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China's Industrial Profits Up 0.8% In Q1 Amid Tariff Hurdles
FOLANGSI: Annual Report 2024
Express News | Folangsi Co Ltd - Approval Granted for Listing of 43.1 Mln Converted H Shares
FOLANGSI (02499.HK): The China Securities Regulatory Commission has issued a filing notice for the company's H shares to be fully circulated.
On April 3, FOLANGSI (02499.HK) announced that the Board of Directors is pleased to announce that on April 3, 2025, it received the "Record Notification of the Full Circulation of Unlisted Domestic Shares of Guangzhou FOLANGSI Co., Ltd." issued by the China Securities Regulatory Commission regarding the full circulation of H shares. Accordingly, the company has completed the filing with the China Securities Regulatory Commission for the full circulation of H shares. According to the filing notification, if the company fails to complete the conversion and listing of H shares within twelve months from the date of issuance of the filing notification, should the company wish to continue with the conversion and listing, it must update the filing materials.
Behind the significant profit increase in FOLANGSI (2499.HK) annual report: Accelerating platformization of services, expanding categories + Global expansion opens up growth space.
In March of this year, the content of the government work report became the focus of market attention. Among them, the report mentioned the need to "accelerate the construction of a unified and open Transportation market and implement special actions to reduce overall social Logistics costs." In fact, "reducing overall social Logistics costs" has long been elevated to a high position. Previously, it was mentioned in the "Action Plan for Effectively Reducing Overall Social Logistics Costs" and the "Opinions on Accelerating the Construction of a Unified and Open Transportation Market." From the perspective of enterprises, the long-term high costs and low efficiency at the Logistics end will squeeze profit margins. Furthermore, this will weaken the competitiveness of domestic实体产业, ultimately leading to the decline.
Folangsi Co., Limited Declares Final Dividend for 2024