XINXING DUCTILE IRON increases its risk exposure and slightly lowers to Neutral
XINXING DUCTILE IRON (CN), a company active in the Steel industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 2 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date February 25, 2022, the closing price was CNY 5.08 and its expected value was estimated at CNY 4.80.Xinxing Ductile Iron Pipes is engaged in the manufacture and sale of centrifugal cast ductile iron pipes, grey cast iron drainage pipes, new compound pipe materials, pipe fittings, casting products, machinery equipment and related products, coke and by-products, crude benzol, crude coal tar, chemical fertilizer sulfur ammonia for agriculture uses, oxygen equipment and related by-products include argon gas and nitrogen; smelting and processing steel and iron; sale of by-products and auxiliary materials for ductile cast-iron production process; and related provision of technology development, technology services, engineering design and construction.
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