00338 SHANGHAI PECHEM
- 1.050
- +0.010+0.96%
SHANGHAI PECHEM News
Rate cut bullish boosts Hong Kong stocks! Technology index leads the three major indices, with education and internet plus-related stocks performing well.
Besides the rate cut, what other good news is there in the Hong Kong stock market? Why did CITIC Securities rise? Why did Jiumaojiu drop today?
Sinopec Shanghai Petrochemical (600688): Reduced production and increased profits in the first half of 2024, expected to turn losses into profits for the full year.
1H24 pre-announcement shows that net income attributable to the parent company is expected to range from 0.25 to 0.037 billion yuan, turning losses into profits year-on-year. That is to say, the net income attributable to the parent company in 2Q24 is expected to be -0.59 to -0.047 billion yuan, with a year-on-year decrease in losses.
Sinopec Shanghai Petrochemical Expects Return to Profit in H1
Selected Announcement: Aluminum Corporation of China's mid-term net profit is expected to increase by 90%-114%; China Southern Airlines is expected to lose 1.06-1.58 billion yuan in the first half of the year.
Air China Limited is expected to have a net loss attributable to the parent company of approximately 2.3 billion to 3 billion yuan in the first half of the year; while China East Air is expected to have a net loss attributable to the parent company of approximately 2.4 billion to 2.9 billion yuan in the first half of the year.
In the first half of the year, Sinopec (00338.HK) saw a 5.8% increase in the sales volume of rbob gasoline, with an average price increase of 5.4%.
Shanghai Pechem (00338.HK) announced its first-half-year results, with a main product rbob gasoline production of 1.6657 million tons, a year-on-year increase of 3.8%, and sales volume of 1.6667 million tons, a 5.8% increase; sales revenue of 14.525 billion RMB (same below), an 11.5% increase. The average price per ton was RMB 8,715, a 5.4% increase year-on-year. During the period, diesel production was 1.3867 million tons, a decrease of 24.9%; sales volume was 1.3616 million tons, a decrease of 25.6%; sales revenue was 9.431 billion yuan, a decrease of 20%. The average price per ton increased by 7.6% to 6,927 yuan year-on-year.
Sinopec (00338.HK) is expected to make a profit of up to 36.85 million yuan in the first half of the year with its magazine "Yingxi".
Shanghai Pechem (00338.HK) announces profit, according to Chinese accounting standards, an estimated net profit of 24.57 million to 36.85 million RMB for the six months ending in June, compared to a loss of 0.988 billion RMB in the same period last year, achieving a reversal of losses to profits. During this period, the international oil price has shown an overall upward trend, the market demand has steadily recovered, the company has continued to optimize production and operation, the average price increase of its main products is higher than that of crude oil processing cost, resulting in an increase in product gross profit and profitability.
Sinopec Shanghai Petrochemical's semi-annual performance report for 2024 is expected to be profitable.
HK stock announcement | SD Gold expects net income attributable to the parent company to be between 1.25 billion yuan and 1.45 billion yuan in the first half of the year, an increase of 42.07% to 64.81% year-on-year.
Major events: Simcere Pharma (02096): Innovative anti-COVID drug Synoext received routine approval from National Medical Products Administration. Haohai Biotech (06826), a wholly-owned subsidiary, obtained a medical instrument registration certificate for its injection of amino acid-cross-linked sodium hyaluronate gel product. CKI Holdings (01038) is considering a potential secondary and additional listing of company shares on overseas securities exchanges. SD Gold (01787) obtained mining licenses for Penglai mining area and Yanshan mining area of Penglai Mining Co., Ltd. Operation Performance: China Shenhua Energy (01088) sold 0.23 billion tons of coal in the first half of the year, a year-on-year increase of 5.4%. China Resources Power (008
During the first half of the year, Shanghai Pechem (00338) had a revenue of 14.525 billion yuan from RBOB gasoline sales.
Shanghai Pechem (00338) announced that in the first half of 2024, diesel production reached 1.3867 million tonnes...
Shanghai Pechem (00338) announces positive profit expectation, with expected net profit attributable to shareholders for the first half of the year at around 245.7-368.5 million yuan, turning losses into profits YoY.
Shanghai Pechem (00338) announced that the group is expected to report a net profit attributable to its shareholders in the first half of 2024...
SHANGHAI PECHEM: POSITIVE PROFIT WARNINGANNOUNCEMENT ON ESTIMATED POSITIVE PROFIT ININTERIM RESULTS OF 2024
Express News | Sinopec Shanghai Petrochemical: Diesel sales volume of 1.3616 million tons and RBOB gasoline sales volume of 1.6667 million tons in the first half of the year.
Express News | Sinopec Shanghai Petrochemical expects a net income of RMB 24.57 million to 36.85 million in the first half of the year, reversing its loss compared to the same period last year.
China International Capital Corporation: The internationalization level of domestic chemical industry leading enterprises is relatively low, and the route of capacity going abroad is a must.
Exporting production capacity is an important way for Chinese chemical enterprises to promote international development, expand markets, and achieve win-win cooperation, and it is also a necessary path for excellent Chinese chemical enterprises to further grow and strengthen.
International oil prices have risen to a nearly two-month high, and the Hong Kong stock oil sector has strengthened with the rise of "three barrels of oil".
The Hong Kong petroleum sector is strong, with the three major oil companies leading the way. Which short-term bullish factors are worth paying attention to? International oil prices have risen to a near two-month high, what are the market expectations for the future?
Statistics of abnormal proportion of Zhijun Hong Kong stock connect on June 19th.
Statistics of abnormal proportion of Mobius Hong Kong Stock Connect on June 18, 2024.
Shanghai Pechem (00338) has canceled 124 million shares and repurchased its own shares.
On June 17, 2024, Shanghai Pechem (00338) announced that it had canceled 124 million repurchased shares.
Shanghai Pechem (00338) appointed Guo Xiaojun as executive director and chairman of the board.
Shanghai Pechem (00338) announced that the 8th meeting of the 11th board of directors will be held on June 6th, 2024. Mr. Guo Xiaojun will be appointed as the executive director, chairman of the board, chairman of the global strategy and ESG committee, and member of the nomination committee. Mr. Guo Xiaojun is also the authorized representative of the company under Article 3.05 of the Hong Kong Listing Rules. His appointment will take effect from the date of the board resolution.
Buyback collection on June 5th | Tencent Holdings, AIA and other companies have repurchased their shares, among which Tencent Holdings spent HKD 1.002 billion.
According to the disclosure documents of hkex on June 6th, Tencent and AIA Insurance repurchased shares.① Tencent repurchased 2.62 million ordinary shares on June 5th, involving HKD 1.002 billion, and the repurchase price per share ranged from HKD 387.8 to HKD 377.6. The total number of securities repurchased this year (since the ordinary resolution was passed) is 35.51 million shares, accounting for 0.377% of the total number of shares issued at the time of the ordinary resolution. ② AIA Insurance
Shanghai Pechem (00338.HK) spent HKD 2.2205 million on repurchasing 1.94 million shares on June 5.
Shanghai Pechem (00338.HK) announced on June 5th that it spent HKD 2.2205 million to repurchase 1.94 million shares, at a repurchase price of HKD 1.13-1.15 per share, on June 5th, 2024.
Analysis
Price Target
No Data
