600989 Ningxia Baofeng Energy Group
- 16.84
- -0.01-0.06%
Ningxia Baofeng Energy Group News
Ningxia Baofeng Energy Group Co., Ltd.'s (SHSE:600989) Subdued P/E Might Signal An Opportunity
China Galaxy Securities: Oil prices remain stable, focusing on the growth of the petrochemical sector.
Currently, the petrochemical industry has a high level of ongoing projects. As the effects of policy stimulus gradually become evident, end consumer demand may see some improvement, but the industry's existing capacity and ongoing capacity will still require time to be digested.
Founder Securities: The reversal of the chemical industry is likely near, Bullish on the opportunities for layout on the left side of the cycle.
The Global economy in the Industry has been in a downturn and has dragged on until now, with high prices of oil and coal causing profits in the industry to shift upstream, and the profitability level of bulk chemicals has reached a historical low.
Ningxia Baofeng Energy Group (600989.SH): The decline in coal prices has improved the price spread of the company's products.
On December 24, Gelonghui reported that Ningxia Baofeng Energy Group (600989.SH) stated on an interactive platform that coal prices have shown a downward trend recently. As of December 20, the Quote for Inner Mongolia ERDOS Resources Q6000 at the pit was 680 yuan/ton, a decrease of 60 yuan/ton compared to the previous period, a drop of 8.11%; the Quote for Shaanxi Yulin Q5500 at the pit was 575 yuan/ton, a decrease of 40 yuan/ton compared to the previous period, a drop of 6.5%; the Quote for Shanxi Datong Q5600 at the pit was 595 yuan/ton, a decrease of 60 yuan/ton compared to the previous period, a drop of 9.16%. The cost of raw coal accounts for about half of the total cost of olefins, so the drop in coal prices will improve the price spread of the company's products.
Ningxia Baofeng Energy Group (600989.SH): Production and sales in the fourth quarter are in a normal full production and full sales state.
Gelonghui December 24 - Ningxia Baofeng Energy Group (600989.SH) stated on the interactive platform that the company's production and sales in the fourth quarter are at a normal full production and sales level, and the specific data on product exports year-on-year will be disclosed in the company's 2024 annual report.
Is Ningxia Baofeng Energy Group (SHSE:600989) A Risky Investment?
China Silver Securities: Oil prices are running at a medium to high level, focusing on opportunities with growth certainty.
Currently, the petrochemical industry has a high level of ongoing projects. As the effects of policy stimulus gradually become evident, end consumer demand may see some improvement, but the industry's existing capacity and ongoing capacity will still require time to be digested.
Is Ningxia Baofeng Energy Group Co., Ltd.'s (SHSE:600989) Stock's Recent Performance A Reflection Of Its Financial Health?
Guosheng Securities: The likelihood of oil price fluctuations will increase in 2025, and the petrochemical sector is expected to welcome global strategy-level configuration opportunities.
Therefore, before the stabilization of the global macroeconomic situation in the mid-term, oil prices may be suppressed by expectations of a downturn for a certain period of time.
Ningxia Baofeng Energy Group (600989.SH) intends to acquire the Baofeng Yunen steam comprehensive pipeline project and related assets for a price of 0.492 billion yuan.
Ningxia Baofeng Energy Group (600989.SH) announced that the company plans to acquire Ningxia Baofeng Yuneng Technology Co., Ltd. (referred to as "Baofeng...
Express News | Baofeng Energy Plans to Buy Pipeline Project, Related Assets for 492 Mln Yuan
东海证券: The petrochemical cycle has reached the bottom, and left layout is just right.
Generally, because the cycle of U.S. dollar repatriation has a significant impact on the global economy, the Federal Reserve starting a rate-cutting cycle often indicates the bottom of a petrochemical cycle.
Ningxia Baofeng Energy Group Achieves Stable Operations at Inner Mongolia Olefin Project
Private Companies Are Ningxia Baofeng Energy Group Co., Ltd.'s (SHSE:600989) Biggest Owners and Were Hit After Market Cap Dropped CN¥4.9b
Ningxia Baofeng Energy Group (600989.SH): Currently in a state of full production and sales.
Gelonghui November 15th | Ningxia Baofeng Energy Group (600989.SH) stated on the interactive platform that currently the main product prices and raw material prices have slightly increased compared to the third quarter, and the price difference between products and raw materials has slightly improved. Currently, the production is at full capacity and fully sold.
Test test test.
Gelonghui November 4th | Ningxia Baofeng Energy Group (600989.SH) announced that since the company decided to carry out this refinancing, the company has actively and orderly promoted relevant work with intermediary institutions, and strictly followed the requirements of relevant laws, regulations, and normative documents to fulfill the decision-making procedures and information disclosure obligations. Currently, the projects to be constructed with the proceeds from this fundraising have been basically completed with self-owned and self-raised funds. Taking into account the company's project construction progress and overall development plan, after comprehensive assessment by the company and full communication with relevant parties, the company has decided to terminate the issuance of stocks to specific targets in 2023 and withdraw the application.
Ningxia Baofeng Energy Group Co., Ltd. (SHSE:600989) Fell Short of Analyst Expectations: Here's What You Need To Know
Baofeng Energy: Report of Ningxia Baofeng Energy Group Co., Ltd. for the third quarter of 2024
Ningxia Baofeng Energy Group Co., Ltd. Report for the Third Quarter of 2024
Announcement of major operating data for the first three quarters of 2024 of Ningxia Baofeng Energy Group Co., Ltd.
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