Hunan Valin Steel Co Ltd SZSE:000932:
SAYS CO PLANS TO INVEST AROUND 512.4 MILLION YUAN ($71.94 million) IN CONTINUOUS CASTING MACHINE PROJECT
($1 = 7.1230 Chinese yuan renminbi)
Hunan Valin Steel To Invest In Casting Machine Project
Earlier from Hunan Valin Steel Co., Ltd. Class A
- Hunan Valin Steel: Net profit rose 31% to ¥1.75 billion despite a 17% revenue drop, driven by margin gains
- Hunan Valin Steel: Net profit jumped 43.55% year-over-year to ¥562 million, with strong cash flow and innovation
- Hunan Valin Steel: Net profit fell 59.99% on lower revenue, but high-end steel sales and cash flow remained strong
- Hunan Valin Steel: Revenue and profit declined sharply in Q3 2024, but cash flow and financing improved