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Xiwang Special Steel Co Ltd (1266.HK)

1266.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Xiwang Special Steel Enters Finance Lease Agreement
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Xiwang Special Steel Co Ltd <1266.HK>::ENTERED INTO FINANCE LEASE AGREEMENT WITH LESSOR.LESSOR WILL PURCHASE FACILITIES FROM XIWANG SPECIAL STEEL AT CONSIDERATION OF RMB200 MILLION.LESSOR WILL PURCHASE FACILITIES FROM XIWANG SPECIAL STEEL AT CONSIDERATION OF RMB200 MILLION.  Full Article

Xiwang Special Steel Expects FY Profit Attributable To Shareholders To Rise Over 150 Pct​
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Xiwang Special Steel Co Ltd <1266.HK>::FY ‍PROFIT ATTRIBUTABLE TO SHAREHOLDERS EXPECTED TO INCREASE BY MORE THAN 150%​.PROFIT ATTRIBUTABLE FOR YEAR ENDED 31 DECEMBER EXPECTED TO INCREASE BY MORE THAN 150%.INCREASE IN NET PROFIT DUE TO FACTORS SUCH AS, PERSISTENT RISE IN STEEL PRICE, GROWTH IN REVENUE.FY SALES VOLUME OF SELF-MANUFACTURED STEEL PRODUCTS 3.0 MILLION TONNES‍​.FY ‍CONSOLIDATED NET PROFIT ATTRIBUTABLE 840 MILLION RMB​.  Full Article

Xiwang Special Steel says it will pay a dividend from 2017 ​
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Xiwang Special Steel Co Ltd <1266.HK>:Will pay dividend from 2017 in an amount that is expected to be 30% of annual consolidated net profit attributable to owners​.  Full Article

Xiwang Special Steel sees 9-mth ‍profit attributable up over 140 pct​
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Xiwang Special Steel Co Ltd <1266.HK>-:‍Profit attributable for nine months ended 30 september 2017 is expected to increase by more than 140%​.Expected result due to ‍persistent rise in steel price, growth in revenue and moderate rise in raw material price​.  Full Article