Despite the decline in coal prices, the ability to generate revenue remains strong for China Shenhua Energy, which earned over 0.15 billion per day last year.| Interpretations
① Despite the decline in coal prices, "Coal King" China Shenhua Energy's ability to generate revenue remains strong, with an estimated Net income of 57 billion yuan to 60 billion yuan last year; ② Its revenue generation capacity surpasses Contemporary Amperex Technology (49 billion yuan - -53 billion yuan), second only to Kweichow Moutai (85.7 billion yuan).
The decline in Coal prices has dragged down China Shenhua Energy's expected Net income for 2024, which is estimated to decrease by 4.5% to an increase of 0.5% | Earnings Reports insights.
China Shenhua Energy stated that the group is actively responding to adverse effects such as the decline in Coal prices, maintaining stable and high production of Coal, ensuring smooth Transportation via major road and port channels, achieving integrated and efficient Operation, and meeting annual goals for Coal production and sales, as well as power generation Indicators.
Acquiring a power plant! Shaanxi coal industry plans to invest over 15 billion yuan in a major asset restructuring of Yunnan Yunwei, leading to a suspension of trading.| Read the announcement.
① Shandong coal industry with a market cap exceeding 240 billion yuan and the small market cap yunnan yunwei both announced in the evening that they will acquire stakes in electrical utilities; ② The former spent over 15 billion yuan to purchase approximately 88.65% of shaanxi coal industry electrical group; the latter is expected to constitute a significant assets restructuring, and stocks will be suspended from trading starting Monday.
50 billion Honghu Fund's new move: buy shares of Inner Mongolia Yili Industrial Group and Shaanxi Coal Industry, targeting high-quality large cap blue chip stocks.
China Life Insurance and New China Life Insurance jointly initiated the establishment of the 50 billion Honghu Fund, which appeared in the top ten shareholders list of Inner Mongolia Yili Industrial Group and Shaanxi Coal Industry, with shareholding ratios of 1.88% and 0.72% respectively. In terms of investment, Honghu Fund prefers to invest in high-quality large market cap blue chip stocks, especially stocks with high dividend yields.
Coal sales volume increased in the first three quarters, Beijing Haohua Energy Resource's revenue and net profit both increased year-on-year.|Interpretations
①Beijing Haohua Energy Resource's coal sales volume increased in the first three quarters, with revenue and net profit both growing by over 10% year on year; ②Industry insiders predict that coal prices will fall first and then rise in the future, but the extent of the increase will be limited.
Oil price decline dragging down, Sinopec's Q3 net profit plummeted by 52.1% year-on-year, CNOOC's revenue declined. | Financial Report Insights
Sinopec's net income in the third quarter dropped significantly, greatly reducing inventory income year-on-year due to the rapid decline in oil prices, as well as a slight narrowing of refining product gross profit; CNOOC's revenue declined year-on-year, but net production and net income increased significantly year-on-year, with significant cost advantages.
SpyderCall OP : @102640653
102640653 SpyderCall OP : If Shanghai market starts with bullishness trend it will definitely lend support to the hangseng index which had been hit quite badly in recent weeks. Hopefully the bullishness in Shanghai stands strong . Good luck
MonkeyGee : This is China's 2008!
102489169 : Agreed! Follow the trends. Invest $ that we understand, can afford to lose and know when to cut loss. Good advice.
股海踏浪 : Volume comes first before price. There was a time when a real big market didn't come out of a huge amount at the bottom? But now this amount is just a small rebound.