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Huaibei Mining Holdings Co.,Ltd.'s (SHSE:600985) Low P/E No Reason For Excitement
Huaibei Mining Holdings (600985.SH): Currently, the production and operation situation is normal, and there are no reduction plans.
Glory Holdings reported on January 15 that Huaibei Mining Holdings (600985.SH) stated on the interactive platform that the company's current production and operation status is normal, and there are no plans for production cuts. The main profit growth points for the company in 2025 include: first, the further release of production capacity for projects such as the annual production of 0.6 million tons of anhydrous ethanol and 0.1 million tons of DMC; second, the deep utilization of coke oven gas (main products include 0.251 billion standard cubic meters of liquefied natural gas and 0.608 billion standard cubic meters of hydrogen-rich gas), with the annual production of 0.03 million tons of carbonate and 0.028 million tons of ethylamine projects being put into operation successively; third, the construction of seven non-coal mines will be completed successively in 2024, adding 16.4 million tons of limestone production capacity.
Huaibei Mining's Unit Starts Production of Anhydrous Ethanol Plant
Huaibei Mining Holdings (600985.SH): Subsidiary company reissued "Production Safety License".
Gelonghui reported on January 7 that Huaibei Mining Holdings (600985.SH) announced that its subsidiary, Anhui Carbon Xin Technology Co., Ltd. (hereinafter referred to as "Carbon Xin Technology"), has entered the trial production phase for its "0.6 million tons per year Anhydrous Ethanol Project" starting from December 28, 2023. For more details, please refer to the company's announcement on the Shanghai Exchange website on December 29, 2023, regarding the trial production of the 0.6 million tons/year ethanol production facility. Recently, Carbon Xin Technology completed the acceptance checks for the "0.6 million tons per year Anhydrous Ethanol Project" regarding construction completion, safety, energy conservation, eco-friendly concept, fire protection, etc., and received the reissuance of the "Safety Production License" from the Anhui Provincial Emergency Management Department.
Investors Could Be Concerned With Huaibei Mining HoldingsLtd's (SHSE:600985) Returns On Capital
Huaibei Mining Holdings (600985.SH) controlling Shareholder has increased its Shareholding in the company by 2.294 million shares.
Huaibei Mining Holdings (600985.SH) announced that the company's controlling shareholder Huaibei Mining (Group) Co., Ltd. (...)
Capital Allocation Trends At Huaibei Mining HoldingsLtd (SHSE:600985) Aren't Ideal
