Today's Information

Provided by: CHINA METAL PRODUCTS CO., LTD.
SEQ_NO 1 Date of announcement 2022/06/27 Time of announcement 11:31:59
Subject
 Clarification of mass media reporting
Date of events 2022/06/27 To which item it meets paragraph 51
Statement
1.Date of occurrence of the event:2022/06/27
2.Company name:China Metal Products Co., Ltd.
3.Relationship with the Company (please enter "the company itself" or
  "subsidiaries"): The company itself
4.Reciprocal shareholding percentage: NA
5.Name of the reporting media:2022/06/25、Commercial Times、B04
6.Content of the report:
 Excerpts from 2022/06/25 reporting" Due to the incremental orders of metal
 manufacturing segment and revenue from real estate development segment,
 China Metal Products Co., Ltd. are expected a NTD 15 billons of yearly
 earnings." on Commercial Times:
"The revenue of April and May of China Metal Products Co., Ltd. (1532)
  was below expectations due to the Shanghai lockdown and in progress
 construction. With the incremental orders of metal manufacturing segment
 and revenue from real estate development segment for the second half of
 the year, the figures are expected to be up on those for the first part
 of the year. China Metal Products Co., Ltd. are expected a NTD 15 billons
 of yearly earnings."
"With the incremental orders of metal manufacturing segment, the new
 Wu Han plant comes on stream and new product enters the stage of mass
 production, CMP emphasized that the market share of metal manufacturing
 in China will increase in long term because the government actively promote
 on environmental policies. Besides, construction will be completed in the
 second half of the year and brings in revenue, the figures for the second
 half are expected to be up on those for the first part of the year."
7.Cause of occurrence: Clarification of mass media reporting
8.Countermeasures:
 The Company didn't provide financial forecasts. The contents of reporting
 were speculations by the press and institutional investors. The CMP company
 consolidated revenue with independent auditors' review report in Q1 of 2022
 is NTD 4.596 billons, the annual growth rate is 27%. Please refer to M.O.P.S
 for accurate financial information of the Company.
9.Any other matters that need to be specified: NA

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

CMP – China Metal Products Company Limited published this content on 27 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2022 10:53:07 UTC.