02798 PER ENERGY
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PER ENERGY News
The net profit of the top three coal giants declined overall in the first three quarters, with the leader Shenhua seeing a double increase in net profit in the third quarter compared to the previous quarter. | Interpretations
①Affected by the downward trend of coal prices, the performance of coal listed companies in the first three quarters generally declined, but with differentiated performance in Q3; ②Regarding the future trend of coal prices, the industry generally believes that there is hope for a recovery after hitting the bottom, but the magnitude of the increase is limited.
Morgan Stanley Fund: What is the logic behind the rebound of coal?
morgan stanley fund stated in a publication that since late September, various national ministries and commissions have intensively proposed a series of measures to ease monetary policy, stabilize the stock market, and support the real estate market, greatly boosting market confidence.
citic sec: Coal prices are expected to remain stable, and the sector is expected to further rise.
The demand side benefited from the start of winter storage in the north, while the demand from non-power and station traders also remained stable, but compared to the strong pre-holiday inventory, there has been a slight weakening, resulting in some coal mines quoting slightly lower prices.
PER ENERGY: Interim Report 2024
gtja: The bottom of coal price in the second half of the year is expected to not break 800 yuan/ton, and the turning point is estimated to be in mid-September.
In the first half of 2024, the performance of dividend assets with a high proportion of long-term contracts continued to significantly outperform the industry. The performance pressure brought by the simultaneous decline in volume and price in the first half of the year has been released, determining that the bottom coal price in the second half of the year will not break 800 yuan/ton, and the turning point is expected in mid-September.
Per Energy (02798): Hongguo Coal Mine successfully obtained the safety production license for the revised expansion plan.
Per Energy (02798) announced that with the completion of the installation of all necessary mining machinery and equipment, the Hongguo coal mine...
Per Energy (02798.HK): Under the production license, the annual production capacity of the Hongguo coal mine has been increased to 1.2 million tons.
As of August 27th, Jiutai Bangda Energy (02798.HK) announced that with the installation of all necessary mining machinery and equipment completed, Hongguo Coal Mine successfully obtained the safety production permit issued by the Guizhou Provincial Energy Bureau for the revised expansion plan after joint trial operation on August 27, 2024. As of the date of this announcement, the annual production capacity of Hongguo Coal Mine under the production permit has been expanded from 600,000 tons to 1,200,000 tons. The directors believe that this expansion has increased the operating scale of Hongguo Coal Mine, which will bring significant economic benefits to the group.
Express News | Perennial Energy - Permitted Annual Production Capacity of Hongguo Coal Mine Increased From 600,000 Tonnes to 1.2 Mln Tonnes Under Permit
Express News | Perennial Energy - Permits for Revised Expansion Plan From Energy Bureau of Guizhou Province
Express News | Perennial Energy - Hongguo Coal Mine Obtained Safety Production Permits
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.
Perennial Energy Holdings' H1 Profit Surges 71% on Higher Revenue
Per Energy (02798.HK) had a half-year profit of approximately 258 million yuan, an increase of approximately 70.8% compared to the same period last year.
Per Energy (02798.HK) announced on August 16 that for the six months ending on June 30, 2024, the company's revenue was approximately RMB 86.82 million, an increase of approximately 34.1% year-on-year. The gross margin is approximately 55.4% (for the six months ending June 30, 2023: 48.9%), a year-on-year increase of approximately 6.5 percentage points. The total net profit and comprehensive income for the period was approximately RMB 25.76 million, an increase of approximately 70.8% year-on-year.
Express News | Perennial Energy Holdings H1 Gross Margin 55.4%
Express News | Perennial Energy Holdings H1 Gross Profit RMB 481 Million
Express News | Perennial Energy Holdings H1 Revenue RMB 868.2 Million
Express News | Perennial Energy Holdings H1 Net Income RMB 257.6 Million
PER ENERGY: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
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