01171 YANKUANG ENERGY
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YANKUANG ENERGY News
Big Bank Rating | UBS: Yankuang Energy's “neutral” rating downgraded annual profit estimates for 2024-26
Glonghui, May 8 | UBS published a research report showing that Yankuang Energy's profit after tax in the first quarter decreased by 41.85% year-on-year to about 3.757 billion yuan. Coal prices remained high during the period, and the company's profit reached only 18.5% of the market's annual forecast. The report mentioned that the Group's average sales price for self-mining in the first quarter was 676 yuan per ton, which meant a decrease of 11.4% from quarter to quarter. The bank believes that the larger decrease in average sales price than expected was mainly due to changes in the group's product structure during the period. The bank lowered the Group's annual earnings estimates from 2024 to 26 by 15%, 12%, and 10%, to reach 16.741 billion and 15 respectively
Yankuang Energy (01171.HK) plans to repurchase and cancel 1,401.18 million restricted shares
Gelonghui, May 8, 丨 Yankuang Energy (01171.HK) issued an announcement on the implementation of partial restricted stock repurchase and cancellation. Since 16 incentive recipients of the company's 2021 A-share restricted stock incentive plan did not meet the incentive conditions due to job transfers, etc., the performance assessment results of 2 incentive recipients were “unqualified”, and the performance assessment results of 4 incentive targets “met the standards”. The performance assessment results of the 4 incentive targets were “met the standards”.
Yankuang Energy (01171): Repurchase and cancel 1,401.18 million restricted shares
Yankuang Energy (01171) issued an announcement in view of the company's 2021 A-share restricted stock incentive plan with 16 incentives...
A quick look at the Hong Kong market | Most of Kewang stocks and domestic housing stocks declined. Xiaomi reversed the market and rose more than 6%, and Vanke fell nearly 7%
Most auto stocks declined; Xiaopeng fell more than 6%, ideally nearly 5%; coal stocks improved, China Coal Energy rose nearly 5%, and Yankuang Energy rose more than 4%; large financial stocks weakened, and CICC Securities, and Ping An of China fell about 4%.
Direct impact of changes | China Coal Energy rose more than 5% to lead coal stocks. Demand and coal prices are expected to gradually break out of the trough starting in the second quarter
Coal stocks continued to rise in early trading. China Coal Energy (01898) rose 3.92% to HK$8.48; Yankuang Energy (01171) rose 3% to HK$18.56; Shougang Resources (00639) rose 2.62% to HK$3.13; and China Shenhua (01088) rose 1.33% to HK$34.35.
The coal sector of Hong Kong stocks strengthened at the beginning of the market. China Coal Energy rose more than 2%, while Yankuang Energy and China Shenhua rose nearly 1%.
The coal sector of Hong Kong stocks strengthened at the beginning of the market. China Coal Energy rose more than 2%, while Yankuang Energy and China Shenhua rose nearly 1%.
Guojin Securities: The first rise in coal prices in the beginning of the year is expected to pull back slightly in May after the off-season catalyzed by port storage
After the off-season coal prices fell under pressure in March-April, coal prices in the port market are expected to bottom out in May, but the increase is limited. Judging from the 1-2 M24 coal price fluctuation experience, whether the port can successfully go to storage is an important condition for whether market coal prices can recover after the off-season.
Yankuang Energy (600188.SH): The Group's coal production is expected to continue to be released in the second quarter
Gelonghui, May 6, 丨 Yankuang Energy (600188.SH) said at the 2024 first quarter results briefing that the company and its subsidiaries (“the Group”) achieved net profit attributable to shareholders of listed companies in the first quarter of 2024 of 3.8 billion yuan, a decrease of 17% over the fourth quarter. Mainly due to: ① Sales of self-produced commercial coal fell by 1.54 million tons month-on-month, and the price decreased by 87 yuan/ton month-on-month, which affected the decrease in net profit to mother. ② Prices of some chemical products rose month-on-month, and costs decreased, which affected the increase in net profit due to mother. It is expected that in the second quarter, the Group's coal production will continue to be released, and mines in Shaanxi, Mongolia and Australia will continue to be used
Yankuang Energy (600188): Scarce, continuous production capacity growth, leading coal companies, stable high dividends combined with high spot ratios highlight allocation value
Key investment points extend mergers and acquisities+endogenous growth, and the company's production capacity is expected to continue to expand. By the end of '23, the company had a production capacity of 230 million tons/year, of which domestic mines had a production capacity of 121 million tons/year; overseas mines had a production capacity of 1.09 million tons/year
Yankuang Energy (600188): Increased production and sales, and price declines greatly hampered performance
Guide to this report: Sales in the coal sector were stable in 23 years, and sales bucked the trend in 24Q1; coal chemical and power generation businesses operated steadily; maintained high dividends, and the investment value was outstanding. Investment Essentials: Maintaining an “Overweight” rating. Duke of 2023
Overview of the Hong Kong market | The Science Index and China Index fell slightly; Chinese brokerage stocks and heavy infrastructure stocks fell, Huatai Securities fell more than 5%, and China Railway fell nearly 6%
Many shares of Science and Technology Network declined; Jingdong fell nearly 3%, and Meituan fell nearly 2%; many shares of home appliances rose, Haier Smart Home rose nearly 8%, and Hisense Home Appliances rose more than 7%.
Hong Kong Stock Afternoon Review | The Hang Seng Index rose slightly by 0.19%, home appliance stocks and coal stocks strengthened, Haier Smart Home rose more than 8%, and Yankuang Energy rose more than 5%
The trend of science and network stocks was divided. Baidu rose nearly 2%, JD fell nearly 2%; shipping stocks rose more than 6%; COSCO Marine Holdings rose more than 6%, and Orient Overseas International rose nearly 5%.
Intraday Overview | Petroleum and shipping stocks strengthened, CNOOC rose 4%, and Dongfang Overseas International rose nearly 6%
Auto stocks continued to rise, with Ideal Auto rising more than 3%; coal stocks strengthened, Yankuang Energy rose nearly 4%; and L'Occitane surged nearly 10%.
Changes in Hong Kong stocks | Yankuang Energy (01171) rose more than 4%, leading the way, coal stocks, and coal companies reported poor quarterly reports, and subsequent quarterly results may improve sequentially
Coal stocks rose collectively. As of press release, Yankuang Energy (01171) rose 4.48% to HK$17.24; China Coal Energy (01898) rose 3.63% to HK$7.99; China Shenhua (01088) rose 3.27% to HK$33.2; and Yankuang Australia (03668) rose 1.25% to HK$28.4.
A number of G7 officials broke the news: an agreement will soon be reached on phasing out coal by the early 2030s
According to several Western officials, the Group of Seven (G7) has agreed to phase out coal by the early 2030s, which is a key milestone for these economies seeking to switch to more sustainable fuels.
Yankuang Energy (600188): Building an international energy company that can be expected to grow in the future
Incident Overview: The company recently released its quarterly report for '24 and its annual report for '23. 24Q1 achieved operating income of 39.633 billion yuan, a year-on-year decrease of 20.76%; net profit to mother was 3.757 billion yuan, a year-on-year decrease of 41.8 billion yuan
Coal stocks declined again. Meijin Energy fell more than 7%, Jizhong Energy fell more than 5%, and Shaanxi Coal, Gansu Energy, and Yankuang Energy all fell by more than 4%.
Coal stocks declined again. Meijin Energy fell more than 7%, Jizhong Energy fell more than 5%, and Shaanxi Coal, Gansu Energy, and Yankuang Energy all fell by more than 4%.
Featured announcements | The total amount of AIA share repurchase plans increased to US$12 billion; Sinopec's net profit for the first quarter decreased 8.9% year-on-year
China Shenhua's net profit for the first quarter was 15.884 billion yuan, a year-on-year decrease of 14.7%; China Life Insurance's net profit for the first quarter was 20.644 billion yuan, a decrease of 9.3% year-on-year.
Yankuang Energy (600188): Highlighting the value of both growth and flexibility
Event: The company released its results report for the first quarter of 2024. In the first quarter of 2024, the company achieved operating income of 39.633 billion yuan, a year-on-year decrease of 20.76%; net profit to mother was 3.757 billion yuan, a year-on-year decrease of 41 billion yuan.
Minsheng Securities released a research report on April 27 stating that it gave Yankuang Energy (600188.SH) a recommended rating. The main reasons for the rating include: 1) price increase and decrease in coal business volume and decline in gross profit;
Minsheng Securities released a research report on April 27 stating that it gave Yankuang Energy (600188.SH) a recommended rating. The main reasons for the rating include: 1) price increase and decrease in coal business volume and decline in gross profit; 2) increase in profits in the chemical business; 3) slight increase in profit in the power business; 4) in 2024, the company strives to “increase by two, reduce, and increase by four. (Mainichi Keizai Shimbun)
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