Hengbang Smelting reports 15.6% revenue growth in 2024
Shandong Hengbang Smelting reported revenue of 7.58 billion yuan in 2024, up 15.59% year-over-year. Net profit attributable to shareholders rose 4.07% to 536.7 million yuan.
Total assets increased 12.89% to 24.7 billion yuan. The company maintains an AA+ credit rating.
The results were disclosed in the company's 2024 trustee report for its 3.16 billion yuan convertible bond issuance. The bonds have an initial conversion price of 11.46 yuan per share.
Proceeds are being used for a comprehensive recovery project extracting valuable elements from polymetallic ore and working capital.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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