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DA MING INT'L: ANNUAL REPORT 2024
China Galaxy Securities: Medium to long-term conflicts in Steel supply and demand are intensifying, accelerating the supply-side reform in the Steel Industry.
Short-term imported iron ore may run weakly, potentially leading to a reduction in raw material costs, which is Bullish for domestic Steel companies. In the medium to long term, mainstream mines may also adjust their supply strategy under the changing landscape, increasing uncertainty in iron ore prices.
Latest assessment from Citigroup on the Steel Industry: Under the "pressure test" of tariffs, why have these two steel companies become the "first choice"?
Citi released the latest assessment report on the Steel Industry.
Hong Kong stock Concept tracking | Supply-side reform adjusts Steel supply, market focuses on the implementation status of domestic production restrictions (with related stocks)
Citi published a report on China's resource industry, stating that the announced tariffs by the USA have little impact on the Steel-related sub-industries.
DA MING INT'L (01090.HK) annual revenue decreased by 8.1% to 46.453 billion yuan.
Glory Financial, on March 28, announced the annual performance of DA MING INT'L (01090.HK). For the year ending December 31, 2024, revenue was RMB 46.453 billion, a decrease of 8.1% year-on-year; gross profit was RMB 0.686 billion, a decrease of 25.6% year-on-year; the annual loss and total comprehensive loss amounted to RMB 0.385 billion, with a year-on-year increase in loss of 102.2%. The group's stainless steel processing Business annual sales volume increased from approximately 2,043,000 tons for the year ending December 31, 2023, to approximately 2,057,000 tons for the year ending December 31, 2024.
DA MING INT'L (01090): Xu Xia has been appointed as a member of the nomination committee.
DA MING INT'L (01090) announced that the company's Executive Director and Vice Chairman, Ms. Xu Xia, has been appointed as a member of the company's nomination committee...