10 stories mentioning SHA:603256Updated 32d ago
Every FINWIRES story that references SHA:603256, newest first.
Grace Fabric Technology (SHA:603256) has proposed increasing its credit facility for 2026 by 500 million yuan, bringing the total borrowing limit to 2.1 billion yuan from 1.6 billion yuan, according to a Friday filing on the Shanghai Stock Exchange.The expanded credit facility will remain valid for 12 months following formal shareholders' approval, the e-glass fiber cloth manufacturer said.
Grace Fabric Technology (SHA:603256) will inject 680 million yuan in capital into subsidiary Huangshi Grace Electronic Material Technology through a debt-to-equity swap, according to a Friday filing with the Shanghai bourse.Following the capital increase, the subsidiary's registered capital will rise to 2.40 billion yuan from 1.72 billion yuan.The capital raise will use the company's 680 million yuan debt claim against the subsidiary.Shares rose 1% during morning trading on Friday.
Grace Fabric Technology's (SHA:603256) net profit attributable to shareholders for the first half surged 334% to 379.5 million yuan from 87.4 million yuan a year earlier, according to a Friday disclosure on the Shanghai bourse.The E-glass fiber cloth manufacturer's earnings per share soared 320% year on year to 0.42 yuan from 0.10 yuan.Operating revenue jumped 90% to 1.05 billion yuan from 550.4 million yuan in the previous year.
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.
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.
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%.
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.
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.
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.
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.
