AH trends diverge, Hang Seng Index up 0.6%, CNOOC up 4%, national bond futures slightly rebound.
Rare earth permanent magnets concept stocks pull back, photovoltaic and lithography themes also weaken. Hong Kong's real estate, banks, and oil & gas stocks are strong, CNOOC up 4%, Agricultural Bank of China and China Merchants Bank rise more than 2%. After experiencing a sharp drop yesterday, national bond futures rebounded in early trading, with 10-year and 30-year national bond futures contracts rising nearly 0.1% in early trading.
China Shenhua Energy Goes Ex Dividend Tomorrow
Yankuang Energy Group Company Limited Goes Ex Dividend Tomorrow
Sustainability Column: How is the Chinese market for geothermal power generation, which Buffett is interested in?
The electric energy hidden underground is becoming a clean resource mine in the eyes of technology giants and conglomerates.
Changes in Hong Kong stocks | China Coal Energy (01898) rose more than 4%, leading the rise in coal stocks, coal prices previously exceeded expectations, and the conflict between supply and demand widened or prompted a rebound in coal prices
The Zhitong Finance App learned that coal stocks rose in the afternoon. As of press release, China Coal Energy (01898) rose 4.37% to HK$9.07; Yancoal Australia (03668) rose 3.88% to HK$32.1; Yi Dazong (01733) rose 2.94% to HK$1.75; and China Shenhua (01088) rose 0.98% to HK$36.2. Dongwu Securities pointed out that from the end of March to mid-April, due to the lower than expected growth rate of real estate and infrastructure investment, demand for coal in the non-power industry weakened, and the number of ships anchored at the Bohai Rim port once dropped to around 60. Extinction
Coal stocks fell in Q1, China Shenhua's revenue increased slightly, and profit fell 14% year on year | Financial News
The first quarter results of coal stocks were poor, and China's Shenhua, the “leading coal and electricity company,” was no exception. Profits fell 14% in the first quarter. On Friday, China's Shenhua released its financial report for the first quarter of 2024. The financial report showed that China Shenhua achieved revenue of 87.647 billion yuan, a slight increase of 0.7% year on year; current profit attributable to the company's owners was 17.760 billion yuan, down 14.1% year on year, mainly due to falling coal prices; and net cash inflow from operating activities was 28.553 billion yuan, a slight year-on-year decline. Judging from the main operating indicators, in the first quarter of 2024, China Shenhua produced 81.3 million commercial coal