Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. China
  4. Shanghai Stock Exchange
  5. Qingdao Gaoce Technology Co., Ltd
  6. News
  7. Summary
    688556   CNE1000044B6

QINGDAO GAOCE TECHNOLOGY CO., LTD

(688556)
  Report
End-of-day quote Shanghai Stock Exchange  -  2022-09-29
81.57 CNY   -4.10%
09/19Qingdao Gaoce Technology Co., Ltd(XSSC:688556) added to S&P Global BMI Index
CI
09/08UBS Adjusts Qingdao Gaoce Technology's Price Target to 125 Yuan From 95 Yuan, Keeps at Buy
MT
08/23Qingdao Gaoce Technology Co., Ltd announced that it expects to receive CNY 99.999997 million in funding
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

China's blue-chip index hits 19-month low as U.S. sanction worries weigh

02/07/2022 | 11:46pm EDT

* SSEC -0.9%, CSI300 -2.1%, HSI -1.54%

* EV, industry shares lead losses

* U.S. adds 33 entities in China to an export control list

SHANGHAI, Feb 8 (Reuters) - China's blue-chip index slumped to a 19-month low on Tuesday, with new-energy vehicle stocks leading the losses, as investors fretted over the prospect of the U.S. government adding more Chinese entities to the export control list. ** At the midday break, the blue-chip CSI300 index was down 2.14%, the lowest level since July 27, 2020.

** Leading the losses, the new-energy vehicle sector sub-index slumped 5.84% while the CSI300 Industry index lost 4.03%.

** Shanghai's Nasdaq-style STAR Market fell 3.09% to the lowest since May 6, 2020, while the start-up market ChiNext dropped 4.27% to nearly 14-month low.

** Chinese H-shares listed in Hong Kong fell 1.55% to 8,456.57, while the Hang Seng Index was down 1.54% at 24,202.19. The IT sector sub-index of the Hang Seng index fell 2.4%. ** Shanghai Composite index was down 0.9% at 3,398.72 points and the smaller Shenzhen index was down 2.01%.

** The U.S. Commerce Department said on Monday it had added 33 Chinese entities to its so-called 'unverified list', which requires U.S. exporters to go through more procedures before shipping goods to the entities.

** Shares of WuXi Biologics slumped more than 30% after the maker of ingredients for vaccines was added to the list by the United States. Trade in its shares was later halted.

** The U.S. House of Representatives had also passed a multibillion-dollar bill aimed at increasing American competitiveness with China and offset China's market-distorting trade practices by strengthening anti-dumping rules.

** "The biggest risk the market is confronting right now, is that the Fed must tighten even as the U.S. economy starts to buckle under the weight of inflation and a slowing Chinese economic cycle," Hong Hao, head of research at BOCOM International wrote in a note on Monday. ** Around the region, MSCI's Asia ex-Japan stock index dipped 0.09%, while Japan's Nikkei index was up 0.23%. ** The yuan was quoted at 6.3592 per U.S. dollar, 0.05% firmer than the previous close of 6.3625. (Reporting by Shanghai Newsroom; Editing by Sherry Jacob-Phillips)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / CHINESE YUAN RENMINBI (AUD/CNY) 0.00% 4.554063 Delayed Quote.0.46%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.00% 0.6402 Delayed Quote.-10.41%
BRITISH POUND / CHINESE YUAN RENMINBI (GBP/CNY) -0.05% 7.939468 Delayed Quote.-7.60%
BRITISH POUND / US DOLLAR (GBP/USD) 0.00% 1.116 Delayed Quote.-17.43%
CANADIAN DOLLAR / CHINESE YUAN RENMINBI (CAD/CNY) -0.04% 5.1441 Delayed Quote.3.64%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.00% 0.7227 Delayed Quote.-7.61%
EURO / CHINESE YUAN RENMINBI (EUR/CNY) -0.04% 6.9726 Delayed Quote.-3.05%
EURO / US DOLLAR (EUR/USD) 0.01% 0.9801 Delayed Quote.-13.80%
HANSOH PHARMACEUTICAL GROUP COMPANY LIMITED -0.96% 12.42 Delayed Quote.-34.63%
HONG KONG HANG SENG 0.33% 17222.83 Delayed Quote.-26.39%
INDIAN RUPEE / CHINESE YUAN RENMINBI (INR/CNY) -0.16% 0.087281 Delayed Quote.2.48%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.04% 0.01227 Delayed Quote.-8.60%
MEITUAN INC. -2.70% 165.6 Delayed Quote.-26.53%
NASDAQ COMPOSITE -1.51% 10575.62 Real-time Quote.-32.40%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.00% 0.5594 Delayed Quote.-16.03%
NIKKEI 225 -1.83% 25937.21 Real-time Quote.-9.91%
QINGDAO GAOCE TECHNOLOGY CO., LTD -4.10% 81.57 End-of-day quote.69.21%
S&P/CITIC 300 INDEX -0.61% 3483 Real-time Quote.-22.44%
S&P/CITIC 50 INDEX -0.37% 3385.92 Real-time Quote.-19.31%
SHENZHEN STOCK EXCHANGE A SHARE INDEX -1.30% 2000.08 Real-time Quote.-24.46%
SHENZHEN UNITED WINNERS LASER CO., LTD. -4.31% 40.19 End-of-day quote.-18.43%
TRINA SOLAR CO., LTD -5.09% 64.11 End-of-day quote.-18.75%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.65% 7.1365 Delayed Quote.12.27%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.00% 7.1135 Delayed Quote.12.13%
WUXI BIOLOGICS (CAYMAN) INC. -0.63% 47.4 Delayed Quote.-48.78%
All news about QINGDAO GAOCE TECHNOLOGY CO., LTD
09/19Qingdao Gaoce Technology Co., Ltd(XSSC:688556) adde..
CI
09/08UBS Adjusts Qingdao Gaoce Technology's Price Target to 125 Yuan From 95 Yuan, Keeps at ..
MT
08/23Qingdao Gaoce Technology Co., Ltd announced that it expects to receive CNY 99.999997 mi..
CI
04/28Qingdao Gaoce Technology Co., Ltd Reports Earnings Results for the First Quarter Ended ..
CI
02/21Qingdao Gaoce Technology Co., Ltd Reports Earnings Results for the Full Year Ended Dece..
CI
02/07China's blue-chip index hits 19-month low as U.S. sanction worries weigh
RE
2021Qingdao Gaoce Technology Co., Ltd Reports Earnings Results for the Nine Months Ended Se..
CI
2021Qingdao Gaoce Technology Co., Ltd(SHSE:688556) adde..
CI
2021Qingdao Gaoce Technology Co., Ltd(SHSE:688556) adde..
CI
2021Certain A Shares of Qingdao Gaoce Technology Co., Ltd are subject to a Lock-Up Agreemen..
CI
More news
Analyst Recommendations on QINGDAO GAOCE TECHNOLOGY CO., LTD
More recommendations
Financials
Sales 2022 3 378 M 475 M 475 M
Net income 2022 541 M 76,1 M 76,1 M
Net Debt 2022 - - -
P/E ratio 2022 33,8x
Yield 2022 0,39%
Capitalization 18 592 M 2 613 M 2 613 M
Capi. / Sales 2022 5,50x
Capi. / Sales 2023 3,97x
Nbr of Employees -
Free-Float 60,7%
Chart QINGDAO GAOCE TECHNOLOGY CO., LTD
Duration : Period :
Qingdao Gaoce Technology Co., Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends QINGDAO GAOCE TECHNOLOGY CO., LTD
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Last Close Price 81,57 CNY
Average target price 122,58 CNY
Spread / Average Target 50,3%
EPS Revisions
Managers and Directors
Xu Zhang General Manager & Executive Director
Xue Yu Li Chief Financial Officer & Director
Yu Jie Wei Chairman-Supervisory Board & Information Director
Chuan Zhu Wang Independent Director
Zhi Yang Xu Independent Director