Citic Sec: From 'having coal' to 'being capable', coal-electricity integration gains growth opportunities.

With the government relaxing its control on electricity prices, the overall net asset return of the "coal + electricity" sector has exceeded the market's average return. It is economically feasible to extend downstream power generation through the coal-electricity integration model relying on upstream resources.

Zhitong FinanceJul 16 21:18 ET

Two departments issued a plan for low-carbon transformation of coal-fired power, and coal-power integration received attention.

According to the website of the National Development and Reform Commission on July 15th, in order to coordinate the low-carbon transformation of existing coal-fired units and the construction of new low-carbon coal-fired units, improve the clean and efficient utilization level of coal, accelerate the construction of a clean, low-carbon, safe, and efficient new energy system, and help achieve the goal of carbon peak and carbon neutrality, the National Development and Reform Commission and the National Energy Administration recently issued the "Action Plan for Low-Carbon Transformation and Construction of Coal-Fired Power Plants (2024-2027)".

Zhitong FinanceJul 15 20:53 ET

Calculating The Fair Value Of Shougang Fushan Resources Group Limited (HKG:639)

Simply Wall StJul 11 22:57 ET

Shougang Res (00639): Jiang Lingen is appointed as the company secretary and authorized representative.

Zhītōng Cáijīng APP news, Shǒugāng Zīyuán (00639) announced that Mr. Wáng Chéngzhōng (Mr. Wáng) resigned as the company secretary (Company Secretary) from July 11, 2024 due to his personal career development in other fields, and will no longer serve as the authorized representative (Authorized Representative) of the company according to Rule 3.05 of the Listing Rules of the Hong Kong Stock Exchange. The Board of Directors is pleased to announce that Ms. Jiāng Lǐng'ēn (Ms. Jiāng) has been appointed as the Company Secretary and Authorized Representative, effective from July 11, 2024.

Zhitong FinanceJul 11 06:29 ET

China Shenhua issued a profit warning, expecting a decline in performance in the first half of the year.

Due to the downward trend of coal prices, China Shenhua (01088) issued a profit warning yesterday, with a downward trend in mid-term profits and a sharp drop in stock prices, falling by more than 6%, making it the worst-performing blue chip in intraday trading. The coal sector also fell as a whole, with Yankuang Energy (01171) falling 4.5% in early trading; its subsidiary Yancoal Australia (03668) fell 2.2%; China Coal (01898) fell 4.9%; Shougang Res (00639) fell 2.8%. The group stated that based on preliminary estimates, the mid-term profit as of the end of June is expected to be between 31.8 billion and 33.8 billion yuan, a year-on-year decrease of 8.4% to 13.8%.

金吾財訊Jul 10 08:26 ET

Hong Kong stock market changes | Coal industrial concept (coal industry) stocks lead the decline, Yankuang Energy (01171) fell more than 7% in intraday trading due to multiple factors leading to a decline in coal prices in the first half of the year.

According to the Zhitong Finance APP, coal stocks fell the most. As of press time, Yankuang Energy (01171) fell 6.67%, reporting 10.36 Hong Kong dollars; China Coal Energy (01898) fell 6.02%, reporting 8.28 Hong Kong dollars; China Shenhua Energy (01088) fell 5.64%, reporting 34.3 Hong Kong dollars; Shougang Res (00639) fell 4.05%, reporting 3.08 Hong Kong dollars. In terms of news, China Shenhua recently released a performance forecast, expecting a net income of the mother of 28.6-30.6 billion yuan in the first half of the year, a year-on-year decrease of 8.1%-14.1%. The decrease in net income may be mainly due to the decrease in the average selling price of coal.

Zhitong FinanceJul 10 02:09 ET