000908 CSI 300 Energy Index
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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
Ningde Times, China Shenhua, Muyuan Co., Ltd.... A number of A-share giants are forecasting annual results!
On the evening of January 30, a number of A-share listed companies announced their 2023 annual results forecasts. A few companies are happy and a few are sad. The Ningde Era expects net profit to increase by more than 30% over the same period last year, reaching 42.5 billion yuan to 45.5 billion yuan, with daily earnings exceeding 116 million yuan; China Shenhua's profit in 2023 will drop 9.9% to 14%, and the drop in coal prices will affect performance. Sluggish pig prices have caused most listed pig companies to report losses in 2023, and industry differentiation has intensified. Among them, Muyuan Co., Ltd. expects a net loss of 3.9 billion to 4.7 billion yuan in 2023, and a profit of over 13.2 billion yuan in 2022. The price of lithium carbonate fell sharply, with a decline of more than one year
PetroChina Reports Q3 Results
PetroChina Reports 1H Results
Yankuang Energy Group Company Goes Ex-dividend on Monday
China Shenhua Energy GAAP EPS of RMB 1.04, Revenue of RMB 87.04B
PetroChina GAAP EPS of RMB 0.82, Revenue of RMB 3239.17B
PetroChina, Cnooc Full-year Earnings Jump to Record
China Petroleum & Chemical Corporation Reports FY Results
China Petroleum & Chemical Corporation Reports Q3 Results
PetroChina GAAP EPS of RMB0.21, Revenue of RMB840.78B
Express News | China Petroleum & Chemical Corporation: 11.2 million shares were repurchased on September 23 at a repurchase price of HK $3.47-HK $3.59, at a total cost of about HK $39.848 million.
Express News | Credit Suisse: maintain China Petroleum & Chemical Corp's "neutral" rating target price to HK $4
PetroChina GAAP EPS of RMB0.45, Revenue of RMB1.6T
PetroChina shares are trading lower after the company announced it has notified the NYSE it will apply for the voluntary delisting of its American depositary shares on August 12, 2022.