02623 ADD NEW ENERGY
- 0.720
- +0.030+4.35%
ADD NEW ENERGY News
ADD NEW ENERGY: Interim Report 2024
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.
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?
ADD NEW ENERGY: UNAUDITED INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
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.
Add New Energy Forecasts Mid-Year Loss
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.
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.
Express News | Add New Energy Investment Sees Decrease in Revenue by About RMB791 Mln in Hy
Express News | Add New Energy Investment Sees Loss of RMB16 Mln for Six Months
ADD NEW ENERGY: PROFIT WARNING
Add New Energy Eyes Interim Results and Dividend
Add New Energy (02623.HK) plans to hold a board of directors meeting on August 29 to approve its mid-year performance.
Add New Energy (02623.HK) announced that a board of directors meeting will be held on Thursday, August 29, 2024 to consider and approve the unaudited interim performance and declaration of interim dividends (if any) of the company and its subsidiaries for the six months ended June 30, 2024.
ADD NEW ENERGY: NOTICE OF BOARD MEETING
Steel companies are issuing warnings about a "severe winter"! The market cap of the world's four largest iron ore miners has evaporated by over 100 billion US dollars.
Many steel companies' predictions about the severe industry outlook have made several major international iron ore suppliers, who are upstream industries, begin to have a difficult time in recent days. Since the beginning of this year, the price of this key steelmaking raw material has fallen by more than one-third. The market capitalization of the "four major" global iron ore miners has evaporated by about 100 billion US dollars in total.
Add New Energy Unanimously Approves Major Asset Transfer
Add New Energy Investment Holdings' Subsidiary Disposes Assets Related to Yangzhuang Iron Mine
Add New Energy Plans Key Asset Transfer Vote
Add New Energy Sets EGM Date and Share Transfer Freeze
Huabao Securities: Blast furnace start-up increases compared to the low demand season, steel prices downward pressure.
In July, the terminal demand for steel is still greatly affected by seasonality, and the space for supply contraction is limited. It is expected that the steel price will continue to decline in July, and the short-term profit situation of steel companies may be difficult to improve significantly.
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