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Hong Kong stocks have fluctuated | Petroleum stocks opened lower collectively. The disturbance caused by tariff policies, along with OPEC+ increasing production, further drove oil prices down significantly.
Petroleum stocks opened lower collectively. As of the time of this report, CNOOC (00883) fell 10.52% to HKD 16.5; PetroChina (00857) fell 10.63% to HKD 5.63; KUNLUN ENERGY (00135) fell 7.07% to HKD 7.62; Sinopec (00386) fell 5.85% to HKD 3.86.
Oil Watcher Expects Crude Prices to Stay Rangebound for Next 6 Months at Least
Honghua Group Returns to 2024 Profit
HONGHUA GROUP (00196.HK) reported a net profit attributable to shareholders of 7.6 million yuan in 2024, turning a loss into a profit year-on-year.
On March 25, Gelonghui reported that HONGHUA GROUP (00196.HK) announced that in 2024, facing a complex and severe development situation, the group continues to promote the implementation of the "Leading Strategy", further enhancing its core competitiveness and achieving high-quality growth in operating performance. During the reporting period, the group recorded revenue of RMB 5.63 billion, an increase of 2.9% compared to the same period last year; the Net income attributable to shareholders of the parent company was RMB 7.6 million, a turnaround of RMB 0.394 billion compared to the same period last year. Earnings per share were RMB 0.08. The group continues to improve operational quality and further enhance profit levels during the reporting period.
Express News | Honghua Group FY Ebitda RMB 492 Million
Express News | Honghua Group FY Net Income RMB 5 Million
