603856 Shandong Donghong Pipe Industry
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- +0.11+1.02%
Shandong Donghong Pipe Industry News
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
Is Shandong Donghong Pipe Industry Co., Ltd. (SHSE:603856) Worth CN¥9.6 Based On Its Intrinsic Value?
Key Insights Using the Dividend Discount Model, Shandong Donghong Pipe Industry fair value estimate is CN¥7.25 Current share price of CN¥9.61 suggests Shandong Donghong Pipe Industry is potentially
Express News | Donghong Co., Ltd.: An application to issue shares to a specific target was approved by the Securities Regulatory Commission
Donghong Pipe Bags 106 Million Yuan Steel Pipe Supply Contract
Shandong Donghong Pipe Industry (SHA:603856) has landed a contract worth 106 million yuan to supply plastic-coated composite steel pipes to a water conservancy company. The company will supply the pro
Donghong Co., Ltd. (603856.SH): Signed 106 million yuan plastic-coated composite steel pipe contract
Gelonghui, January 3 | Donghong Co., Ltd. (603856.SH) announced that the company recently received a “Sales Contract” signed with Shanxi Water Resources Construction Engineering Bureau Group Co., Ltd. The subject of this contract is plastic-coated composite steel pipes, and the contract amount is RMB 106 million.
Donghong Co., Ltd. (603856.SH): An application to issue shares to a specific target was approved by the Shanghai Stock Exchange
Gelonghui Co., Ltd. announced on December 7 | Donghong Co., Ltd. (603856.SH) announced that on December 7, 2023, the company received the “Notice Concerning Audit Opinions on the Issuance of Shares by Shandong Donghong Pipe Industry Co., Ltd. to specific targets” issued by the Shanghai Stock Exchange Listing Review Center. The specific review opinions are as follows: “Shandong Donghong Pipe Industry Co., Ltd.'s application for issuing shares to specific targets meets the issuance conditions, listing conditions and information disclosure requirements. After completing the relevant procedures and receiving your company's application documents, the firm will submit it to the China Securities Regulatory Commission for registration.”
Donghong Pipe Lands 301 Million Yuan Pipes Supply Contract
Shandong Donghong Pipe Industry (SHA:603856) has landed a deal worth 300.7 million yuan to supply anti-corrosion steel pipes and PE water supply pipes to Shandong Shengrun Water Group. The state-owned
Donghong Co., Ltd. (603856.SH): Signed a 300 million yuan sales contract
Gelonghui November 13丨Donghong Co., Ltd. (603856.SH) announced that it recently signed a “Sales Contract” with Shandong Shengrun Water Group Co., Ltd., with a provisional estimated contract amount of RMB 300,715,849.14. The subject matter of this contract is anticorrosive steel pipes and PE water supply pipes.
Donghong Co., Ltd. (603856): Impairment affects profit and demand for water pipelines is expected to accelerate
23Q3 revenue/net profit to parent ratio -14.4%/-50.9%, maintaining the “buying” company's three-quarter report for 23 years: 9M23 achieved revenue/net profit of 21.3/150 million yuan, +2.2%/
[Instant Analysis of BT Financial Report] Donghong Co., Ltd. 2023 Third Quarter Report: Balance ratio declined, net profit increased, and cash flow improved significantly
Announcement time of this financial report: 2023-10-25 17:32:04 Donghong Co., Ltd. (stock code: 603856) is an engineering pipeline manufacturer, pipeline engineering service provider and general pipeline engineering contractor serving national strategic projects such as water conservancy, municipal heat, oil and gas, industrial mines, etc., and national livelihood projects. The company is mainly engaged in the manufacture and sale of various pipeline products such as polymer plastic pipes, modified plastic composite pipes, heavy anti-corrosion metal pipes, energy-saving insulation pipes, and connecting pipe fittings. As the world's largest composite pipeline manufacturing base, the company is committed to studying the digitalization of pipeline engineering,
Donghong Co., Ltd. (603856.SH): An impairment preparation of 15.5083 million yuan was calculated for the first three quarters of 2023
Glonghui, Oct. 25, 丨 Donghong Co., Ltd. (603856.SH) announced that in order to more objectively and fairly reflect the company's financial situation and operating results for the first three quarters of 2023, according to the relevant provisions of the “Corporate Accounting Standards” and the company's accounting policies, and based on the principle of prudence, the company conducted impairment tests on relevant assets, and calculated various impairment preparations totaling RMB 15.5083 million for the current period.
Donghong Pipe Lands 385 Million Yuan Water Pipeline Contract
Shandong Donghong Pipe Industry (SHA:603856) landed a deal worth 385.1 million yuan to supply pressure pipeline components to a water project in China. The Chinese plastic pipe producer did not disclo
Donghong Co., Ltd. (603856.SH): Received a notice of winning the bid
Glonghui, October 18, 丨 Donghong Co., Ltd. (603856.SH) announced that it recently received a winning bid notice from a bidding agency, confirming that the company was the winning bidder for a pressure pipeline project for a water supply project. The winning bid price was 385,071,159.00 yuan.
Donghong Co., Ltd. (603856.SH) won a bid of 385 million yuan for a pressure pipeline project for a water supply project
Donghong Co., Ltd. (603856.SH) issued an announcement. The company recently received a bid notice from a bidding agency...
Donghong Co., Ltd. (603856): Significant increase in production and sales volume, marginal improvement in profitability
Incident: Donghong Co., Ltd. released its semi-annual report for 2023. 23H1. The company achieved total operating income/net profit attributed/non-net profit of 15/14/140 million yuan, compared with +10%/+10%/+11%; 23Q2
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