Planning to issue shares to acquire the core assets of Jinjiang Group, Jiaozuo Wanfang's asset scale may double and will welcome a new "helmsman" | Quick read announcement.
① Jiaozuo Wanfang plans to issue shares to purchase the core Assets of Jinjiang Group, Sanmenxia Aluminum Industry; ② The scale of this Asset injection may exceed the company's net Assets; ③ Jiaozuo Wanfang is about to end its long-term lack of a controlling party status.
Two Sessions Time | National People's Congress Representative, Lu Qingguo from Chenguang Biotech Group: Improve the quality standards of Chinese Patent Medicine, regulate the centralized procurement model for Traditional Chinese Medicine, and optimize the
① Lu Qingguo, Director of Chenguang Biotech Group and a representative of the National People's Congress, focused on several recommendations at this year's Two Sessions, including optimizing the procurement mechanism for Traditional Chinese Medicine, enhancing the quality standards for Chinese Patent Medicine, and standardizing the Traditional Chinese Medicine granule industry; ② In addition to recommendations related to the Traditional Chinese Medicine industry, Lu Qingguo prepared several suggestions on rural social retirement insurance, rural medical insurance, and increasing support for companies sanctioned by the United States.
Trading will be suspended starting tomorrow as Inner Mongolia Mengdian Huaneng Thermal Power Corporation plans to acquire equity in two New energy Fund companies | Read the announcement.
① Inner Mongolia Mengdian Huaneng Thermal Power Corporation announced plans to acquire 60% equity in Zhenglanqi Wind Power and 75.51% equity in Northern Duolun, with stocks suspended starting tomorrow; ② From August to December 2024, Inner Mongolia Mengdian Huaneng Thermal Power Corporation disclosed plans to invest approximately 9.1 billion yuan to construct three major clean energy projects.
Last year's net profit is expected to reduce losses to around 100 million yuan. Henan Yuneng Holdings is making significant investments in pumped storage projects | Interpretations.
① Henan Yuneng Holdings is expected to reduce losses to around 1 billion yuan in 2024; ② the company is making significant investments in pumped storage power projects.
Despite the decline in coal prices, the ability to generate revenue remains strong for China Shenhua Energy, which earned over 0.15 billion per day last year.| Interpretations
① Despite the decline in coal prices, "Coal King" China Shenhua Energy's ability to generate revenue remains strong, with an estimated Net income of 57 billion yuan to 60 billion yuan last year; ② Its revenue generation capacity surpasses Contemporary Amperex Technology (49 billion yuan - -53 billion yuan), second only to Kweichow Moutai (85.7 billion yuan).
The decline in Coal prices has dragged down China Shenhua Energy's expected Net income for 2024, which is estimated to decrease by 4.5% to an increase of 0.5% | Earnings Reports insights.
China Shenhua Energy stated that the group is actively responding to adverse effects such as the decline in Coal prices, maintaining stable and high production of Coal, ensuring smooth Transportation via major road and port channels, achieving integrated and efficient Operation, and meeting annual goals for Coal production and sales, as well as power generation Indicators.