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SHE:301217

3 stories mentioning SHE:301217Updated just now

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Asia

Tongguan Copper Foil Adds New Copper Supplier for Related-Party Purchases; Shares Up 2%

Anhui Tongguan Copper Foil (SHE:301217) adjusted the price of its related-party transactions for the year as it added Tongling Nonferrous as a new supplier of copper products, according to a Shenzhen bourse filing on Tuesday.The electronic copper foil maker previously planned to purchase copper wire only from Tongguan Copper Materials and Tongling Nonferrous.The estimated transaction prices for Tongguan Copper Materials and Tongling Nonferrous were adjusted after Tongling Nonferrous was added to the list.The total estimated price for the three related-party transactions is 6.17 billion yuan.The company's shares jumped nearly 2% in the morning trade Tuesday.

SHE:301217
Asia

Anhui Tongguan Copper Foil Closes Three Projects, Adds 383 Million Yuan to Working Capital; Shares Up 3%

Anhui Tongguan Copper Foil (SHE:301217) will close three fundraising investment projects and permanently transfer 383.0 million yuan in surplus funds to working capital.The completed projects include the high-performance electronic copper foil technology center as well as 10,000-ton and 15,000-ton copper foil projects, according to a Tuesday filing with the Shenzhen bourse.The company cited cost controls, government subsidies and cash management returns as key reasons for the surplus.Shares of the copper producer rose 3% in recent trade.

SHE:301217
Asia

Anhui Tongguan Copper Foil Returns to Profit in 2025

Anhui Tongguan Copper Foil (SHE:301217) returned to an attributable profit of 62.6 million yuan in 2025 from an attributable loss of 156.3 million yuan in 2024, according to a Saturday filing with the Shanghai/Shenzhen bourse.The electronic copper foils maker logged earnings per share of 0.08 yuan compared with a loss per share of 0.19 yuan in the previous year.Operating income grew 42% year over year to 6.69 billion yuan from 4.72 billion yuan.Shares decreased 1% during the midday break on Monday.

SHE:301217