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Yechiu Metal Recycling (China) Ltd.'s (SHSE:601388) Last Week's 8.7% Decline Must Have Disappointed Individual Investors Who Have a Significant Stake
Ye Chiu Metal Recycling (601388.SH): The overseas subsidiary has received a tax subsidy payment notice.
On March 20, Gelonghui reported that Ye Chiu Metal Recycling (601388.SH) announced that its wholly-owned subsidiary, YE CHIU NON-FERROUS METAL (M) SDN BHD (hereinafter referred to as 'YCTL'), underwent a tax audit by the Malaysian National Taxation Bureau (hereinafter referred to as 'Malaysian Tax Bureau') regarding the income tax relief policy it enjoyed in previous years. The Malaysian Tax Bureau issued an assessment notice to the subsidiary YCTL for the payment of back taxes, with the specific details as follows: The Malaysian Tax Bureau audited YCTL's taxes from 2015 to 2021.
Yiqiu Resources: Announcement on the pre-reduction of the company\'s 2024 annual results
Announcement on the pre-reduction of the company\'s 2024 annual results
Ye Chiu Metal Recycling (601388.SH): The net profit for the year 2024 is expected to decrease by 61% to 74%.
On January 14, Gelonghui reported that Ye Chiu Metal Recycling (601388.SH) announced a performance reduction forecast for the fiscal year 2024. According to preliminary calculations by the finance department, it is expected that the net income attributable to the parent company's owners will be between 34.9029 million yuan and 52.3029 million yuan, representing a year-on-year decrease of 61% to 74%. It is expected that the net income attributable to the parent company's owners, after deducting non-recurring gains and losses, will be between 29.9363 million yuan and 44.8363 million yuan, marking a year-on-year decrease of 69% to 79%. The main reasons for this performance reduction include: 1. During the reporting period, due to the impact of the economy.
Ye Chiu Metal Recycling (601388.SH): Received the "Decision on the Recovery of State-Owned Construction Land Use Rights" from the Taicang City Natural Resources and Planning Bureau.
On January 6, Gelonghui reported that Ye Chiu Metal Recycling (601388.SH) announced that on January 6, 2025, the company received a document from the Bureau of Land and Resources regarding the decision to reclaim the state-owned construction land use rights. The main content of the decision letter is as follows: "During the hearing, your unit stated: 1. Due to not reviewing the documents in advance and not having seen the evidence from the handling agency, it is unable to provide cross-examination; 2. Since the evidence from the third party was just obtained during the evidential presentation phase, written cross-examination opinions need to be submitted after the meeting. On December 27, 2024, our bureau sent your unit a letter requesting written feedback on the cross-examination opinions, please provide the written feedback by January 2, 2025."
Yechiu Metal Recycling (China) (SHSE:601388) Seems To Use Debt Quite Sensibly
