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CHINA QINFA (00866.HK) profit alert: Expected after-tax profit for 2024 is not more than 0.56 billion yuan.
Gelonghui March 10丨CHINA QINFA (00866.HK) announced that the group expects to record a post-tax profit of no more than RMB 0.56 billion for the fiscal year ending December 31, 2024, while the post-tax profit for the fiscal year ending December 31, 2023, is approximately RMB 0.192 billion. The expected increase in post-tax profit is mainly due to the net effects of the following items: (i) increase in net income from significant/non-significant amendments; (ii) decrease in average Coal prices; and (iii) impairment losses of properties, plants, and equipment as well as Coal mining rights due to the decrease in average Coal prices.
Express News | China Qinfa Group Ltd - Profit Increase Due to Gain on Borrowings Modification and Coal Price Decrease in FY
Express News | China Qinfa Group Ltd - Expects 2024 Profit After Taxation of up to RMB560 Mln
CHINA QINFA: POSITIVE PROFIT ALERT
Hong Kong stocks are moving differently | Coal Industrial Concept(coal Industry) stocks are generally rising, with China Shenhua Energy up about 2%. Institutions indicate that after the release of risks in the coal Industry, it is regaining allocation val
Hong Kong stocks of the Coal Industrial Concept showed an upward trend against the odds, with MONGOLIA ENERGY and SOUTHGOBI rising more than 3%, YANKUANG ENERGY, YANCOAL AUS, and CHINA QINFA increasing by 2.4%, and China Coal Energy and China Shenhua Energy rising nearly 2%.
Guosheng Securities: The current decline in coal prices may be nearing its end, emphasizing the opportunity for left-side layout.
Guosheng Securities expects that the decline in Coal prices will significantly slow down or even stop in the latter half of next week.
Insiders Of China Qinfa Group Are Up 172% On Their CN¥9.68m Purchase
