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  • Apr 18, 2014
  • Updated: 11:34am

Luoyang Glass

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Monday, 30 June, 2008, 12:00am

New owner for glass firm

Luoyang Glass, an unprofitable mainland glassmaker, said the controlling stake held by its parent firm had been transferred to a state-owned construction material supplier amid the company's arbitration to retrieve 610 million yuan.

6 Apr 2007 - 12:00am

Heavy loss threatens to overwhelm glassmaker

Luoyang Glass yesterday reported an accumulated loss of 969 million yuan and net current liabilities of 498 million yuan last year, raising concerns about the group's ability to continue trading.

27 Apr 2006 - 12:00am

LOSS AT LUOYANG GLASS

H share Luoyang Glass has posted a net loss of 342.44 million yuan (about HK$320.93 million) for last year, compared to a net profit of 9.86 million yuan in 2001. An operating loss of 342.46 million yuan was recorded last year. Turnover edged up 1.16 per cent to 822.8 million yuan.

30 Apr 2003 - 12:00am

Luoyang outlines plan to create global glass giant

H share Luoyang Glass hopes the four big state-owned asset management companies (AMC) will consolidate their equity holdings in various manufacturers to create one of the world's biggest float glass makers.

The proposal promised to help ease the glass glut and tap economies of scale, said chairman Guo Xiaohuan.

18 Apr 2001 - 12:00am

Strong price rises boost glass-maker

Luoyang Glass could see stronger earnings growth this year, bolstered by recovering product prices, improving profit margins and rising exports, according to executives.

The H share recorded its first net profit in three years of 56.16 million yuan (about HK$52.22 million) for the 12 months to December 31.

6 May 2000 - 12:00am

Luoyang Glass in the red with $208m in losses

Battered by sharply reduced product prices and oversupply, H share Luoyang Glass Co plunged into the red last year with net losses of 223.44 million yuan (about HK$208 million).

The float glass maker saw its losses balloon in the second half, against its interim losses of 45.11 million yuan.

25 Apr 1998 - 12:00am

Luoyang Glass reports net loss

H-share company Luoyang Glass, which has seen its shares nearly double in the past two weeks, yesterday announced a net loss of 45.11 million yuan (about HK$41.9 million) for the six months to June 30, blaming falling product prices and excess supply.

25 Aug 1997 - 12:00am

Yaohua to benefit from glass price rises

Sino-British joint venture Shanghai Yaohua Pilkington Glass Co says it will benefit from moves by a cartel of Chinese state-owned glass-makers to raise prices, even though it is not part of the alliance.

20 Sep 1996 - 12:00am

Doubts over ability of cartel to halt slump

Analysts have questioned whether a cartel of Chinese float glass manufacturers will succeed in halting a slide in prices that is crimping profits in the sector.

H-share Luoyang Glass Co is leading the alliance with 21 other glass-makers that together account for about 80 per cent of China's float glass.

31 Aug 1996 - 12:00am

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