4 stories mentioning SHA:688779Updated 19d ago
Every FINWIRES story that references SHA:688779, newest first.
Minmetals New Energy Materials (SHA:688779) added 1.64 billion yuan to its 2026 related-party transaction estimate, bringing the total to 2.77 billion yuan.The increase, primarily for raw material procurement from parent China Minmetals, according to a Tuesday filing with the Shanghai bourse.
Minmetals New Energy Materials (SHA:688779) forecasts it will return to a net attributable profit of between 340 million yuan and 400 million yuan in the first half from a loss of 26.8 million yuan in the year-ago period.The battery materials producer attributed the rise to higher product sales amid a rapid development of the new energy vehicle and energy storage industry.
Minmetals New Energy Materials (Hunan) (SHA:688779) subsidiaries Hunan Changyuan Lithium New Energy and Jinchi Energy Materials won a final appeal, or a second instance judgment, on a contract dispute, according to a Wednesday filing with the Shanghai bourse.The Hunan Provincial Higher People's Court dismissed an appeal by Zhicun Lithium Industry Group, Jiangxi Jinhui Lithium Industry, and Yichun Tianzhuo New Materials over a case filed by Minmetals for Zhicun's alleged failure to deliver goods under its lithium carbonate procurement contract.The court ordered the appellants to pay about 180.6 million yuan in damages, including an advanced payment of 118.6 million yuan, the filing said.
Hunan Changyuan Lico (SHA:688779) will suspend the conversion of its convertible bonds beginning June 11 due to the distribution of a dividend, according to a Friday disclosure to the Shanghai bourse.Bondholders who wish to continue conversion could do so until June 10.
