HKG:2788

3 stories mentioning HKG:2788Updated just now

Every FINWIRES story that references HKG:2788, newest first.

Chuangxin Industries Expects Profit to More Than Double in H1

Chuangxin Industries (HKG:2788) expects net profit attributable to owners of about 2.2 billion yuan to 2.4 billion yuan for the first half, up 154% to 177% from a year earlier, according to a Friday Hong Kong bourse filing.The expected increase was mainly driven by higher selling prices for electrolytic aluminum products, a greater share of green electricity, which lowered production costs, and reduced financing costs following optimization of its financing structure.

HKG:2788

Asia33d ago

Chuangxin Industries' Unit Completes 476 Million Yuan Tax Payment

Chuangxin Industries' (HKG:2788) subsidiary Inner Mongolia Chuangyuan Metal has completed payment of about 476 million yuan in additional taxes related to its entitlement to preferential tax policies for high-tech enterprises, according to a Tuesday Hong Kong bourse filing.The company said the tax payment was made in accordance with guidance from the competent tax authority, and no administrative penalty was imposed.Chuangxin Industries said it has sufficient cash and bank deposits and does not expect the tax payment to have a material adverse effect on its overall financial condition.

HKG:2788

Asia41d ago

Chuangxin Industries Flags Upto 500 Million Yuan Tax Bill at Unit

Chuangxin Industries (HKG:2788) said its unit Inner Mongolia Chuangyuan Metal may be liable to pay 400 million yuan to 500 million yuan in taxes as it undergoes a so-called tax guidance because of its inclusion in the preferential tax policy for high-tech enterprises, according to a filing with the Hong Kong bourse Monday.The aluminum company's shares fell over 4% in morning trade Tuesday.Chuangxin Industries said it has sufficient cash and bank deposits to cover the potential tax payment and the issue is not expected to have any material adverse effect on the group's overall financial condition.

HKG:2788

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