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An update from Shougang Concord Grand (Group) Limited ( (HK:0730) ) is now available.
Capital Industrial Financial Services Group Limited announced that its indirect wholly owned subsidiary, Beijing Jingxi Supply Chain Management Co., Ltd., has for the first time been officially recognised as a High and New Technology Enterprise in China, a status jointly granted by several Beijing municipal authorities and valid for three years. This qualification entitles Jingxi Supply Chain to a preferential corporate income tax rate of 15% for three consecutive years, which the board expects will improve the group’s future operating results and mark an important milestone in strengthening its supply chain management and financial technology business, potentially enhancing its competitive position and profitability in the market.
The most recent analyst rating on (HK:0730) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Shougang Concord Grand (Group) Limited stock, see the HK:0730 Stock Forecast page.
More about Shougang Concord Grand (Group) Limited
Capital Industrial Financial Services Group Limited is a Bermuda-incorporated company listed in Hong Kong that operates through subsidiaries in mainland China, focusing on supply chain management and financial technology-related services within the industrial and financial services sectors.
YTD Price Performance: 17.82%
Average Trading Volume: 784,666
Technical Sentiment Signal: Sell
Current Market Cap: HK$470.5M
Learn more about 0730 stock on TipRanks’ Stock Analysis page.