Does Shanxi Lanhua Sci-Tech VentureLtd (SHSE:600123) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you

Simply Wall StJul 11 22:06 ET

Shanxi Lanhua Sci-Tech Venture's performance in the first half of 2024 is expected to decrease.

Sensex a shareJul 9 12:00 ET · Announcements

Shanxi Lanhua Sci-Tech Venture (Stock Code: 600123.SH) expects a decline in net income of 58.88% to 63.29% in the first half of the year.

On July 9th, Gelon Hui reported that Shanxi Lanhua Sci-Tech Venture (600123.SH) released its semi-annual performance forecast for 2024. Preliminary measurements by the company's financial department show that the net income attributable to owners of the parent company for the first half of 2024 is expected to be between 500 million yuan and 560 million yuan. Compared with the same period of last year, which was 1.362 billion yuan, it will decrease by 0.802 billion yuan to 0.862 billion yuan, a year-on-year decrease of 58.88% to 63.29%. It is expected that the net income attributable to owners of the parent company, after deducting non-recurring gains and losses, will be between 500 million yuan and 560 million yuan for the first half of 2024, a decrease of 7% compared with the same period of last year, which was 1.337 billion yuan.

Gelonghui FinanceJul 9 04:07 ET

Changjiang Securities: Focus on the second half of the peak season for power plants in August and September, and the resonance period of non-power peak season in October and November.

Zhì tōng cáijīng APP learned that Changjiang Securities released a research report stating that in the first half of 2024, domestic supply will continue to be constrained by safety supervision, and imports will continue to grow but their contribution will remain limited. In the first half of the year, the key lies in the fact that the demand side shows characteristics of being modest during both peak and off-peak seasons. Looking to the second half of the year, the fundamentals are stable and improving, coupled with current port inventories that are difficult to describe as abundant. It is expected that coal prices will be more likely to rise than fall in the second half of the year, with a focus on the period when non-electric peak season demand resonates with the period from the second half of August through to September, and the traditional peak period for non-electric demand from October to November. Taking into account the lifting of the coal price floor in 2024, the supply and demand of coal are expecte

Zhitong FinanceJul 1 03:50 ET

Shanxi Lanhua Sci-Tech Venture (600123.SH) has cumulatively repurchased 1 million shares.

On July 1st, Gelunhui reported that Shanxi Lanhua Sci-Tech Venture (stock code: 600123.SH) has repurchased a total of 1 million shares through centralized bidding trading by June 30, 2024, accounting for approximately 0.0673% of the total share capital of the company. The highest repurchase price was RMB 9 per share, the lowest price was RMB 8.81 per share, and the total transaction amount was RMB 8,883,480 (excluding transaction fees such as transaction commissions).

Gelonghui FinanceJul 1 03:46 ET

Shanxi Lanhua Sci-Tech Venture (600123.SH): First repurchase of 850,000 shares.

On June 26th, Glorious Sun (Shanxi Lanhua Sci-Tech Venture, 600123.SH) announced that on June 26th, 2024, the company repurchased 850,000 shares of stock by means of centralized bidding trading through the Shanghai Stock Exchange trading system, accounting for 0.0572% of the company's total share capital of 1.48512 billion shares. The highest and lowest repurchase prices were 8.99 yuan per share and 8.81 yuan per share, respectively. The total amount paid was RMB 7,540,914 (excluding transaction commission and other transaction costs), and this repurchase meets the requirements of relevant laws and regulations and the company's repurchase plan.

Gelonghui FinanceJun 26 04:37 ET