Petrochina's net profit increased by 2% against the trend, and the green transformation accelerated, leading to a 116% surge in business | Earnings Reports insights.
On March 30th, Petrochina announced its annual report as of December 31, 2024, showing that the company achieved revenue of 2.94 trillion yuan for the year, a year-on-year decrease of 2.5%; Net income attributable to shareholders of the parent company was 164.684 billion yuan, an increase of 2.0%, with basic earnings per share of 0.90 yuan. The Board of Directors recommended a year-end dividend of 0.25 yuan per share for 2024, totaling approximately 45.755 billion yuan. Against the backdrop of weak global Energy demand and falling oil prices, Petrochina's performance in the 2024 fiscal year is commendable, with net income attributable to the parent company achieving new heights.
The price of FPSO orders has increased by 50% over three years. China International Marine Containers will prioritize improving profitability in future orders | Direct coverage of the Earnings Conference.
① In 2024, the company achieved a revenue of 177.664 billion yuan, a year-on-year increase of 39.01%; the Net income attributable to the parent company was 2.972 billion yuan, a year-on-year increase of 605.60%; ② The company's Chairman, Mai Boliang, stated that this year the FPSO order volume will further increase, and future order acquisitions will focus on enhancing the order value. The demand for containers is also expected to be supported.
The market continues to shrink and adjust, raising concerns about a retreat in the Siasun Robot&Automation Sector. Can the deep-sea Technology Concept hold the flag and launch a counterattack?
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The three major A-share indexes showed mixed results, with the micro-index leading the decline, Hong Kong stocks fell, and the Hang Seng Tech Index dropped by more than 2%.
Hong Kong stocks fell, with the Hang Seng Index down 1.93% and the Hang Seng TECH Index down 2.04%. EAST BUY fell nearly 5%, and BYD Electronics dropped over 4%. Oil & Gas stocks opened with a significant rise, with Xinjiang Zhundong Petroleum Technology hitting the limit up, while Sino Geophysical, Tong Petrotech Corp., XinJiang Beiken Energy Engineering, and Zhongman Petroleum And Natural Gas Group Corp.,Ltd. all opened high.
International oil prices have entered a "surge" mode. Analysts say that oil prices may continue to maintain a mid-to-high level.
① Due to the impact of a new round of sanctions against Russia and cold weather, last Friday's settlement price of Crude Oil futures increased by 3.58%, closing at $76.57 per barrel. The settlement price of Brent crude oil futures rose by 3.69%, closing at $79.76 per barrel. ② According to a Research Report by Cinda Securities, the Global market may continue to face tight supply and demand for crude oil for several years. In the medium to long term, oil prices may remain at a medium to high level.
Microsoft announced the use of green hydrogen to power Datacenters. Institutions recommend paying attention to the upstream hydrogen production segment.
①Microsoft announced that it has reached an agreement with ESB, where the power control and management building of the datacenter located in Dublin will be powered by zero-emission green hydrogen energy. ②Caitong stated that the green hydrogen sector has attributes of high growth and significant potential, and that the large-scale development of domestic and international green hydrogen projects will allow the electrolysis and compressor segments to fully benefit from the growth.