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Meijin Energy: 2024 Annual Results Forecast
Shanxi Meijin Energy (000723.SZ): Expected loss of 0.8 billion to -1.15 billion yuan in 2024.
Gelonghui, January 21, Shanxi Meijin Energy (000723.SZ) announced that it is expected to incur a loss of 800 million to -1150 million yuan in 2024, with a non-recurring loss of 850 million to -1200 million yuan. During this reporting period, the company's performance declined mainly due to the overall downward trend in market prices of coal and coke in China, and affected by the downstream steel market industry, the revenue and net income were lower than the same period last year. The company will closely monitor changes in the market environment, actively organize production operations, and, according to the company's global strategy, promote the upgrading of the coal and coke industry and the construction of hydrogen energy projects.
Is Shanxi Meijin EnergyLtd (SZSE:000723) Using Debt In A Risky Way?
Shanxi Meijin Energy (000723.SZ): plans to postpone the "Lanzhou Meijin New Energy Co., Ltd. 14,000 Nm3/h blast furnace gas hydrogen production project" to December 2025.
Gelonghui reported on December 30 that Shanxi Meijin Energy (000723.SZ) announced that the timeline for the "Luanzhou Meijin New Energy Co., Ltd. 14,000Nm3/h coke oven gas hydrogen production project" to reach the scheduled usable status is postponed from December 2024 to December 2025.
Not Many Are Piling Into Shanxi Meijin Energy Co.,Ltd. (SZSE:000723) Just Yet
Shanxi Meijin Energy (000723.SZ): has not yet entered or planned to enter the field of hydrogen energy passenger vehicles.
On November 28, Gelonghui reported that Shanxi Meijin Energy (000723.SZ) stated on the investor interaction platform that its vehicle manufacturing company has the qualification to produce new energy commercial vehicles and has not yet entered or planned to enter the hydrogen energy passenger vehicle sector. Analyzing the characteristics of fuel cell vehicles and the direction encouraged by the notification jointly issued by five ministries and commissions regarding the demonstration application of fuel cell vehicles, it is concluded that fuel cells are currently more suitable for the commercial vehicle sector. In the future, the focus of research and production of hydrogen energy vehicles will still be on buses, logistics vehicles, heavy trucks, and other commercial vehicles.
The Past One-year Earnings Decline for Shanxi Meijin EnergyLtd (SZSE:000723) Likely Explains Shareholders Long-term Losses
