601088 China Shenhua Energy
- 39.83
- +0.83+2.13%
China Shenhua Energy News
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.
Stocks with Chinese letters fluctuated and rallied; China Nuclear Technology and COSCO Offshore Control rose more than 3%, while China's Wuyi, COFCO Capital, China Coal Energy, Sinopec, and China Shenhua followed suit.
Stocks with Chinese letters fluctuated and rallied; China Nuclear Technology and COSCO Offshore Control rose more than 3%, while China's Wuyi, COFCO Capital, China Coal Energy, Sinopec, and China Shenhua followed suit.
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.
China Shenhua (601088) 2024 Quarterly Report Review: Coal Production and Sales Buck the Trend and Grow Higher, Co-creating Resilient Employment Performance
Matters: The company released its 2024 quarterly report. During the reporting period, the company achieved revenue of 87.647 billion yuan, +0.7%/-3.3% year over year, and net profit of 15.884 billion yuan, year-on-year and month-on-month respectively
China Shenhua (601088): Stable profit from integrated operations, high dividends highlight value
Incident Overview: The company recently released its quarterly report for '24 and its annual report for '23. In 24Q1, the company's revenue was 87.65 billion yuan, up 0.7% year on year; net profit to mother was 15.88 billion yuan, down 14.7% year on year. 2
China Shenhua (601088): Decline in coal prices is dragging down performance, integrated production, distribution and marketing operations are steady
2024Q1 revenue increased steadily due to the increase in business volume such as power generation and transportation, and the decline in coal prices dragged down performance. In 2024Q1, the company achieved revenue of 87.65 billion yuan, +0.7% year-on-year, and net profit to mother of 15.88 billion yuan, year-on-year
Big Bank Ratings | UBS: Target price for China Shenhua of HK$28.5 and “neutral” rating for the first quarter's profit beat expectations
Glonghui, April 29 | UBS published a research report showing that Shenhua's results for the first quarter of 2024 reached 29% of the market's consistent full-year forecast, while also reaching 31% of the bank's full-year profit forecast. Shenhua's profit for the first quarter beat expectations. The bank explained that it was mainly due to tax performance. The effective tax rate for the same period was 16%, below the normal range of 20% to 24%; the electricity business performance during the same period also beat the forecast. The first quarter recorded a 12.4% year-on-year increase in gross profit, mainly due to the contribution of the company's additional thermal power generation capacity. As for the continued stable performance of the coal mining business, it is mainly due to its comparative share of contract sales
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.
China Shenhua (601088) Comment: The power generation and transportation division contributed to increased profits and the integrated operation performance was steady
Incident: The company released its report for the first quarter of 2024 on April 27. The 24Q1 achieved revenue of 87.647 billion yuan, an increase of 0.7% over the previous year, and a decrease of 3.3% over the previous quarter of 90.607 billion yuan in 23Q4;
China Shenhua (601088): Demonstrating the Leading Profit Resilience Dividend Asset Leader
Guide to this report: Coal sales have continued to grow, and the price stability is stronger; power generation and electricity sales have maintained good growth; the transportation and coal chemical sectors have maintained steady growth; maintained high dividends and continued to lead the industry. Key Investment Points: Maintaining an “Increase in Wealth” Assessment
Minsheng Securities released a research report on April 27 stating that it gave China Shenhua (601088.SH) a recommended rating. The main reasons for the rating include: 1) a year-on-year increase in non-recurrent losses due to donation expenses; 2) a year
Minsheng Securities released a research report on April 27 stating that it gave China Shenhua (601088.SH) a recommended rating. The main reasons for the rating include: 1) a year-on-year increase in non-recurrent losses due to donation expenses; 2) a year-on-year increase in coal production and sales; a year-on-year increase in the sales price combined with a decline in gross margin; 3) a year-on-year increase in the installed scale of power generation, a year-on-year increase in the sales volume and gross margin; 4) a year-on-year increase in profits in the transportation sector; 5) the volume and price of olefin products decreased year-on-year. (Mainichi Keizai Shimbun)
Express News | The big three coal companies made 100 billion dollars, and their performance growth rate declined
China Shenhua (601088) 2024 Quarterly Report Review: Coal Production and Sales Steady, Electricity and Railways Increase Profits
Event: On April 26, China Shenhua released its report for the first quarter of 2024: in the first quarter of 2024, the company achieved operating income of 87.65 billion yuan, -3.3% month-on-month, +0.7% year-on-year; net profit to mother 15
China Shenhua (601088): Q1 production and sales continued to grow, and business performance was in line with expectations
China Shenhua released its 2024 quarterly report on April 26, 2024:2024Q1 achieved operating revenue of 87.647 billion yuan, an increase of 0.70% year-on-year and a decrease of 3.27% over the previous year; attributable to listing
China Shenhua (601088) 2024 Quarterly Report Review: Steady Performance, Increased Profits in the Power Generation and Transportation Business
Incidents. On April 26, 2024, the company released its report for the first quarter of 2024. The 24Q1 company achieved operating income of 87.647 billion yuan, an increase of 0.7% over the previous year; net profit to mother was 158.84 yuan, the same as
China Shenhua (601088): Outstanding performance in the non-coal sector weakens the impact of declining coal prices
Due to the decline in coal prices, 1Q24 profit fell 14.7% year on year, but the non-coal sector performed well. In 1Q24, China Shenhua's net profit fell 14.7% year on year to 15.88 billion yuan, mainly due to the decline in coal prices
China Shenhua (601088): Steady, far-reaching, and high-dividend hard-core asset values highlighted
Event: The company announced its results for the first quarter of 2024. The company achieved net profit of 15.88 billion yuan to mother in 2024Q1, -14.66% year-on-year, +39% month-on-month; operating income of 87.647 billion yuan, year-on-year increase
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