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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 Sees Decline In HY Net Profit By About 60% To 70%
Monday, 19 Aug 2019 

Aug 19 (Reuters) - Xiwang Special Steel Co Ltd <1266.HK>::EXPECTS TO RECORD A DECLINE IN NET PROFIT BY APPROXIMATELY 60% TO 70% FOR SIX MONTHS.GROUP EXPECTS TO RECORD A DECLINE IN NET PROFIT BY APPROXIMATELY 60% TO 70% FOR SIX MONTHS.EXPECTS TO RECORD A DECLINE IN NET PROFIT BY APPROXIMATELY 60% TO 70% FOR SIX MONTHS ENDED 30 JUNE 2019.EXPECTED RESULT DUE TO RAPIDLY RISING PRICES OF RAW MATERIALS AND FUELS.  Full Article

Xiwang Special Steel Co Says Lender Provided A Loan Of Rmb50 Mln To Unit
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Xiwang Special Steel Co Ltd <1266.HK>::LENDER PROVIDED A LOAN OF RMB50 MILLION TO UNIT.  Full Article

Xiwang Special Steel Co xpectEs Profit Attributable Between Rmb900 Mln And Rmb1,000 Mln For FY
Friday, 18 Jan 2019 

Jan 18 (Reuters) - Xiwang Special Steel Co Ltd <1266.HK>::CONSOLIDATED PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF COMPANY FOR YEAR ENDED 31 DECEMBER 2018 IS EXPECTED TO REMAIN STABLE.EXPECTED THAT GROUP WILL INCUR A PROFIT ATTRIBUTABLE IN RANGE BETWEEN RMB900 MILLION AND RMB1,000 MILLION FOR YEAR.CO INTENDS ANNUAL DIVIDEND IN AN AMOUNT THAT IS EXPECTED TO BE OF 30 PERCENT OF GROUP'S ANNUAL CONSOL NET PROFIT ATTRIBUTABLE.EXPECTED INCREASE IN PROFIT DUE TO AN INCREASE IN PROFIT CONTRIBUTED BY SUBSIDIES GRANTED BY GOVERNMENT, AMONG OTHERS.  Full Article

Xiwang Special Steel Updates On Finance Lease Arrangement
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Xiwang Special Steel Co Ltd <1266.HK>::A FINANCIAL LEASING CO WILL BUY 312 UNITS OF VARIOUS STEEL MANUFACTURING EQUIPMENT, FACILITIES FROM UNITS OF CO FOR RMB300 MILLION.  Full Article

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