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Donghong Co., Ltd. (603856.SH): The company's pipeline products can be used in the field of pumped energy storage
Gelonghui, May 23丨Donghong Co., Ltd. (603856.SH) said on the investor interactive platform that the company's pipeline products can be used in the field of pumped energy storage. In order to better develop business in the field of pumped energy storage, the company has set up a special business department to carry out specialized marketing layout for this field. In addition to the Loning project, there are other related projects being tracked.
Donghong Co., Ltd. (603856.SH): PE pipeline products and steel wire pipeline products have high gross margins, and anti-corrosion pipeline products have low gross margins
Gelonghui, May 15, 丨 Donghong Co., Ltd. (603856.SH) said at the performance briefing that due to the complexity of the production process and technical difficulty of the company's various products, there are differences in the gross margin of the company's products. The company's PE pipeline products and steel wire pipeline products have a high gross margin, and the gross margin of anticorrosive pipeline products is low. Gross profit fluctuates from period to period due to the structure of sales products. Sales of anticorrosive pipeline products increased in the first quarter of 2024 compared to the same period last year, leading to a decline in gross profit.
Donghong Co., Ltd. (603856): Revenue has achieved steady growth and is optimistic that water investment will bring about demand expansion
Revenue is growing steadily, optimistic about the company's medium- to long-term development potential. The company's revenue in '23 was 2.86 billion yuan, +0.4% year over year, and non-net profit returned to mother was 160 to 148 million, +8% and 15.5% year over year; 23Q4 single quarter
Donghong Co., Ltd. (603856): Steady annual revenue and restoration of profitability
Net profit for 23 years +0.4%/+8.0%. Donghong shares maintained the “buy” rating and published an annual report. In 2023, it achieved revenue of 2,864 billion yuan (yoy +0.44%), and net profit of 1.61 billion yuan (yoy +0.44%)
Donghong Co., Ltd. (603856.SH) announced its 2023 annual results, and net profit of 161 million yuan increased 7.99% year over year
Donghong Co., Ltd. (603856.SH) released its 2023 annual performance report. During the reporting period, the company achieved operating income of 2,864 million yuan, an increase of 0.44%; net profit attributable to shareholders of listed companies was 161 million yuan, up 7.99% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 148 million yuan, an increase of 15.53% year on year; basic earnings per share were 0.63 yuan. The company plans to pay a cash dividend of 1.89 yuan (tax included) to all shareholders for every 10 shares.
Express News | Donghong Co., Ltd. signed a procurement contract of 178 million yuan
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