Two Sessions Time | National People's Congress Representative, Lu Qingguo from Chenguang Biotech Group: Improve the quality standards of Chinese Patent Medicine, regulate the centralized procurement model for Traditional Chinese Medicine, and optimize the
① Lu Qingguo, Director of Chenguang Biotech Group and a representative of the National People's Congress, focused on several recommendations at this year's Two Sessions, including optimizing the procurement mechanism for Traditional Chinese Medicine, enhancing the quality standards for Chinese Patent Medicine, and standardizing the Traditional Chinese Medicine granule industry; ② In addition to recommendations related to the Traditional Chinese Medicine industry, Lu Qingguo prepared several suggestions on rural social retirement insurance, rural medical insurance, and increasing support for companies sanctioned by the United States.
40 billion! BBMG Corporation breaks through financing, still spending billions in Beijing during the period of losses.
① The longstanding state-owned enterprise BBMG Corporation has received approval for financing of up to 40 billion, sparking heated discussions in the market; ② BBMG Corporation has performed poorly in recent years, and for 2024, it is expected that the adjusted Net income loss will be between 2.8 billion and -3.1 billion yuan, yet it continues to spend hundreds of millions to acquire land in Beijing during this loss period.
Conch Cement's Q3 revenue fell by 32.89% year-on-year, with net income also decreasing by 15.13%. | Financial Report Watch
In the third quarter, due to the dual decline in sales volume and prices of cement business products, the company's revenue and profit both saw a double-digit year-on-year decrease.
Net income plummeted by over 74 times, with a loss of 3.7 billion in the first three quarters, xinjiang tianshan cement, the leading company in the cement industry, still has bonds outstanding amounting to 6 billion.
1. The structural overcapacity contradiction in the cement industry remains prominent. 2. Analysis points out that the company faces potential risks of accounts receivable, inventory, and goodwill impairment.
Multiple cross-border etfs saw a significant increase in turnover and intense capital competition on the Tibet Tianlu.
Among the top ten ETFs with the highest increase in turnover compared to yesterday, eight are cross-border ETFs, among which the ChinaAMC NASDAQ 100 ETF (QDII) (159632) has an increase in turnover of 170%. Tibet Tianlu, a popular infrastructure sector stock, was sold by institutions for more than 800 million yuan today, and was bought by China Securities Co., Ltd.'s Beijing Guangqumen Inner Street Branch for 1.58 billion yuan, and was sold by a quantitative trading seat for 100 million yuan.
Estimating The Fair Value Of Steppe Cement Ltd. (LON:STCM)