Jingwei Textile Machinery 0350

[winston]

Sold my entire holdings 1.5 years ago, after I visited the company..

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Jingwei issues profit warning

Jingwei Textile Machinery (0350) issued a profit warning saying it estimates it will record more than 50 percent drop in profit for the nine months ended September, attributable to the appreciation of the yuan and declining demand in the national textile industry.

The textile machinery manufacturer said it forecasts net profit for the first nine months this year fell to 30.8 million yuan (HK$35 million).

STAFF REPORTER

[winston]

not vested

JINGWEI TEXTILE (00350.HK) AA Financial NewsJINGWEI TEXTILE (00350.HK) 1Q net profit down 9.2%
2014-04-29

JINGWEI TEXTILE (00350.HK) reported financial results of the first quarter.

Operating income dropped 5.8% yearly to RMB1.047 billion.

Net profit declined 9.2% to RMB94.14 million. EPS was RMB13 fen.

Source: AAStocks Financial News

[winston]

not vested

Controlling shareholder considers acquiring all JINGWEI TEXTILE (00350.HK) H-shares
2014-03-21

JINGWEI TEXTILE (00350.HK)'s controlling shareholder China Hongtian Group is considering the feasibility of acquiring all H-shares in JINGWEI TEXTILE, which would include as a voluntary withdrawal of listing of the H shares.

CHG has also indicated the proposed offer price under the possible offer will be HK$7.891 in cash per H share, representing a 30% premium to last closing price at HK$6.07.

Dealings in the shares of the company resume today.

Source: AAStocks Financial News

[winston]

not vested

JINGWEI TEXTILE (00350.HK) 2013 net profit 600M
2014-03-24

JINGWEI TEXTILE (00350.HK) announced that in 2013, the turnover rose 21.4% yearly to RMB10.479 billion; net profit rose 36.6% to RMB597 million, representing EPS of 85 fen.

A final dividend of 10 fen was declared.

Source: AAStocks Financial News

[winston]

vested

<Post Resumption>JINGWEI TEXTILE A, H-shares drop 6%, 22%

JINGWEI TEXTILE (00350.HK) (000666.SZ) issued a statement regarding the recent increase in its share price and trading volume, saying that its subsidiary Zhongrong Trust intends to establish a joint venture, China Trust Protection Fund Company Limited, by contributing a cash capital of RMB1.5 billion (representing 15% of the interest in the joint venture).

Both A-shares and H-shares of the company snapped the strong uptrend after trading resumed this morning.

A-shares hit the low at RMB16 and last stood at RMB16.19, down 6.6%; H-shares plunged 22% to $8.2, on volume of 5.84 million shares.

Source: AAStocks Financial News

[winston]

vested

09 Oct, 2014

JINGWEI TEXTILE (00350.HK)'s parent company holding frozen

JINGWEI TEXTILE (00350.HK) announced that 12,339,420 shares of the Company held by CTMC Group, representing 1.75% of total shares, have been judicially frozen by Shanghai No.1 Intermediate People?s Court,with the freezing to be released on 14 September 2016

Source: AAStocks Financial News

[winston]

vested

<Result Ann>JINGWEI TEXTILE (00350.HK) 1H net profit slashes 28%

JINGWEI TEXTILE (00350.HK) announced fiscal results for the first half of the year ended 30 June 2014.

Turnover amounted to RMB4.84 billion, down 8.8% yearly.

Net profit receded 28.2% to RMB220 million. EPS was 31 fen, and no interim dividend was declared.

Source: AAStocks Financial News

[winston]

vested


Mar 21, 2014

<Resumption Ann>Controlling shareholder considers acquiring all JINGWEI TEXTILE (00350.HK) H-shares

JINGWEI TEXTILE (00350.HK)'s controlling shareholder China Hongtian Group is considering the feasibility of acquiring all H-shares in JINGWEI TEXTILE, which would include as a voluntary withdrawal of listing of the H shares.

CHG has also indicated the proposed offer price under the possible offer will be HK$7.891 in cash per H share, representing a 30% premium to last closing price at HK$6.07.

Dealings in the shares of the company resume today.


Source: AAStocks Financial News