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Qingdao Doublestar (000599.SZ): Received notification from the Shenzhen Stock Exchange regarding the suspension of review for the company's issuance of shares to purchase Assets and raise supporting funds as well as related Trade.
On April 1st, Gelonghui reported that Qingdao Doublestar (000599.SZ) announced it intends to issue shares and pay Cash to purchase Assets and raise supporting funds (hereinafter referred to as "this transaction"), ultimately achieving an indirect 45% stake in Kumho Tire Co., Inc. and controlling Kumho Tire. The company received a notice from the Shenzhen Stock Exchange on March 31, 2025, stating that the financial information recorded in the transaction application documents has expired and needs to be supplemented, in accordance with the regulations for listed companies on the Shenzhen Stock Exchange.
Qingdao Double Star: 2024 Annual Report Summary
Qingdao Double Star: 2024 Annual Report
Qingdao Doublestar (000599.SZ): Net loss of 0.356 billion yuan for the fiscal year 2024.
On March 27, Gelonghui reported that Qingdao Doublestar (000599.SZ) released its annual report for 2024, stating that the company achieved a revenue of 4.335 billion yuan in 2024, a decrease of 6.89% year-on-year; the Net income attributable to shareholders of the listed company was -0.356 billion yuan; the Net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was -0.368 billion yuan; and the EPS was -0.44 yuan.
Qingdao Double Star: 2024 Annual Performance Forecast
Qingdao Doublestar (000599.SZ): Expected loss of 0.285 billion yuan to 0.385 billion yuan for the year 2024.
Gelonghui reported on January 21 that Qingdao Doublestar (000599.SZ) announced its performance forecast for 2024, predicting a net income loss attributable to shareholders of the listed company of 0.285 billion yuan to 0.385 billion yuan, and a net income loss after deducting non-recurring gains and losses of 0.32 billion yuan to 0.42 billion yuan, with basic EPS losses ranging from 0.35 yuan/share to 0.47 yuan/share. The reason for the performance fluctuation during the reporting period is mainly due to losses from the company's capacity layout adjustments. During the reporting period, the company transferred its domestic production of passenger car tires at Guangrao Jixing Tire Co., Ltd. to reasonably layout global capacity and enhance international competitiveness.
Qingdao Doublestar Co.,Ltd's (SZSE:000599) Share Price Boosted 29% But Its Business Prospects Need A Lift Too
