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Ningbo Fuda Co Ltd (600724.SS)

600724.SS on Shanghai Stock Exchange

3.29CNY
1 May 2018
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Latest Key Developments (Source: Significant Developments)

Ningbo Fuda Swings To Net Loss Of 872.2 Million Yuan In 2017
Thursday, 29 Mar 2018 06:55am EDT 

March 29 (Reuters) - Ningbo Fuda Co Ltd <600724.SS>::SAYS IT SWINGS TO NET LOSS OF 872.2 MILLION YUAN ($138.72 million) IN 2017 VERSUS NET PROFIT OF 127.4 MILLION YUAN YEAR AGO.  Full Article

Guilin Fuda to set up Guilin-based large crankshaft JV with Maschinenfabrik Alfing Kessler GmbH
Wednesday, 28 Feb 2018 09:47pm EST 

March 1(Reuters) - Guilin Fuda Co Ltd <603166.SS>:Says co plans to set up a JV Guilin Fuda ALFING Large Crankshaft Co., Ltd. with Maschinenfabrik Alfing Kessler GmbH, with registered capital of 16 million euros.Says total investment is 48 million euros.Says co will hold 50 percent stake in the JV .  Full Article

Guilin Fuda and unit obtain high-tech enterprises recognition again and to enjoy tax preference
Wednesday, 13 Dec 2017 04:48am EST 

Dec 13 (Reuters) - Guilin Fuda Co Ltd <603166.SS>:Says it and wholly owned bent axle unit were recognized as high-tech enterprises again and could enjoy a tax preference of 15 percent, from 2017 to 2019 .  Full Article

Guilin Fuda Co Ltd unit signs contract worth 50 mln yuan
Thursday, 2 Nov 2017 02:01am EDT 

Nov 2 (Reuters) - Guilin Fuda Co Ltd <603166.SS> ::Says its wholly owned subsidiary signed 50 million yuan contract to provide epipodium products .  Full Article

Ningbo Fuda says change of accounting policy
Friday, 25 Aug 2017 05:45am EDT 

Aug 25(Reuters) - Ningbo Fuda Co Ltd <600724.SS>:Says it changes accounting policy regarding government subsidy.  Full Article

Ningbo Fuda's H1 net profit down 79.2 pct y/y at 77.6 mln yuan
Thursday, 24 Aug 2017 03:51am EDT 

Aug 24 (Reuters) - Ningbo Fuda Co Ltd <600724.SS>:Says H1 net profit down 79.2 percent y/y at 77.6 million yuan ($11.65 million).  Full Article

Guilin Fuda to transfer 100 pct stake in Wuhan-based unit for 35.5 mln yuan
Wednesday, 28 Jun 2017 03:28am EDT 

June 28(Reuters) - Guilin Fuda Co Ltd <603166.SS> ::* Says it will transfer 100 percent stake in Wuhan-based unit to shareholder Guilin Fuda Group Co Ltd for 35.5 million yuan .  Full Article

Guilin Fuda to pay A shares annual div for FY 2016 on June 1
Tuesday, 23 May 2017 10:51pm EDT 

May 24 (Reuters) - Guilin Fuda Co Ltd <603166.SS> ::* Says it will pay cash dividend of 0.20 yuan(before tax)/share for 2016 to shareholders of record on May 31 .* The company's shares will be traded ex-right and ex-dividend on June 1 and the dividend will be paid on June 1 .  Full Article

Guilin Fuda to pay cash 2 yuan per 10 shares as FY 2016 div payment
Friday, 28 Apr 2017 01:27am EDT 

April 28(Reuters) - Guilin Fuda Co Ltd <603166.SS> : :* Says it plans to pay cash 2 yuan per 10 shares as FY 2016 div payment.  Full Article

Guilin Fuda sees Q1 FY 2017 net profit up 200 pct to 220 pct
Friday, 14 Apr 2017 05:39am EDT 

Guilin Fuda Co Ltd <603166.SS> : Sees Q1 FY 2017 net profit to increase by 200 percent to 220 percent . Says Q1 FY 2016 net profit was 11.2 million yuan .The reason for the forecast is improvement of main business.  Full Article

BRIEF-Ningbo Fuda Expects To Swing To Net Loss In 2017

* SAYS IT EXPECTS TO SWING TO NET LOSS OF ABOUT 839.0 MILLION YUAN ($130.62 million) IN 2017 VERSUS NET PROFIT OF 127.4 MILLION YUAN YEAR AGO Source text in Chinese: http://bit.ly/2FLJ2j0 Further company coverage: ($1 = 6.4232 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)