605589 Jinan Shengquan Group Share Holding
- 19.72
- -0.27-1.35%
Jinan Shengquan Group Share Holding News
Jinan Shengquan Group Share Holding (SHSE:605589) Will Be Hoping To Turn Its Returns On Capital Around
There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns ea
Shengquan Group (605589): Increased phenolic sales are optimistic about PPO and biomass growth prospects
Incident description The company released its 2024 quarterly report, achieving operating income of 2.14 billion yuan (+5.1% year over year, -12.0% month on month) and realized net profit of 140 million yuan (+7.3% year over year, -55.3% month on month)
Shengquan Group (605589) Comment: Q1 performance is basically in line with expectations, electronic resin PPO release is worth looking forward to
Investment highlights: Company announcement: The company released its 2024 quarterly report, 2024Q1 achieved operating income of 2.115 billion yuan (YoY +5.11%, QoQ -12.03%) and net profit of 1.37 billion yuan to mother
Shengquan Group (605589.SH) announced first-quarter results, net profit of 137 million yuan, up 7.30% year-on-year
According to the Zhitong Finance App, Shengquan Group (605589.SH) disclosed its report for the first quarter of 2024. The company achieved revenue of 2.115 billion yuan during the reporting period, an increase of 5.11% over the previous year. Net profit attributable to shareholders of listed companies was 137 million yuan, an increase of 7.30% over the previous year. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 126 million yuan, an increase of 23.40% over the previous year. Basic earnings per share were 0.17 yuan/share.
Concerns Surrounding Jinan Shengquan Group Share Holding's (SHSE:605589) Performance
Jinan Shengquan Group Share Holding Co., Ltd.'s (SHSE:605589) robust recent earnings didn't do much to move the stock. However the statutory profit number doesn't tell the whole story, and we have fo
Shengquan Group (605589): Q1 net profit increased year-on-year, and projects under construction progressed in an orderly manner
Net profit for Q1 of '24 was 140 million yuan. The company that maintained “increased holdings” released its quarterly report for '24 on April 26. Q1 achieved revenue of 2.14 billion yuan, yoy +5%, and net profit of 140 million yuan (not $130 million after deduction)
Shengquan Group (605589): Net profit of 789 million yuan increased year-on-year in 23, optimistic about the growth brought about by the commissioning of the polyphenylene ether project
Shengquan Group announced its 2023 annual report. In 2023, the company achieved operating income of 9.120 billion yuan, a year-on-year decrease of 4.98%; net profit to mother was 789 million yuan, an increase of 12.23% over the previous year. 2023
Shengquan Group (605589): Net profit attributable to 23 million yuan increased year-on-year
Shengquan Group announced its 2023 annual report. In 2023, the company achieved operating income of 9.120 billion yuan, a year-on-year decrease of 4.98%; net profit to mother was 789 million yuan, an increase of 12.23% over the previous year. 2023
Shengquan Group (605589): Leading domestic resin companies continue to break through in high-end products
Incident: On April 19, the company released its 2023 annual report. The company achieved operating income of 9.120 billion yuan, a year-on-year decrease of 4.98%; net profit attributable to shareholders of listed companies was 789 million yuan, an increase of 12 million yuan over the previous year.
Shengquan Group (605589): Performance is in line with expectations, optimistic about PPO and booming biomass development
Description of the incident: The company released its 2023 annual report, achieved revenue of 9.12 billion yuan (-5.0% YoY), realized net profit of 790 million yuan (+12.2% YoY), and realized 740 million yuan in non-net profit deducted from the original (YoY).
Minsheng Securities released a research report on April 20 stating that it gave Shengquan Group (605589.SH) a recommended rating. The main reasons for the rating include: 1) sales of resin products have increased dramatically, and profitability has been r
Minsheng Securities released a research report on April 20 stating that it gave Shengquan Group (605589.SH) a recommended rating. The main reasons for the rating include: 1) sales of resin products have increased dramatically, and profitability has been rising steadily; 2) electronic chemicals have blossomed, and many products have been put on the market one after another; 3) biomass projects have been put into operation, which is expected to gradually improve after many technical reforms. (Mainichi Keizai Shimbun)
The Jinan Shengquan Group Share Holding Co., Ltd. (SHSE:605589) Analysts Have Been Trimming Their Sales Forecasts
Today is shaping up negative for Jinan Shengquan Group Share Holding Co., Ltd. (SHSE:605589) shareholders, with the analysts delivering a substantial negative revision to this year's forecasts. Reve
Shengquan Group (605589) 2023 Annual Report Review: Stable performance, strong third-tier business
Incident Overview. On April 18, 2024, Shengquan Group released its 2023 annual report. During the reporting period, the company achieved operating income of 9.120 billion yuan, -4.98% year-on-year, and net profit to mother of 789 million yuan, a year-on-year increase.
Shengquan Group (605589): Q4 performance surged month-on-month, laid out new projects such as hydrocarbons, silicon anodes, porous carbon, etc.
Core view The sharp increase in the company's Q4 performance was mainly due to a recovery in the price spread of phenolic resins in the main business and improvements on the cost side. Looking ahead to 24 years, in the phenolic resin sector, the company, as an industry leader, has suspended production expansion, and the industry is expected to be consolidated after 2 years
Shengquan Group (605589): Q4 performance is in line with expectations, electronic resin PPO production expansion is imminent
Investment highlights: Company announcement: The company released its 2023 annual report. In 2023, the company achieved operating income of 9.120 billion yuan (YoY -4.98%) and net profit to mother of 789 million yuan (YoY +12.23%)
Shengquan Group (605589.SH): Net profit increased 12.23% year-on-year in 2023, and plans to distribute 10 to 4 yuan
On April 18, Ge Longhui Group (605589.SH) announced its 2023 annual report. During the reporting period, it achieved operating income of 9.12 billion yuan, a year-on-year decrease of 4.98%; net profit attributable to shareholders of listed companies was 789 million yuan, up 12.23% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 736 million yuan, up 14.64% year on year; and basic earnings per share were 1.02 yuan. The company plans to distribute a cash dividend of 4.00 yuan (tax included) for every 10 shares to all shareholders.
Shengquan Group (605589): Net profit increased year-on-year in 23, and new projects progressed in an orderly manner
Achieved net profit of 790 million yuan in '23. The company that maintained the “increased holdings” rating published its annual report for the year 23 on April 18. It achieved annual revenue of 9.12 billion yuan, yoy -5.0%, and net profit to mother of 790 million yuan (net profit after deducting non-shares)
At CN¥18.37, Is Jinan Shengquan Group Share Holding Co., Ltd. (SHSE:605589) Worth Looking At Closely?
Jinan Shengquan Group Share Holding Co., Ltd. (SHSE:605589), is not the largest company out there, but it saw a double-digit share price rise of over 10% in the past couple of months on the SHSE.
Jinan Shengquan Gets Regulatory Nod for 1.78 Billion Yuan Dorbod Nanyang Wind Power Project
Jinan Shengquan Group (SHA:605589) obtained approval for the Dorbod Nanyang wind power construction, the company said in its disclosure on the Shanghai Stock Exchange. The approval was handed down by
Express News | Shengquan Group: The subsidiary obtained approval for the wind power project
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