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Express News | China Shenhua Energy Says Chairman Lv Zhiren Resigns Due to Retirement
Research Reports on Investment Opportunities丨GTJA: China Shenhua Energy's Q4 performance continues to lead the entire Industry, maintaining a 'Shareholding' rating.
The GTJA Research Reports pointed out that China Shenhua Energy (601088.SH) is expected to have a Net income of 58.671 billion yuan in 2024, a 1.7% decrease year-on-year; the Net income for Q4 is 12.597 billion yuan, up 10.26% year-on-year, exceeding market expectations. Coal production remains stable with an upward trend, and the acquisition of Hangjin Energy enhances long-term growth potential. Power generation is expected to slightly decline year-on-year in 2024, with performance in 2025 possibly better than market pessimistic expectations. It is believed that the long-term electricity prices for coal-fired power in 2025 will largely be established, with significant declines in Jiangsu and Guangzhou, while other regions across the country are expected to fare better than market forecasts.
Hong Kong stocks move | The increase in Coal Industrial Concept(coal Industry) stocks has expanded in the afternoon. Institutions state that the Industry's fundamentals are expected to enter an upward trajectory and the Bearish factors will gradually weak
The Coal Industrial Concept's gains expanded in the afternoon. As of the time of writing, CHINA QINFA (00866) rose by 5.68%, priced at 0.93 HKD; China Shenhua Energy (01088) increased by 3.03%, priced at 32.3 HKD; China Coal Energy (01898) climbed by 0.74%, priced at 8.18 HKD.
Huafu Securities: Coal prices are bottoming out, combined with China Shenhua Energy (601088.SH) increasing dividends, the Sector's outlook is more optimistic.
After the festival, the resumption of coal production has accelerated, supply has increased rapidly, heating demand is gradually declining, and the recovery progress outside of electricity is generally slow. During the off-peak season, coal prices have continued to adjust but have already entered the bottom area.
China Shenhua Energy's 2024 Attributable Profit Slides 3%
China Shenhua: China Shenhua 2024 Annual Report
