to Xiaomi autos.
Jintian Co., Ltd. (601609.SH): A total of 0.65% of shares have been repurchased
Gelonghui, June 3, 丨 Jintian Co., Ltd. (601609.SH) announced that from the start of the repurchase until May 31, 2024, the company has repurchased a total of 9,666,797 shares through centralized bidding transactions, accounting for 0.65% of the company's total share capital. The highest transaction price was 6.74 yuan/share, the lowest price was 5.81 yuan/share, and the total amount of capital paid was 62,389,847.74 yuan (not including transaction fees).
Major carbon neutrality policy released, the share of recycled metal supply is expected to rise sharply
① The State Council issued the “2024-2025 Energy Conservation and Carbon Reduction Action Plan”. The plan requires optimizing the layout of non-ferrous metal production capacity. By the end of 2025, the share of recycled metal supply will reach more than 24%, and the proportion of direct alloying of aluminum water will increase to more than 90%. ② Domestic waste non-ferrous metal recycling is estimated to be close to 20 million tons by 2027, which can replace more than 1.1 billion tons of non-ferrous metal mineral resources.
Express News | Ningbo Jintian Copper(Group): The controlling shareholder and actual controller have cumulatively reduced their shareholding of convertible bonds by 10.42%.
Jintian Co., Ltd. (601609.SH): Lou Guoqiang and Lou Cheng reduced their holdings of “gold-copper convertible bonds” by 1.51 million
Gelonghui, May 29丨Jintian Co., Ltd. (601609.SH) announced that the company received a “Notice Letter of Reduction in Convertible Bonds” from bondholders Mr. Lou Guoqiang and Mr. Lou Cheng, and reduced its holdings of “gold-copper convertible bonds” through centralized bidding between May 14, 2024 and May 29, 2024, accounting for 10.42% of the total issuance volume.
Jintian Shares: Adjusting the conversion prices of “Jintian Convertible Bonds” and “Gold-Copper Convertible Bonds”
Ningbo Jintian Copper (Group) Co., Ltd. announced that due to the distribution of equity in 2023, the “Jintian Convertible Bonds” conversion price will be adjusted to 10.43 yuan/share and the “Gold to Copper Convertible Bonds” will be adjusted to 6.63 yuan/share. The adjustments will take effect on June 6, 2024. Previously, the company paid a cash dividend of 1.20 yuan for every 10 shares. From May 28 to June 5, 2024, the conversion of related convertible bonds will be suspended and resumed on June 6.
Jintian Co., Ltd. (601609.SH) plans to pay 1.2 yuan for every 10 shares in 2023, excluding interest on June 6
Jintian Co., Ltd. (601609.SH) announced that in 2023, the company plans to distribute cash red to all shareholders for every 10 shares...
Analysis of the investment value of gold-copper conversion bonds: the impact of the sharp rise in double low copper prices may have passed
Key investment points: Gold to Copper Bonds (113068.SH): AA+, bond balance of 1.45 billion yuan, remaining term 5.17 years. The latest closing price is 114.70 yuan, the conversion premium rate is 21.54%, and the pure bond premium rate is 1
Jintian Co., Ltd.: PEEK line products have been designated by some high-end NEV manufacturers
Jintian Co., Ltd. said on an interactive platform on May 23 that with high-end technical solutions in the field of high voltage, the company's PEEK line products now have product competitive advantages and import substitution capabilities, and have obtained the designation of some high-end NEV manufacturers.
Earnings Working Against Ningbo Jintian Copper (Group) Co., Ltd.'s (SHSE:601609) Share Price
When close to half the companies in China have price-to-earnings ratios (or "P/E's") above 33x, you may consider Ningbo Jintian Copper (Group) Co., Ltd. (SHSE:601609) as an attractive investment with
Jintian Co., Ltd. (601609): Copper processing product unit profits stabilizes production capacity and expands overseas markets
The company's net profit to mother increased 25% year over year in 2023. Achieved revenue of 110.5 billion yuan (+9.2%), net profit attributable to mother of 527 million yuan (+25.3%), net profit after deducting non-return to mother of 377 million yuan
Jintian Co., Ltd. (601609.SH): Bondholders reduced their holdings of “gold-copper convertible bonds” by a total of 1,5076 million
On May 14, Ge Longhui Co., Ltd. (601609.SH) announced that among the convertible corporate bonds issued this time, the controlling shareholder of the company, Ningbo Jintian Investment Holdings Co., Ltd., the actual controller Mr. Lou Guoqiang, and his close relative, Ms. Lou Jingjing (“bondholder”), subscribed a total of 7,859,650 “gold and copper convertible bonds”, accounting for 54.20% of the total amount issued. The company received a “Notice Letter of Reduction in Convertible Bonds” from bondholders. It reduced its holdings of “gold and copper” through centralized bidding and bulk trading between February 29, 2024 and May 13, 2024
Jintian Co., Ltd. (601609.SH): The total number of shareholders as of May 10, 2024 was 49,874
Gelonghui, May 13丨Jintian Co., Ltd. (601609.SH) said on the investor interactive platform that the total number of shareholders of the company as of May 10, 2024 was 49,874.
Jintian Co., Ltd. (601609.SH): 0.40% of shares have been repurchased cumulatively
Gelonghui, May 6, 丨 Jintian Co., Ltd. (601609.SH) announced that from the start of the repurchase until April 30, 2024, the company has repurchased 5,929,697 shares through centralized bidding transactions, accounting for 0.40% of the company's total share capital. The highest transaction price was 6.67 yuan/share, the lowest price was 5.81 yuan/share, and the total amount of capital paid was 37,689,436.74 yuan (not including transaction fees).
Jintian Co., Ltd. (601609.SH) announced first-quarter results, net profit of 109 million yuan, up 28.91% year-on-year
According to the Zhitong Finance App, Jintian Co., Ltd. (601609.SH) disclosed its report for the first quarter of 2024. The company achieved operating revenue of 24.830 billion yuan during the reporting period, an increase of 3.40% over the previous year. Net profit attributable to shareholders of listed companies was 109 million yuan, an increase of 28.91% over the previous year. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 112 million yuan, an increase of 658.58% over the previous year. Basic earnings per share were 0.07 yuan/share.
Is Ningbo Jintian Copper (Group) (SHSE:601609) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will
Debon Securities released a research report on April 24 stating that it gave Jintian Shares (601609.SH) a purchase rating. The main reasons for the rating include: 1) incident: the company released the 2023 annual report, and profit improved year-on-year;
Debon Securities released a research report on April 24 stating that it gave Jintian Shares (601609.SH) a purchase rating. The main reasons for the rating include: 1) incident: the company released the 2023 annual report, and profit improved year-on-year; 2) in 2023, the company's production and sales of copper processing products reached a record high, and sales of new energy products increased; 3) in 2023, the company's 800V high-voltage flat wire has been supplied in batches and is steadily advancing the construction of a flat wire production capacity of 40,000 tons/year to prepare for the construction of flat wire production capacity at the Vietnam base. (Mainichi Keizai Shimbun)
Jintian Co., Ltd. (601609): Performance continues to improve, copper processing production and sales reach record highs, flat wire product structure continues to be optimized, and production expansion progresses steadily
Key investment events: The company released its 2023 annual report, and profits improved year-on-year. In 2023, the company's revenue was 110.50 billion yuan, +9.2% year-on-year; net profit to mother was 527 million yuan, +25.37 million yuan
Jintian Co., Ltd. (601609.SH): The total number of shareholders as of April 19, 2024 was 49,621
Gelonghui, April 22丨Jintian Co., Ltd. (601609.SH) said on the investor interactive platform that the total number of shareholders of the company as of April 19, 2024 was 49,621.
Jintian Co., Ltd. (601609.SH): Net profit increased 25.37% year-on-year in 2023, and plans to distribute 1.2 yuan for 10 shares
Gelonghui, April 22丨Jintian Co., Ltd. (601609.SH) released its 2023 annual report, with operating income of 110.5 billion yuan, up 9.2% year on year, net profit of 527 million yuan, up 25.37% year on year, after deducting non-net profit of 377 million yuan, up 104.93% year on year, with basic earnings of 0.37 yuan per share. A cash dividend of 1.2 yuan is distributed to all shareholders for every 10 shares.
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