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China Shenhua Energy Reports Q3 Results
The net profit of the top three coal giants declined overall in the first three quarters, with the leader Shenhua seeing a double increase in net profit in the third quarter compared to the previous quarter. | Interpretations
①Affected by the downward trend of coal prices, the performance of coal listed companies in the first three quarters generally declined, but with differentiated performance in Q3; ②Regarding the future trend of coal prices, the industry generally believes that there is hope for a recovery after hitting the bottom, but the magnitude of the increase is limited.
China Shenhua Energy's Q3 revenue increased by 3.4% year-on-year, and net income increased by 13.8% year-on-year.
In terms of profit, although Q3 grew by 13.8% year-on-year, the profit for the first three quarters decreased by 3.7% year-on-year. The increase in profit was mainly due to cost control and other income gains.
After reaching production or years of tens of billions of profit growth, two projects of China Shenhua Energy have been approved by the National Development and Reform Commission.
①The total investment exceeds 26 billion yuan, and the New Street No.1 and New Street No.2 projects of the china shenhua energy subsidiary have been approved by the National Development and Reform Commission; ②The construction scale of the two projects is 8 million tons per year, and the estimated annual profit after reaching production can be close to 6 billion yuan.
Coal prices under pressure, Pingdingshan Tianan Coal Mining's net profit in the first half of the year decreased by nearly 40% year-on-year. Interpretations of financial report.
①Affected by factors such as the decline in coal prices, Pingdingshan Tianan Coal Mining's net profit in the first half of the year decreased by nearly 40% year-on-year; ②The performance of other coal industry stocks was also under pressure in the first half of the year. Net profit of Jizhong Energy Resources and Shanxi Coking decreased by over 70% in the first half of the year.
Rate cut in September? Wall Street analysts interpret the Fed's decision: not so absolute.
The Federal Reserve has sent a message to the public that they do not want investors to be certain that they will cut interest rates by 25 basis points in September, because there is still more economic data to consider before September.