CITIC Pacific Special Steel Group Co Ltd
SZSE:000708
CITIC Pacific Special Steel Group Co Ltd's latest stock split occurred on Apr 30, 2020
The company executed a 1-for-1 stock split, meaning that for every share held, investors received 1 new share.
Before the split, CITIC Pacific Special Steel Group Co Ltd traded at 28.5399 per share. Afterward, the share price was about 14.3846.
The adjusted shares began trading on Apr 30, 2020. This was CITIC Pacific Special Steel Group Co Ltd's 2nd stock split, following the previous one in Aug 15, 1997.
WTO
CITIC Pacific Special Steel Group Co Ltd
Glance View
CITIC Pacific Special Steel Group Co Ltd., a powerhouse nestled within China's colossal industrial landscape, stands as the nation's largest manufacturer of special steel. Emerging from the CITIC Group, this subsidiary is a testament to China's drive towards high-quality manufacturing and innovation. The company's essence lies in its vertically integrated operations, stretching from raw material procurement to steel production and distribution. Through advanced technological prowess and a keen eye for efficiency, CITIC Pacific Special Steel specializes in producing high-grade steel products that are pivotal across various industries, including automotive, energy, and machinery manufacturing. This specialization is not just about mass production but delivering tailor-made steel solutions that cater to the nuanced demands of its diverse clientele. At the core of CITIC Pacific's business model is its ability to leverage economies of scale while maintaining stringent quality control measures. Its extensive manufacturing plants are equipped with state-of-the-art technology, allowing the company to maximize productivity and minimize waste. Revenue streams are primarily driven by sales of its specialty steel products, which have increasingly found their way into high-end markets, driven by global infrastructure growth and industrial modernization. Additionally, the company's strategic investments in research and development ensure that it stays ahead of industry trends, continuously innovating to improve product quality and production efficiency. As global markets continue to demand more specialized and high-performance materials, CITIC Pacific Special Steel stands poised to maintain its leadership position, navigating the complexities of the steel industry with a blend of traditional Chinese enterprise acumen and modern industrial ingenuity.
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