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Guangzheng Group Co Ltd (002524.SZ)

002524.SZ on Shenzhen Stock Exchange

10.80CNY
30 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Guangzheng plans to sell Tianshan Rural Commercial Bank's shares
Tuesday, 29 Nov 2016 06:04am EST 

Guangzheng Group Co Ltd <002524.SZ> :Says it plans to sell 52.5 million shares in Tianshan Rural Commercial Bank at 2.34 yuan per share with transaction price estimated at 122.85 million yuan ($17.81 million).  Full Article

Guangzheng Group issues H1 2016 net profit outlook
Tuesday, 26 Apr 2016 08:00pm EDT 

Guangzheng Group Co.,Ltd:Sees net profit for H1 2016 to be a loss of 28 million yuan to a loss of 20 million yuan, compared to net profit of the same period in 2015 (a loss of 10,272,000 yuan).Comments that seasonal impacting on steel sales is the main reason for the outlook.  Full Article

Guangzheng Group announces no dividend payment for 2015
Sunday, 24 Apr 2016 08:00pm EDT 

Guangzheng Group Co.,Ltd:Announces no dividend payment for 2015.  Full Article

Guangzheng Group completes full acquisition of subsidiaries
Wednesday, 9 Mar 2016 07:00pm EST 

Guangzheng Group Co.,Ltd:Completes full acquisition of its former Artux-based 51 pct owned subsidiary, which is engaged in gas pipelines and product development, from individual Sun Ye, at price of 195 mln yuan.Completes full acquisition of its former five 80 pct owned sub-subsidiaries from individual Han Aimin at 50 mln yuan.Holds a 100 pct stake in the six units after the transaction respectively.  Full Article

Guangzheng Group completes sale of investment unit
Wednesday, 30 Dec 2015 07:00pm EST 

Guangzheng Group Co.,Ltd:Completes sale of Shanghai-based investment wholly owned subsidiary to the co's controlling shareholder, an investment company, for 30.4 million yuan, on Dec. 25.  Full Article

Guangzheng Group to set up two new subsidiaries
Tuesday, 8 Dec 2015 07:00pm EST 

Guangzheng Group Co.,Ltd:To set up a new wholly owned steelwork subsidiary and a new wholly owned equipment manufacturing subsidiary in Urumchi, with registered capital of 50 mln yuan respectively.  Full Article

Guangzheng Group announces transaction amount in stake acquisition of subsidiaries
Tuesday, 8 Dec 2015 07:00pm EST 

Guangzheng Group Co.,Ltd:To acquire 49 pct stake in an Artux-based 51 pct owned subsidiary, which is engaged in gas pipelines and product development, from individual Sun Ye, at price of 195 mln yuan.To acquire 20 pct stake in five 80 pct owned sub-subsidiaries from individual Han Aimin at 50 mln yuan.Plan disclosed on Sep. 9.  Full Article

Guangzheng Group to take out loan
Monday, 23 Nov 2015 07:00pm EST 

Guangzheng Group Co.,Ltd:To take out a loan of 70 mln yuan from Hami-based commercial bank with a term of one year.Proceeds to be used for working capital supplement.  Full Article

Guangzheng Group gives 2015 net profit outlook above I/B/E/S estimate
Wednesday, 21 Oct 2015 08:00pm EDT 

Guangzheng Group Co.,Ltd:Sees net profit for 2015 to be 5 million yuan to 15 million yuan.Says the net profit of 2014 was a loss of 88,488,600 yuan.2015 reported net profit of 45.15 million yuan – Thomson Reuters I/B/E/S.Comments that market growth results, decreased risk of provision for bad debts, and lean production factory are the main reasons for the forecast.  Full Article

Guangzheng Group to acquire stake in subsidiaries
Tuesday, 8 Sep 2015 08:00pm EDT 

Guangzheng Group Co.,Ltd:To acquire 49 pct stake in an Artux-based 51 pct owned subsidiary, which is engaged in gas pipelines and product development, from individual Sun Ye.To acquire 20 pct stake in five 80 pct owned sub-subsidiaries from individual Han Aimin.After acquisition the company to hold 100 pct stake in the Artux-based subsidiary and the Artux-based subsidiary to hold 100 pct stake in the five sub-subsidiaries.  Full Article

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