Guoen Shares Rise 5.4% to Record High of RMB62.86 on Aug 17
Guoen shares rose 5.4% to a record high of RMB62.86 on August 17, with turnover of RMB457 million and a total market capitalisation of RMB24.654 billion. The basic chemicals sector gained 1.92%, while margin trading data showed a 2.13% month-on-month increase in financing balance. The company's first-quarter revenue rose 21.86% to RMB5.377 billion, and net profit surged 131.08% to RMB257 million.
Guoen shares rose 5.40% to RMB62.86, a record high. Volume was 7.5119 million shares, with turnover of RMB457 million and a turnover rate of 2.98%. The latest A-share total market capitalisation stood at RMB24.654 billion, with a float market capitalisation of RMB15.857 billion.
The basic chemicals industry rose 1.92% overall, with 388 stocks advancing and 15 hitting the daily limit, including Subote and Hongbaoli. Fifty-four stocks fell, with the biggest decliners being Huaxi Co. , Xinghua New Materials and Daosheng Tianhe, down 7.32%, 4.25% and 3.57% respectively.
Margin trading data showed that as of August 14, the margin balance was RMB493 million, with a financing balance of RMB491 million, up RMB10.2472 million over the past 10 days, a month-on-month increase of 2.13%.
The company's first-quarter report showed revenue of RMB5.377 billion, up 21.86% year-on-year; net profit of RMB257 million, up 131.08% year-on-year; basic earnings per share of RMB0.93, and a weighted average return on equity of 4.16%.