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Suzhou Yangtze New Materials Co Ltd (002652.SZ)

002652.SZ on Shenzhen Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Suzhou Yangtze New Materials issues 2016 H1 net profit outlook
Thursday, 21 Apr 2016 08:00pm EDT 

Suzhou Yangtze New Materials Co Ltd:Sees net profit for 2016 H1 to decrease by 10 percent to increase by 40 percent, or to be 23,979,900 yuan to 37,302,000 yuan.Says the net profit of 2015 H1 was 26,644,300 yuan.Comments that decreased market demands for polymer coated strip products and involved performance of overseas unit are the main reasons for the forecast.  Full Article

Suzhou Yangtze New Materials to sell assets and to issue new shares to acquire company and raise fund
Thursday, 14 Apr 2016 08:00pm EDT 

Suzhou Yangtze New Materials Co Ltd:To divest all assets and liabilities to a Shanghai-based investment holding group company, and to acquire 100 pct stake in a Shanghai-based automobile group company from the Shanghai-based investment holding group company via share issue.Transaction price for the Shanghai-based automobile group company is 12,000 mln yuan.To issue shares via private placement to raise up to 5,000 mln yuan, for loan repayment and auto financing leasing project.Says the Shanghai-based investment holding group company's stake in the company to increase to 81.06 pct (1,255,049,744 shares), up from 0 pct.  Full Article

Suzhou Yangtze New Materials announces 2015 dividend payment date
Wednesday, 6 Apr 2016 08:00pm EDT 

Suzhou Yangtze New Materials Co Ltd:To pay a cash dividend of 0.5 yuan (before tax) per 10 shares to shareholders of record on April 12, for 2015.Says the company's shares will be traded ex-right and ex-dividend on April 13 and the dividend will be paid on April 13.  Full Article

Suzhou Yangtze New Materials gives 2015 net profit outlook
Sunday, 25 Oct 2015 08:00pm EDT 

Suzhou Yangtze New Materials Co Ltd:Sees net profit for 2015 to increase 20 pct to 60 pct, or to be 44,223,100 yuan to 58,964,200 yuan.The net profit of 2014 was 36,852,600 yuan.Comments that a subsidiary consolidated in financial statement are the main reason for the forecast.  Full Article

Suzhou Yangtze New Materials issues 2015 H1 net profit outlook
Thursday, 23 Apr 2015 08:00pm EDT 

Suzhou Yangtze New Materials Co Ltd:Sees net profit for 2015 H1 to decrease 15 pct to increase 15 pct, or to be 15.4015 million yuan to 20.8373 million yuan.Says the net profit of 2014 H1 was 18.1194 million yuan.Comments that demand decrease for organic coating plate is the main reason for the forecast.  Full Article

Suzhou Yangtze New Materials announces 2014 dividend payment date
Friday, 3 Apr 2015 08:00pm EDT 

Suzhou Yangtze New Materials Co Ltd:To use undistributed profits to pay a cash dividend of 0.5 yuan (pre-tax) per 10 shares, to distribute two new share for every 10 shares as stock dividends and to use additional paid-in capital to distribute eight new shares for every 10 shares, to shareholders of record on April 13 for 2014.The company's shares will be traded ex-right and ex-dividend on April 14 and the dividend will be paid on April 14.  Full Article

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