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Green energy concept stocks are strong. Xinte Energy (01799) rose by 28.18%. Institutions believe that the earnings situation of green energy operators is expected to rebound from the bottom.
Jingu Wealth News | Green energy concept stocks were strong, Xinte Energy (01799) rose by 28.18%, Flat Glass (06865) rose by 11.97%, Goldwind Science & Technology (02208) rose by 5.64%, Xinyi Energy (03868) rose by 4.35%, CGN New Energy (01811) rose by 1.26%, ENN Energy (02688) rose by 1.21%. Huayuan Securities stated that on October 25th, the State Grid Corporation issued the "National Unified Electricity Market Development Plan Blue Book (Draft for Soliciting Opinions)" which provides a prospect and clear plan for the establishment of the national electricity market in China, planning for 2025.
[Brokerage Focus] Bocom Intl maintains a buy rating on ENN Energy (02688), with Q3 retail gas sales volume and gross margin in line with expectations.
Golden King Finance | Bocom Intl issued research reports, stating that enn energy (02688) released operating data for the third quarter, with a 5.5% year-on-year increase in retail gas volume and a gross gas margin of 0.54 yuan per cubic meter. Both retail gas sales volume and gross margin are in line with expectations. Currently, the company maintains guidance for a 5% increase in retail gas sales volume and a 10% increase in sector gross profit for the full year 2024. As for the renewable energy sector, sales volumes in the third quarter/the first nine months increased by 13%/21% year-on-year, and management expects heat sales to increase quarter-on-quarter in the fourth quarter of this year. With new projects contributing additional revenue, the company still expects the overall energy sales to basically achieve year-on-year growth.
ENN's Integrated Energy Sales Jump 21% in Nine Months to September
ENN Energy Holdings Expands Risk Prevention Services
ENN Energy Sees Growth in Integrated Energy and Gas Sales
ENN Energy (02688.HK) henry hub natural gas retail sales volume for the first three quarters was 18.819 billion cubic meters, a year-on-year increase of 4.8%.
On October 25, GruntHub announced that as of September 30, 2024, in the nine months, the group will seize key opportunities, based on the natural gas business, utilize asia vets innovative services to provide customers with multi-product value creation, achieve high-quality growth in various businesses, and continuously enhance user value through innovation. During the period of natural gas sales business, the group's retail sales volume of natural gas recorded 18.819 billion cubic meters, an increase of 4.8% year-on-year. Among them, sales volume to industrial and commercial users increased by 5.7% year-on-year to 14.843 billion cubic meters, while sales volume for residential gas also increased year-on-year.
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