Cangzhou Dahua adjusts the share reform plan
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As the first listed company in Zhangzhou to kick off the share reform, Cangzhou Dahua was honored as the leader in the construction of the third chemical city in China—Cangzhou Chemical City. The company is now developing into the production and sales of chemical fertilizers and TDI. , a state-owned key enterprise with a variety of chemical products. Since its listing, the company's operating performance has grown steadily, with profits exceeding 100 million yuan for two consecutive years. As of the third quarter of 2005, the company achieved a total net profit of 7,296.23 million yuan, and earnings per share of 0.28 yuan, an increase of 119% and 117% respectively year-on-year. In particular, the controlling TDI company ended its multi-year loss situation in 2005 and realized more than 500 profits. Ten thousand yuan has enhanced investor confidence.
The split share structure reform was adopted last year by the state to standardize the securities market and resolve the long-term unequal rights of circulating shares and non-tradable shares of listed companies over the years. The reform of the equity split in Quzhou Dahua was formally launched in January this year. On February 24th, an online roadshow was successfully held in Beijing. The company conducted a sincere and comprehensive exchange with investors and extensively heard opinions and suggestions from investors. The person in charge of Cangzhou Dahua stated that Cangzhou Dahua, as a leading chemical company in Quzhou City, will take advantage of this shareholding reform to further expand and strengthen the company and make greater contributions to local economic development and society as a whole.