Under the dual pressure of intensified losses in the main coking business and continuous decline in coal prices, Shanxi Coking Coal Energy Group's net profit has decreased by 80% | Interpretation of financial reports
Due to the worsening losses in the main coking business and the continuous decline in coal prices, the net income of Shanxi Coking in the first half of the year decreased by 80%; In the first half of the year, China Coal Huajin contributed investment income of 1.348 billion yuan to the company, a decrease of 24.48% compared to the same period last year.
The coal price has fallen, and China Coal Energy's net profit in the first half of the year has declined year-on-year, but it still reached nearly 10 billion yuan. (Interpretation of financial report)
① China Coal Energy, a leading coal company with a total market value of over 170 billion yuan, achieved a net profit of 9.788 billion yuan in the first half of the year, a decrease of nearly 20% year-on-year; ② The company will distribute cash dividends to shareholders at 30% of the net profit attributable to shareholders, with a dividend of 0.221 yuan per share.
Drone made of carbon fiber is speeding up the commercialization of low-altitude economy, enabling delivery of medicine and transportation of seafood. | Firsthand
①As of the end of June, Fengyi drones have accumulated nearly a million flights, transporting over 4.2 million items, with a total flight distance of nearly 5 million kilometers; ②The East China drone base has introduced approximately 38 industry chain enterprises covering manufacturing, applications, and other types, with a total planned investment of 3.33 billion yuan; ③ Currently, sinopec shanghai petrochemical has a production capacity of 1500 tons/year of small tow carbon fiber and 6000 tons/year of large tow carbon fiber.
AH trends diverge, Hang Seng Index up 0.6%, CNOOC up 4%, national bond futures slightly rebound.
Rare earth permanent magnets concept stocks pull back, photovoltaic and lithography themes also weaken. Hong Kong's real estate, banks, and oil & gas stocks are strong, CNOOC up 4%, Agricultural Bank of China and China Merchants Bank rise more than 2%. After experiencing a sharp drop yesterday, national bond futures rebounded in early trading, with 10-year and 30-year national bond futures contracts rising nearly 0.1% in early trading.
Coal stocks fell in Q1, China Shenhua's revenue increased slightly, and profit fell 14% year on year | Financial News
The first quarter results of coal stocks were poor, and China's Shenhua, the “leading coal and electricity company,” was no exception. Profits fell 14% in the first quarter. On Friday, China's Shenhua released its financial report for the first quarter of 2024. The financial report showed that China Shenhua achieved revenue of 87.647 billion yuan, a slight increase of 0.7% year on year; current profit attributable to the company's owners was 17.760 billion yuan, down 14.1% year on year, mainly due to falling coal prices; and net cash inflow from operating activities was 28.553 billion yuan, a slight year-on-year decline. Judging from the main operating indicators, in the first quarter of 2024, China Shenhua produced 81.3 million commercial coal
PetroChina Reports FY Results