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Huili Res (01303) announced its interim performance, with a net profit attributable to shareholders of 0.117 billion yuan, a year-on-year increase of 42.11%.
Huili Res (01303) announces its interim results for the six months ended June 30, 2024, with group income in RMB...
Express News | Huili Resources Group H1 Gross Profit RMB 129.6 Million
HUILI RES: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
Coal price rebound limited? Coal industry stocks fell sharply, and their performance encountered a Waterloo.
On August 21st, the coal sector as a whole fell. In the A-share market, Pingdingshan Tianan Coal Mining fell more than 3% due to lower-than-expected mid-year performance, while Huaibei Mining Holdings, Shanxi Coal International Energy Group, and Shanxi Lanhua Sci-Tech Venture all fell more than 2%.
CITIC Securities Research: Coal production in July fell slightly, and the peak of daily consumption may have already appeared.
Haitong Research believes that with the approaching off-season, downward pressure on coal prices may gradually appear, but Haitong Research believes that the downside support for coal prices still exists. In the short term, the expectation of a US interest rate cut and domestic economic pressure coexist, and the logic of stable and profitable coal remains dominant.
Coal prices under pressure, Pingdingshan Tianan Coal Mining's net profit in the first half of the year decreased by nearly 40% year-on-year. Interpretations of financial report.
①Affected by factors such as the decline in coal prices, Pingdingshan Tianan Coal Mining's net profit in the first half of the year decreased by nearly 40% year-on-year; ②The performance of other coal industry stocks was also under pressure in the first half of the year. Net profit of Jizhong Energy Resources and Shanxi Coking decreased by over 70% in the first half of the year.
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