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SHA:603256

7 stories mentioning SHA:603256Updated 10d ago

Every FINWIRES story that references SHA:603256, newest first.

Asia

Grace Fabric Technology's Stock Deviates More Than 20% Across Three Straight Days; Shares Rise 10%

Grace Fabric Technology's (SHA:603256) closing price deviated by more than 20% across three straight trading sessions from July 16 to July 20, according to a Tuesday filing with the Shanghai bourse.The E-glass fiber cloth manufacturer's price fluctuation comes as shareholders Sharp Tone slashed its holding by 6.4 million shares while Unicorn Ace reduced its stock by more than 2.3 million shares.The two shareholders did not trade the company's shares during the period of price fluctuations.Media outlets have recently labeled Grace Fabric as a concept printed circuit board stock.Operations remained unchanged despite the recent stock surge.The company's shares jumped 10% recently.

SHA:603256
Asia

Grace Fabric Technology Projects Up to 364% Surge in H1 Profit

Grace Fabric Technology (SHA:603256) forecasted first-half attributable net profit of between 331.7 million yuan and 405.4 million yuan, compared with 87.4 million yuan the previous year.The 280% to 364% jump is attributed to rising end-market demand and higher prices for electronic-grade glass fiber fabrics, according to a Tuesday filing with the Shenzhen bourse.Shares of the glass fabric products company were up 9% Tuesday.

SHA:603256
Asia

Grace Fabric Technology Shareholders Trim Stake by 0.97%

Grace Fabric Technology (SHA:603256) said shareholders Sharp Tone and Unicorn Ace reduced their combined holdings by 0.97% between July 2 and July 3.Sharp Tone sold 6.4 million shares via centralized bidding, while Unicorn Ace disposed of 2.3 million shares through block trading, according to a weekend filing with the Shanghai bourse.The move reduced the combined shareholding of Sharp Tone, Unicorn Ace and their concerted parties to 80.73% from 81.70%.

SHA:603256
Asia

Grace Fabric Technology Unit Gets Patent for Water Jacket

Grace Fabric Technology's (SHA:603256) subsidiary, Huangshi Honghe Electronic Materials Technology, received an invention patent certificate from the China National Intellectual Property Administration, according to a Shanghai bourse filing on Tuesday.The patent, which has a 20-year term, is for a molybdenum-electrode water jacket for low-dielectric glass fiber processing.The glass fabric products company's shares fell 2% during the morning trade.

SHA:603256
Asia

Grace Fabric Technology Applies for Hong Kong Listing

Grace Fabric Technology (SHA:603256) applied to list its H-shares on the Hong Kong Stock Exchange's Main Board.Grace noted the listing remains subject to approvals from Chinese and Hong Kong regulators, according to a Monday filing with the Shanghai bourse.Shares of the glass fabric products company declined 1% in recent trade.

Hang SengSHA:603256
Asia

Grace Fabric Technology Signs 8-Billion-Yuan High-Performance Materials Deal

Grace Fabric Technology (SHA:603256) signed a project investment agreement with Huangshi authorities to build a high-performance electronic materials industrial park.Investment for the project is about 8 billion yuan, with the final investment amount and construction period subject to actual implementation, according to a Friday filing with the Shanghai bourse.Shares of the glass fabric products company closed 4% higher Friday.

SHA:603256
Asia

Grace Fabric Technology Q1 Profit Jumps 354%; Shares Up 4%

Grace Fabric Technology (SHA:603256) posted first-quarter attributable net profit of 140.2 million yuan, up 354% from 30.9 million yuan the previous year.Earnings per share rose to 0.16 yuan from 0.04 yuan, according to a Friday filing with the Shanghai bourse.Operating revenue went up 80% year over year to 442.1 million yuan from 246.0 million yuan.Shares of the glass fabric products company rose 4% in recent trade.

SHA:603256

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