Hong Kong stocks have seen a different trend, with most coal industrial concept (coal industry) stocks falling. The continuous rainfall has affected the expected peak-season coal prices, and short-term coal prices are expected to remain weak.

Coal industry stocks have generally fallen. As of press time, Nan Nan Res (01229) fell by 7.36%, reporting a price of HK$0.151; China Shenhua Energy (01088) fell by 3.52%, reporting a price of HK$35.9; Shougang Res (00639) fell by 2.88%, reporting a price of HK$3.03.

Zhitong FinanceJun 26 22:27 ET

Coal industry stocks mostly declined in Hong Kong stock market due to weak demand and running with weakness. Daily consumption of power plants is expected to support coal prices.

According to the report from the China Finance App, most coal industrial concept stocks fell. As of press time, Nan Nan Res (01229) fell 4.85% to HKD 0.157, Yankuang Energy (01171) fell 3.9% to HKD 11.24, China Coal Energy (01898) fell 3.28% to HKD 9.13, and Shougang Res (00639) fell 1.9% to HKD 3.1. In terms of production, the Yulin area saw a slight decline in prices, and although there is an expected contraction in supply in the latter half of the month, due to sustained weak demand, there is a build-up of pithead inventory. The Ordos region is affected by weak demand and external purchases.

Zhitong FinanceJun 26 01:42 ET

Nan Nan Resources Turns to Profit in Fiscal 2024

Nan Nan Resources (HKG:1229) booked a profit attributable to owners of about HK$39.1 million for the year ended March 31, 2024, against a loss attributable to the owners of around HK$58.3 million for

MT NewswiresJun 24 03:19 ET

Nan Nan Res (01229.HK) turned its annual loss into a profit of HK$37.697 million.

On June 21st, Global Link Education International (01229.HK) announced that for the fiscal year ending March 31, 2024, the Group recorded revenue of approximately HKD 116 million, a 51.61% decrease compared to last year. The Group had a net surplus of approximately HKD 37.697 million (in 2023: a loss of approximately HKD 59.038 million), which was converted from a loss to a profit, an increase of about HKD 96.735 million from last year. The earnings per share were 5.11 HK cents. In recent years, the company has increased investment in Kainyuan Company (as defined below) in accordance with government regulations, obtained local government recognition, and provided important foundations to increase production capacity. The Group will continue to

Gelonghui FinanceJun 21 10:42 ET

NAN NAN RES: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2024

Hong Kong Stock ExchangeJun 21 10:35 ET · Announcements

Nan Nan Resources to Return to Profit in Fiscal 2024; Shares Zoom 32%

Nan Nan Resources Enterprise (HKG:1229) expects to record a profit after taxation of HK$36 million for the fiscal year ended March 31, compared with an after-tax loss of about HK$59 million in the pre

MT NewswiresJun 20 02:39 ET