2 stories mentioning SHE:002536Updated just now
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Feilong Auto Components (SHE:002536) controlling shareholder Henan Wanxi trimmed its stake to 30.77% from 31.56%.Henan Wanxi reduced its stake via block and bulk trading between July 23 and Sept. 2, according to a Thursday filing with the Shenzhen bourse.The combined holdings of Henan Wanxi and concerted parties declined to 35.88% from 36.67%.Shares of the auto parts company rose 6% in recent trade.
Feilong Auto Components (SHE:002536) forecasts a 62% to 68% fall in its net attributable profit to between 68 million yuan and 80 million yuan in the first half from 210.4 million yuan in the year-ago period, according to a Friday filing with the Shenzhen bourse.The auto parts company expects earnings per share to slide to 0.12 yuan and 0.14 yuan from 0.37 yuan a year earlier.Feilong attributed the expected fall to foreign exchange fluctuations for its exports to Europe, the U.S., and Southeast Asia, resulting in forex losses of about 50 million yuan.Competition also affected profit margins, affecting the bottom line by about 70 million yuan, while raw material costs impacted profit by more than 20 million yuan.
