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Anhui Hengyuan Coal Industry and Electricity PowerLtd's (SHSE:600971) Five-year Total Shareholder Returns Outpace the Underlying Earnings Growth
Anhui Hengyuan Coal Industry's H1 Profit Drops 32%
Anhui Hengyuan Coal Industry and Electricity Power Semi-Annual Report for 2024
Summary of 2024 H1 report for Anhui Hengyuan Coal Industry and Electricity Power.
Coal product prices decline. Anhui Hengyuan Coal Industry and Electricity Power's net profit in the first half of the year decreased by over 30% year-on-year. Quick announcement.
① Although the sales volume of commodity coal increased in the first half of the year compared to the same period, the coal prices decreased more year-on-year, leading to a more than 30% year-on-year decline in net profit for Anhui Hengyuan Coal Industry and Electricity Power in the first half of the year; ② The company stated that the coal market supply and demand have become more relaxed, with prices under pressure, leading to a situation of 'not booming in the peak season'.
Anhui Hengyuan Coal Industry and Electricity Power (600971.SH): Net income in the first half of the year was 758 million yuan, a year-on-year decrease of 32.14%.
On August 21, Hengyuan Coal and Electricity (600971.SH) announced its semi-annual report for 2024, with operating income of 3.893 billion yuan, a year-on-year decrease of 8.13%; net profit attributable to shareholders of the listed company was 0.758 billion yuan, a year-on-year decrease of 32.14%; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 0.77 billion yuan, a year-on-year decrease of 30.65%; basic earnings per share was 0.6321 yuan. During the reporting period, the company's raw coal, commodity coal production, and sales volume increased compared to the same period, but due to a significant decrease in coal prices compared to the same period, it affected...
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