Delong Holdings

Delong posts 46% fall in 1Q earnings to $30.3 mil on lower margins and higher finances
SINGAPORE (May 8): Delong Holdings, the China-based steel manufacturer, reported a 46.2% fall in 1Q19 earnings to RMB151 million ($30.3 million) from RMB280.8 million a year ago. Group revenue increased 17.1% to RMB3.45 billion due to an increase in the volume of hot rolled coil (HRC) sold amid growing demand from the construction and infrastructure sectors, despite a decrease in average ...
Delong CEO and wife make $7/share cash offer to take steel manufacturer private
SINGAPORE (Sept 27): Delong Holdings’ CEO and executive chairman Ding Liguo and his wife have made a $7 per share cash offer to take the China-based steel manufacturer private. The offer price represents a 76.9% premium over Delong's 12-month volume-weighted average price, and a 1.9% premium over its last transacted price of $6.87 at the close on Wednesday. The voluntary condition offer ...
2 China-focused materials stocks are leading the way as sector blazes to 33% returns YTD
SINGAPORE (May 23): China-focused materials stocks China Sunsine Chemical Holdings and Delong Holdings are leading the way, as the sector generated a market capitalisation-weighted total return of 32.9% year-to-date in 2018. The materials sector, which comprises businesses involved in the processing of raw materials, has benefitted so far this year from an improved global economic ...
Delong's 1Q earnings drop 28% to $59 mil on higher costs and expenses
SINGAPORE (May 3): Delong Holdings, the China based steel manufacturer and trader, reported 1Q18 earnings fell 27.6% to RMB 280.8 million ($58.9 million) compared to RMB 387.8 million in 1Q17. Revenue for the first quarter ended March came in at RMB 2.95 billion, 1.2% lower than RMB 2.99 billion in the previous year, due to a significant decrease in sales volume during the period under review, ...
Delong's FY17 earnings surge more than 10 times to $433 mil on higher selling prices of steel coils
SINGAPORE (Feb 27): Delong Holdings reported FY17 earnings of RMB2.1 billion ($433 million), up 10 times from RMB213 million a year ago as average selling prices of hot rolled coil (HRC) soared. See: Delong is third top gainer after positive profit guidance This came after it reported 4Q17 earnings more than doubled to RMB327.3 million from a loss of RMB401.9 million a year ago. Revenue ...
Delong is third top gainer after positive profit guidance
SINGAPORE (Feb 21): Delong Holdings is the third top gainer on the Singapore market this morning after announcing a positive profit guidance. As at 11.57am, shares in steelmaker are up 38 cents or 9.8% to $4.24 with 469, 200 shares traded. In a Tuesday night filing, Delong says it expects to report a significant increase in net profit in 4Q17 and FY17 compared to the corresponding year, ...
Delong up 7.4% as shareholder Evraz says steelmaker 'undervalued'
SINGAPORE (Jan 23): Delong Holdings, the Singapore-traded steelmaker with assets in China, jumped 26 cents to $3.76 with 182,000 shares traded. The stock has risen 44% since Evraz Plc, a Russia steelmaker that owns a 15% stake in Delong, said in a Dec 2017 interview with Bloomberg that the company was undervalued because large investors have long ignored the stock. Fair value could be US$4 ...
Delong's 3Q earnings up fourfold to $200 mil
SINGAPORE (Nov 3): Delong Holdings announced that 3Q17 earnings increased more than fourfold to RMB 973.9 million ($200.3 million) from RMB 229.3 million a year ago. Sales for the third quarter ended September were 44.7% up at RMB 3.67 billion as compared to RMB 2.53 billion in 3Q16, attributed to a significant increase in average selling prices of hot rolled coil (HRC) coupled with an ...
Delong reports 34% higher 2Q earnings of $77.3 mil on higher average selling prices
SINGAPORE (Aug 8): Delong Holdings reported a 33.7% rise in 2Q17 earnings to RMB380.8 million ($77.3 million) from RMB 284.8 million a year ago. In 2Q17, sales rose 25.8% to RMB2.6 billion from RMB2.1 billion a year ago due to a significant increase in average selling prices of hot rolled coil (HRC) coupled with an increase in sales volume of HRC driven by infrastructure and construction ...
Delong’s Hebei unit sells its pig iron production capacity for $81 mil
SINGAPORE (April 3): Steel manufacturer Delong Holdings said its unit Aoyu Steel plans to sell its pig iron production capacity of 1.08 million tonnes and steel production capacity of 1.21 million tonnes to Tsing Tuo Group Co. for a total consideration of RMB 400 million ($81.1 million). The sale follows plans by the Hebei province's 12th National People Congress to reduce steelmaking capacity ...