SHA:688585

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Swancor Advanced Materials Swings to Loss in H1 on Marginal Revenue Rise

Swancor Advanced Materials (SHA:688585) swung to an attributable loss of 166.5 million yuan in the first half from an attributable profit of 29.9 million yuan in the year-ago period, according to a Saturday filing with the Shanghai Stock Exchange.The advanced materials manufacturer logged a loss per share of 0.41 yuan compared with earnings per share of 0.07 yuan in the prior-year period.Operating revenue grew 2.4% year over year to 802.7 million yuan from 783.8 million yuan.Shares rose nearly 1% during the midday break on Monday.

SHA:688585

Asia3h ago

Swancor Advanced Materials to Provide Up to 200 Million Yuan of Guarantees

Swancor Advanced Materials (SHA:688585) will provide up to 200 million yuan in guarantees to support two subsidiaries, according to a Monday filing with the Shanghai bourse.The listed advanced materials manufacturer will provide a guarantee of up to 150 million yuan to Qiyuan Innovation (Shanghai) Technology and 50 million yuan to Qiyuan Innovation (Beijing) Technology.The guarantees will help secure credit lines to help meet operational and business development needs.Shares rose nearly 1% during the midday break on Monday.

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