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Shanxi Huayang Group Xinneng Co., Ltd. 2024 annual results forecast
Shan Xi Hua Yang Group New Energy (600348.SH): Expected net profit decrease of 58.83% to 51.49% in 2024.
On January 17, Glonghui announced that Shan Xi Hua Yang Group New Energy (600348.SH) released its annual performance forecast for 2024, expecting a Net income attributable to shareholders of the listed company to be between 2.133 billion yuan to 2.513 billion yuan, representing a year-on-year decline of 58.83% to 51.49%. It is anticipated that the Net income attributable to shareholders of the listed company, after excluding non-recurring gains and losses, will be between 2.043 billion yuan to 2.423 billion yuan, which is a year-on-year decline of 59.82% to 52.34%. During the reporting period, the company’s main Coal products production and sales were affected by safety production supervision in coal mines and a slowdown in market demand for Coal.
Shan Xi Hua Yang Group New Energy (600348.SH): Focus on promoting emergency power supply products that combine sodium batteries and sodium-lithium.
On December 23, Gelonghui reported that Shan Xi Hua Yang Group New Energy (600348.SH) stated on the investor interaction platform that the company has been dedicated to creating a full Industry Chain for Sodium-ion Batteries. The Cell products are primarily used in emergency power supplies, energy storage integrated products, electric two-wheelers, and Pack battery packs. The focus is on promoting Sodium-ion and sodium-lithium combined emergency power supply products, with the company’s coal mine emergency power supply as the flagship product, which has been installed and running in some coal mines and is being promoted for application in other coal mines. In the future, the company will continue to strengthen efforts in this field while simultaneously enhancing product research and development and market promotion.
Shanxi: Coal supply continues to recover in November, manufacturing investment maintains high growth.
From January to November 2024, the cumulative production of raw coal reached 4.322 billion tons, an increase of 1.20% year-on-year, with the growth rate declining compared to the same period in 2023. In November alone, the production of raw coal was 0.428 billion tons, an increase of 1.80% year-on-year, with the growth rate decreasing compared to the same month last year.
Huayang Group New Energy's Unit Enters Trial Operation
Shan Xi Hua Yang Group New Energy (600348.SH): Qiyuan Company has entered joint trial operation.
On December 16, Gelonghui reported that Shan Xi Hua Yang Group New Energy (600348.SH) announced that its wholly-owned subsidiary, Yangquan Coal Group Qiyuan Coal Industry Co., Ltd. (referred to as "Qiyuan Company"), will begin joint trial operation on December 15, 2024. Qiyuan Company covers an area of 207 square kilometers, with geological reserves of 2.026 billion tons, a designed production capacity of 5 million tons per year, and a service life of 140 years, primarily mining coal seams 8 and 15, supported by dedicated railroads and a coal washing plant. The Qiyuan Company project is a key provincial project, and it is of milestone significance in the high-quality development process of Shan Xi Hua Yang Group New Energy, as its launch will drive and promote the economy.
