Ice wheel environment (000811): Return to mother's performance increased by 53.7% year-on-year, and the leading position is still stable
The incident described that Ice Wheel Environment released its 2023 annual report, achieving full-year revenue of 7.496 billion yuan, up 22.9% year on year; net profit to mother of 655 million yuan, up 53.7% year on year; the company previously predicted net profit to mother of 5.8-
Longyuan Electric Power (001289): Using “Big Generations to Small” to disrupt profits, the installed capacity is expected to maintain high growth
Incident: The company released its 2023 annual report. In 2023, the company achieved revenue of 37.64 billion yuan, -5.6% year-on-year, and net profit to mother of 6.25 billion yuan, +22.3% year-on-year. Performance was slightly lower than expected, and accrued assets decreased
CNOOC Service (601808): Good cost control, technology and equipment drive growth
Incident: CNOOC Oil Services released its 2023 annual report, achieving full year operating income of 44.109 billion yuan (+23.7% year over year) and net profit to mother of 3,013 billion yuan (+27.8% year over year). Of these, Q4 was completed in a single season
Research Nuggets丨Guotai Junan: Longyuan Electric Power's 23-year performance fell short of expectations, had broad room for long-term growth, and maintained a “gain” rating
Gelonghui, March 29 | Guotai Junan Research Report indicates that the performance of Longyuan Electric Power (001289.SZ) in '23 fell short of expectations, and there is plenty of room for long-term growth. Considering the leading premium, the company was given a 19x PE valuation in 2025, the target price was lowered to 21.5 yuan, and the “gain” rating was maintained. The company's revenue in 2023 was 37.6 billion yuan, -5.6% year on year; net profit to mother was 6.25 billion yuan, +22.2% year over year. The performance was lower than our expectations, mainly related to the impairment of large assets calculated at the end of the year. On a quarterly basis, 4Q23 revenue was 9.54 billion yuan, -1.1% YoY; net profit to mother
CNOOC Services rose and stopped, three barrels of oil collectively rallied, and the oil and gas ETF (159697) rose more than 3%
Glonghui, March 29 | Oil and gas stocks rose. As of 10:50, CNOOC had risen and stopped, CNPC had risen more than 6%, CNOOC and Sinopec had risen more than 3%, and the oil and gas ETF (159697) had “three barrels of oil” accounting for 41.49%, an intraday increase of 3.38%. According to the news, due to the decline in OPEC+ production capacity, the Red Sea, the geographical conflict in Russia, and multiple factors fueled by global demand, WTI crude oil futures for May rose 6.27% cumulatively in March, with a cumulative increase of about 16% in the first quarter. Galaxy Securities believes that the recent market is focusing on supply-side geographical risks, compounding the opening of US refineries
The oil and gas extraction and services sector continues to strengthen
Glonghui, March 29 | CNOOC Services rose and stopped, Becken Energy rose more than 7%, and Potential Hengxin, Zhongman Petroleum, and CNPC Engineering had the highest gains.