Beijing Shougang Co Ltd SZSE:000959:
SAYS IT PLANS TO BUY BACK CO A-SHARES WORTH 260-520 MILLION YUAN ($36.52-73.04 million)
($1 = 7.1194 Chinese yuan renminbi)
Beijing Shougang Plans Share Buyback
Beijing Shougang Co., Ltd. on 6ix
Earlier from Beijing Shougang
- Net profit jumped 66.45% to ¥657 million despite a 7.35% revenue drop, with margin gains
- Net profit surged to ¥327.88 million despite a 10.18% revenue drop in Q1 2025
- Revenue and profit declined, but strategic product output and R&D rose; stable dividend proposed
- Q3 2024 posted a net loss and sharp revenue decline amid weak steel prices and rising credit losses
- H1 2024 revenue reached RMB 56.68B, with improved cash flow and stable margins
Later from Beijing Shougang
- Beijing Shougang's Chairman Qiu Yinfu Resigns
- Q3 net profit surged 255% year-over-year, driven by cost controls and product optimization
- Beijing Shougang Sees 2025 Net Profit Up 95.3-125.0% Y/Y
- Beijing Shougang's Share Trade To Halt
- Net profit more than doubled year-over-year despite lower revenue, reflecting strong operational gains
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