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Zhejiang JIULI Hi-tech Metals Co Ltd

Zhejiang JIULI Hi-tech Metals Co., Ltd, together with its subsidiaries, researches, develops, manufactures, and sells industrial stainless steel and pipeline products in China and internationally. The company offers austenitic and super austenitic stainless steel pipes/tubes, super duplex stainless steel pipes and tubes, corrosion and high temperature resistant alloy pipes, bimetal composites pipes, ultra pure ferritic stainless steel pipes/tubes, titanium alloy tubes, non-standard pipe fittings, prefabricated parts, composite pipe fittings, flanges, forged pipe fittings, butt welding pipe fittings, corrosion resistant alloy bars, high temperature resistant alloy bars, special stainless steel bars, high-strength steel bars, precision alloys, and pure nickel. It is also involved in trade and wholesale; consulting; investment and asset management; and technical services. The company's products are used in thermal power energy, oil and gas, photovoltaic, solar, wind, transportation manufacturing, instrumentation, petrochemical, coal and fine chemical industries, ships, seawater desalination, biomedical, and food safety applications. It exports its products. The company was founded in 1987 and is headquartered in Huzhou, China.

Price · split & dividend adjusted
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002318.CS2

Jiuli Hi-Tech Metals reports first-half 2026 net profit of 393 million yuan, down 52.55% year on year

Jiuli Hi-Tech Metals released its 2026 interim report, with net profit attributable to the parent company of 393 million yuan, a decrease of 52.55% compared with the same period last year. Total operating revenue was 3.884 billion yuan, down 36.38% year on year. Net cash inflow from operating activities was 65.3914 million yuan, down 73.40% year on year. The company's latest asset-liability ratio was 37.70%, up 6.00 percentage points from the previous quarter. Gross margin was 21.23%, down 5.96 percentage points from the same period last year. Diluted earnings per share were 0.41 yuan, down 52.87% year on year.
Jiemian·2dRead more ▾
Energy Transition & Power Demand

Exxon Awards $1.1 Billion in Contracts for Mozambique Rovuma LNG

ExxonMobil and its partners have awarded approximately $1.1 billion in contracts for long-lead equipment and early work on Mozambique's Rovuma LNG Phase 1 project, marking another major step toward a final investment decision. The awards cover subsea production systems, large-bore valves and several types of offshore line pipe required to develop the Area 4 gas resources offshore Cabo Delgado. The largest contract was awarded to OneSubsea UK and OneSubsea AS for engineering, procurement and manufacturing of subsea production systems, controls and umbilicals, with Aker Solutions Mozambique supporting work carried out in the country. Other contracts went to Advanced Technology Valve for production valves, Corinth Pipeworks and Sumitomo Corporation of America for line pipe, and China's Zhejiang Jiuli Hi-Tech Metals for mechanically lined pipe and related equipment. Rovuma LNG is designed to develop offshore gas reserves in Mozambique's Area 4 and supply an onshore liquefaction complex with planned capacity of 18.6 million tonnes per year, which would make it one of the larger new LNG export developments under consideration globally.
Oilprice.com·9dRead more ▾
002318.CS

Multiple Companies on Shanghai and Shenzhen Exchanges Release Semi-Annual Earnings Forecasts, Buyback and Share Increase Plans

On the evening of July 21, multiple listed companies on the Shanghai and Shenzhen exchanges disclosed announcements including semi-annual earnings forecasts, buyback and share increase plans, and major contracts. Yuanjie Technology expects first-half net profit to rise by 1,196.91% to 1,304.98% year-on-year. Zhongyi Technology forecasts an increase of 879.55% to 1,075.46%. Feinan Resources projects growth of 245.36% to 314.43%. Jin Yang Precision anticipates a rise of 138.8% to 180.33%. Yaokang Bio expects an increase of 46.67% to 60.78%. Tengjing Technology forecasts growth of 31.19% to 42.12%. Guangqi Technology, however, expects a decline of 5.64% to 24.3%. Leshan Electric Power's net profit fell 12.9% year-on-year. Mingxing Electric Power dropped 27.91%. CloudWalk Technology narrowed its loss by 62.3% to 69.84% year-on-year. In terms of buybacks, Sungrow Power's chairman proposed a buyback of 500 million to 1 billion yuan. Putailai plans to buy back 200 million to 300 million yuan. Jiuli Special Materials intends to repurchase 200 million to 400 million yuan. Xinghui Environmental Materials and Gao Neng Environment both plan buybacks of 100 million to 200 million yuan. Guangdong Mingzhu's chairman proposed a buyback of 100 million to 150 million yuan. Weichai Power's controlling shareholder plans to increase its A-share holdings by 200 million to 400 million yuan. Hunan Haili's controlling shareholder intends to increase holdings by 85 million to 170 million yuan. Among major contracts, Tianshun Wind Energy signed a crude oil tanker construction contract worth approximately 1.874 billion yuan. Pinggao Electric won bids totaling about 1.818 billion yuan for State Grid procurement projects. A subsidiary of Kanghui Corporation signed a computing power service contract with an estimated total value of 415 million to 679 million yuan. Additionally, GigaDevice plans to use 500 million yuan of raised funds to increase capital in Zhuhai Xincun for a DRAM project. JinkoSolar changed the use of 29.7213 million repurchased shares and will cancel them. Wuzhou Medical intends to acquire 100% equity in Xuanzhi Technology to enter the motor control chip sector. ST Dongjing will have its delisting risk warning removed starting July 23.
Eastmoney·37dRead more ▾
002318.CS

Jiuli Special Materials' actual controller's concert party Yimutian completes share increase of 629,100 shares

Zhejiang Jiuli Special Materials Technology Co., Ltd.'s actual controller Zhou Zhijiang's concert party Huzhou Yimutian Enterprise Management Co., Ltd. increased its shareholding in the company by 629,100 shares through centralized competitive bidding on July 15, 2026, accounting for 0.06% of the company's total share capital. The average transaction price was 17.477 yuan, with a total transaction amount of approximately 10.995 million yuan. Yimutian is 100% owned by Zhou Zhijiang. Before the increase, it held 1.2 million shares, and after the increase, its shareholding rose to 1.8291 million shares, representing 0.19% of the company's total share capital. Following the completion of the increase, the combined shareholding ratio of the actual controller and concert parties rose from 39.42% to 39.48%, which does not trigger a mandatory tender offer and will not lead to a change in the company's control. The company stated that the increase was based on recognition of its long-term development strategy, and the increasing party has committed not to reduce its holdings within the statutory period.
为自有资金·42dRead more ▾
002318.CS

Jiuli Special Materials expects first-half 2026 net profit to fall 50% to 55% year-on-year

Jiuli Special Materials has disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 372 million and 414 million yuan, a year-on-year decline of 50% to 55%. Deducted non-recurring net profit is expected to be between 142 million and 181 million yuan, down 77% to 82%. Basic earnings per share are projected to be between 0.38 and 0.43 yuan. The company said the performance fluctuation was mainly affected by multiple factors including industry structural adjustments, weak downstream demand, intensified market competition, delayed delivery of overseas orders, rising costs, and a high base in the same period last year.
中国证券报·44dRead more ▾