ADD NEW ENERGY News

The trend of steel companies becoming more "outward" is significant, with steel exports exceeding 100 million tons, setting an eight-year record high.

① Due to the continuous decline in domestic Steel consumption, companies in the Steel Industry Chain are focusing on overseas markets as a key area for development. This year, steel exports exceeded 100 million tons, reaching a new high in eight years. ② Under policy guidance, the proportion of exports of medium to high value-added products has increased, showing a trend of change in the overall structure of domestic Steel exports from long products to flat products.

cls.cnDec 10 00:39 ET

The steel industry has faced downward pressure for three years; under the new cycle, calls for "production cuts" are increasing, and there is a need for "synchronous resonance" to respond to challenges and opportunities.

① The steel industry has been declining for three consecutive years, with the market experiencing a negative feedback cycle. It is expected that the apparent consumption of crude steel will be about 0.9 billion tons in 2024, and demand may continue to decline in 2025. The industry is facing various challenges and continues to move forward under pressure while actively seeking new development opportunities; ② "My Steel" predicts a 3% increase in steel for machinery in 2025, a 1.5% increase for autos, a 6.4% increase for shipbuilding, a 2.8% increase for home appliances, and a 5.5% increase for energy.

cls.cnDec 9 04:19 ET

Iron Ore Edges Up on Strong Steel Exports, Profit Margins -- Market Talk

WSJDec 1 21:31 ET

Brokerage Morning Meeting Highlights: The historical bottom of real estate stock valuation may have been established.

At today's brokerage morning meeting, China Securities Co.,Ltd. proposed supply-side optimization, suggesting to focus on industries such as steel, photovoltaic, cement, coal, and rare earths; htsc stated that domestic sales of household appliances are improving with stable exports, focusing on two major themes for the year 2025; China International Capital Corporation believes that the historical bottom of real estate stock valuation may have been established.

cls.cnNov 18 19:13 ET

China Securities Co., Ltd.: Real estate policies drive a recovery in the steel industry, with crude steel monthly production rebounding for the first time since June.

From January to October, domestic pig iron production was 715.11 million tons, a year-on-year decrease of 4%; crude steel production was 850.73 million tons, a year-on-year decrease of 3%; steel production was 1164.84 million tons, a year-on-year increase of 0.5%. In October, pig iron and crude steel production grew by 1.4% and 2.9% respectively, marking the first rebound since June.

Zhitong FinanceNov 17 20:16 ET

In the third quarter, the loss amount is close to the annual level of last year. How to solve the "dilemma" of the steel industry? Suggestions from the industry recommend actively reducing production.

①In the third quarter, the losses in the steel industry worsened, with 21 out of 27 listed steel smelting companies experiencing losses, totaling over 14.5 billion yuan, with the total quarterly loss amount almost approaching that of the entire previous year. ②Industry experts believe that the main reason for the losses is the overcapacity in the steel industry itself, poor industry self-discipline, failure to actively limit production, oversupply of products, continuous decline in steel prices, slow decrease in raw material prices, and severe industry profit compression.

cls.cnOct 31 10:59 ET

Reorganization bullish boosts Hong Kong steel stocks! chongqing iron & steel soars nearly 38%, leading the market.

①How do institutions view the restructuring of the steel industry? ②How do institutions view the subsequent performance of the steel industry at present?

cls.cnOct 28 00:57 ET

add new energy [02623] is now trading at 0.69 Hong Kong dollars, a decrease of 12.66%.

As of 14:11, Guoxing New Energy [02623] reported HK$0.69, a decrease of HK$0.1 or 12.66% from the previous closing price of HK$0.79, with a turnover of HK$0.0055 million. Today's highest price was HK$0.69, and the lowest price was HK$0.69. Based on yesterday's closing price calculation, the 10-day average price is HK$0.72, and the 50-day average price is HK$0.77. The current P/E ratio is 4.38 times, and the 14-day relative strength index is 48.39.

Jingu Financial NewsOct 25 02:11 ET

China Galaxy Securities: Policy-driven stable growth, industry supply and demand are expected to marginally improve, catalyzing a rebound in steel prices.

The central meeting releases a resolute signal to stabilize growth, and steel, as a low-level pro-cyclical variety, is expected to benefit fully, with excess returns expected.

Zhitong FinanceOct 24 02:31 ET

ADD NEW ENERGY: Interim Report 2024

HKEXSep 30 04:38 ET · Announcements

HK stock unusual movement | Steel stocks rallied at the close, positive policy changes driving expectations for improvement. Market cap management guidelines are expected to stimulate sector recovery.

Steel stocks rallied in the final trading session. As of press time, maanshan iron (00323) rose by 10.1% to HKD 1.09; angang steel (00347) rose by 8.26% to HKD 1.31; chongqing iron (01053) rose by 6.35% to HKD 0.67; china oriental (00581) rose by 5.5% to HKD 1.15.

Zhitong FinanceSep 26 03:26 ET

Who is the main player in the csi commodity equity index in the fourth quarter? Wait patiently for the "landing" of the Fed rate cut.

Can gold continue to lead the way? Will crude oil, iron ore, and other big losers be able to turn the tide?

wallstreetcnSep 18 02:06 ET

ADD NEW ENERGY: UNAUDITED INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024

HKEXAug 29 10:01 ET · Announcements

CITIC Securities: Steel prices fluctuate and seek the bottom, waiting for demand to recover.

Currently, as we approach the end of August, whether the demand will improve in the later period will be the key to whether steel prices will stop falling and rebound, given the significant reduction in production in steel mills.

Zhitong FinanceAug 27 05:04 ET

Add New Energy Forecasts Mid-Year Loss

TipRanksAug 21 06:42 ET

addin new energy (02623.HK) is expected to incur a mid-term loss of approximately 16 million yuan.

GraceOn August 21st, Add New Energy (02623.HK) announced that the company expects to record a loss of approximately 160 million yuan for the six months ending June 30, 2024, while the profit for the same period last year was about 330 million yuan. The loss is mainly attributed to the drastic fluctuation in material prices, which led to a slowdown in trading activities in the second half of 2023, coupled with a brief delay in processing orders received in the first few months of 2024, resulting in a revenue decrease of approximately 791 million yuan. This in turn led to a decrease in gross profit of around 63 million yuan, with part of it being income from the sale of exploration rights for the Gaozhuang Shangyu Titanium Iron Mine.

Gelonghui FinanceAug 21 06:37 ET

Add New Energy (02623) issued a profit warning, expecting a loss of approximately 16 million yuan in the middle term, a year-on-year change from profit to loss.

Add new energy (02623) announced that the group is expected to incur a loss for the six months ending June 30, 2024.

Zhitong FinanceAug 21 06:36 ET

Express News | Add New Energy Investment Sees Decrease in Revenue by About RMB791 Mln in Hy

ReutersAug 21 06:35 ET

Express News | Add New Energy Investment Sees Loss of RMB16 Mln for Six Months

ReutersAug 21 06:34 ET

ADD NEW ENERGY: PROFIT WARNING

HKEXAug 21 06:33 ET · Announcements