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
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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.
CHINA METAL PRODUCTS CO., LTD. is a Taiwan-based company principally engaged in the manufacturing and distribution of cast iron products. The Companyâs main products include reinforced steel bars, steel billets and iron castings, which are applied in the steel material processing and smelting, automobile spare parts, construction hardware components, mechanical and hand tool parts, as well as transmission system parts, among others. The Company also involves in the operation of department stores, hotels and amusement parks, as well as the construction, sale and leasing of real estate. The Company mainly distributes its metal products within domestic market and to overseas markets, including Mainland China, America, Japan, Europe and others.