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SHE:000973

5 stories mentioning SHE:000973Updated 12d ago

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Asia

FSPG Hi-Tech to Raise 4 Billion Yuan via Share Placement

FSPG Hi-Tech (SHE:000973) plans to raise up to 4 billion yuan from a share placement scheme, according to a Shenzhen bourse filing on Friday.Among the investors is the polymer functional film maker's controlling shareholder, Guangdong Guangxin Holdings Group, which intends to subscribe for shares worth between 400 million yuan and 1 billion yuan. The subscription amount will not exceed 50% of the actual proceeds.Proceeds will be used as funding for two separator film projects that will be built in the Chinese city of Shaoguan and the county of Wu'an.The remaining proceeds amounting to 600 million yuan will be used to replenish the company's working capital.

SHE:000973
Asia

FSPG Hi-Tech to Raise Two Project Companies' Capital to Fund Separator Film Projects

FSPG Hi-Tech (SHE:000973) plans to raise capital of two project companies controlled by its subsidiary, Hebei Gellec New Energy Technology, for the construction of two projects, according to a Shenzhen bourse filing on Friday.The project companies, Shaoguan Gellec New Energy and Wu'an Gellec New Energy, were created to construct and manage two separator film projects, which respectively have an investment worth 3.35 billion yuan and 3.81 billion yuan.Both Wu'an Gellec's and Shaoguan Gellec's capital will be raised by 980 million yuan each. Both of their registered capital will rise by 1 billion yuan each.

SHE:000973
Asia

FSPG Hi-Tech's Attributable Profit Surges 1,608% in H1

FSPG Hi-Tech's (SHE:000973) attributable profit ballooned 1,608% to 905.1 million yuan in the first half from 53 million yuan in the year-ago period, according to a Friday filing with the Shenzhen Stock Exchange.Earnings per share at the polymer functional films and composite materials maker increased to 0.4096 yuan from 0.0548 yuan in the prior-year period.Operating revenue grew 260% year over year to 3.88 billion yuan from 1.08 billion yuan.

SHE:000973
Asia

Chinese Stocks End Mixed Amid Ongoing Middle East Conflict

Chinese equities were muted as investors are still cautious over the ongoing Middle East conflict and hopes of the U.S. and Iran potentially resuming negotiations.The Shanghai Composite Index moderately rose to finish Wednesday at 4,027.21. The Shenzhen Component Index, however, lost 1%, or 141.50 points, to 14,498.46.Pressure is racking among global trade partners amid the U.S. blockage of the Strait of Hormuz, with the US President Donald Trump and Chinese President Xi Jinping set to meet in the coming weeks.There are still expectations that the U.S. will conduct a second round of discussions with Tehran despite the talks in Pakistan falling apart.In corporate news, Guangdong Dowstone Technology (SHE:300409) dropped 6% despite its 2025 attributable profit surging 223% year on year to 506.8 million yuan and its first-quarter attributable profit soaring 146% from a year earlier to 107.7 million yuan.FSPG Hi-Tech (SHE:000973) dipped 4% after forecasting that its first-quarter attributable profit will surge 1,993% to 2,664% to between 530 million yuan and 700 million yuan.Ninestar (SHE:002180) jumped 6.3%, although it swung to a net loss attributable to shareholders of 718.2 million yuan, or 0.51 yuan per share, in 2025.

Shanghai Composite^SZSESHE:000973SHE:002180SHE:300409
Asia

FSPG Hi-Tech Expects Up to 2,664% Surge in Q1 Profit; Shares Fall 4%

FSPG Hi-Tech (SHE:000973) forecasts its attributable profit will surge 1,993% to 2,664% to between 530 million yuan and 700 million yuan in the first quarter from 25.3 million yuan, after adjustments, according to a Wednesday filing with the Shenzhen bourse.The foreseen surge is attributable to the acquisition of the entire stake in Hebei Jinli New Energy Technology, the filing said.Shares decreased 4% during the midday break on Wednesday.

SHE:000973

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