Key Developments: Gui Zhou Tyre Co Ltd (000589.SZ)

000589.SZ on Shenzhen Stock Exchange

5.23CNY
23 Apr 2014
Price Change (% chg)

¥-0.01 (-0.19%)
Prev Close
¥5.24
Open
¥5.26
Day's High
¥5.28
Day's Low
¥5.17
Volume
2,690,609
Avg. Vol
7,229,149
52-wk High
¥5.79
52-wk Low
¥4.12

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Latest Key Developments (Source: Significant Developments)

Gui Zhou Tyre issues FY 2014 Q1 net profit outlook
Monday, 14 Apr 2014 08:00pm EDT 

Gui Zhou Tyre Co Ltd:Sees net profit for the first quarter of fiscal year (FY) 2014 to increase 40 pct to 60 pct, or to be 50,739,400 yuan to 57,987,800 yuan.The net profit of the same period in FY 2013 was 36,242,400 yuan.Comments that decreased raw material costs and decreased sales costs as the main reasons for the forecast.  Full Article

Gui Zhou Tyre Co Ltd Announces FY 2013 H1 Net Profit Outlook
Wednesday, 10 Jul 2013 08:00pm EDT 

Gui Zhou Tyre Co., Ltd. announced that it expects its net profit for the first half of fiscal year 2013 to increase by 50-100%, or to be RMB 68,489,400 to RMB 91,319,200, compared to that of same period last year (RMB 45,659,600). The Company cited three main reasons for this forecast. The price of raw materials decreased more than the price decrease of products. The two other reasons are increased subsidy from government and increased investment income.  Full Article

Gui Zhou Tyre Co Ltd Adjusts Private Placement Plan
Wednesday, 29 May 2013 08:00pm EDT 

Gui Zhou Tyre Co Ltd announced that it has adjusted its private placement plan of issuing its common stock with par value of RMB 1 per share at not less than RMB 4.54 per share, due to the Company's dividend payment of RMB 0.60 per 10 shares (pre-tax) for fiscal year 2012. According to the new plan, the Company will issue its common stock at up to RMB 4.48 per share.  Full Article

Gui Zhou Tyre Co Ltd Announces FY 2012 Dividend Payment Date
Tuesday, 21 May 2013 08:00pm EDT 

Gui Zhou Tyre Co Ltd announced that it will pay cash dividend of RMB 0.54 per 10 shares (after tax) to shareholders of record on May 27, 2013. The Company's shares will be traded ex-dividend on May 28, 2013 and the dividend will be paid on May 28, 2013.  Full Article

Gui Zhou Tyre Co Ltd Receives Subsidies
Tuesday, 14 May 2013 08:00pm EDT 

Gui Zhou Tyre Co Ltd announced that it has received a government subsidy of RMB 20 million as loan interest subsidy, as well as another government subsidy of RMB 464,500.  Full Article

Gui Zhou Tyre Co Ltd Announces FY 2012 Dividend Payment
Friday, 22 Mar 2013 08:00pm EDT 

Gui Zhou Tyre Co Ltd announced that it will pay a cash dividend of RMB 0.6 per 10 shares (pre-tax) to shareholders for fiscal year 2012.  Full Article

Gui Zhou Tyre Co Ltd Obtains Recognition of High-tech Enterprise; to Enjoy Tax Preference
Thursday, 24 Jan 2013 07:00pm EST 

Gui Zhou Tyre Co Ltd announced that it was recognized as a high-tech enterprise, and will enjoy an income tax rate of 15%.  Full Article

Gui Zhou Tyre Co Ltd Receives Interest Discount
Friday, 16 Nov 2012 07:00pm EST 

Gui Zhou Tyre Co Ltd announced that it has received announced that it has received interest discount of RMB 25 million from Financial Bureau of Guiyang City.  Full Article

Gui Zhou Tyre Co Ltd to Issue New Shares in Private Placement
Friday, 17 Aug 2012 08:00pm EDT 

Gui Zhou Tyre Co Ltd announced that it will issue up to 300 million A shares of common stock with par value of RMB 1 per share at not less than RMB 4.54 per share, to raise up to RMB 1.6 billion in private placement.  Full Article

Gui Zhou Tyre Co., Ltd. Announces Change of Accounting Auditor
Thursday, 2 Aug 2012 08:00pm EDT 

Gui Zhou Tyre Co., Ltd. announced the change of its accounting auditor for fiscal year 2012 from Shenzhen Pengcheng Certified Public Accountants CO., LTD. to Zhonghua Certified Public Accountants.  Full Article

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