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Jiufeng Energy (605090): Performance increased steadily under the three-pronged approach of energy service+specialty gas to accelerate growth
Core view: Clean energy purchase prices declined, and 24Q1 performance was +6.3% year-on-year. The company released its 2024Q1 quarterly report, achieving revenue of 6.333 billion yuan (-2.2% YoY) and net profit of 480 million yuan to mother (same period)
Debon Securities released a research report on April 23 stating that it gave Jiufeng Energy (605090.SH) a purchase rating. The main reasons for the rating include: 1) the overall decline in gas prices, the superiority of the company's integrated “dumbbell
Debon Securities released a research report on April 23 stating that it gave Jiufeng Energy (605090.SH) a purchase rating. The main reasons for the rating include: 1) the overall decline in gas prices, the superiority of the company's integrated “dumbbell” business model, and clean energy shows good resilience; 2) the stability of the energy service business continues to be verified, and broad long-term incremental space is expected to drive the company's profit improvement; 3) the official launch of the Hainan commercial development project, anchoring commercial aerospace to actively expand the special gas business; 4) investment suggestions and valuation. (Mainichi Keizai Shimbun)
Jiufeng Energy (605090): Main business shows resilience, Hainan commercial development project officially launched
Incident: The company announced its results for the first quarter of 2024. In 24Q1, the company achieved operating income of 6.333 billion yuan, a year-on-year decrease of 2.17%; achieved net profit of 480 million yuan, an increase of 6.32% over the previous year; after deduction
Jiufeng Energy (605090): One main, strong resilience, two wings, high growth, buyback confidence
Event: On April 22, 2024, the company released its report for the first quarter of 2024. In 2024, the company achieved operating income of 6.333 billion yuan, a year-on-year decrease of 2.17%; achieved net profit of 480 million yuan to mother
Minsheng Securities released a research report on April 23 stating that it gave Jiufeng Energy (605090.SH) a recommended rating. The main reasons for the rating include: 1) the clean energy business is developing steadily and is profitable and resilient;
Minsheng Securities released a research report on April 23 stating that it gave Jiufeng Energy (605090.SH) a recommended rating. The main reasons for the rating include: 1) the clean energy business is developing steadily and is profitable and resilient; 2) energy services have entered the fast track of development; 3) helium production has increased, and “on-site gas+retail gas stations” have accelerated layout; 4) the proposed repurchase price of 1 to 150 million yuan, with a repurchase price of no more than 41.6 yuan/share, demonstrating the company's confidence in development. (Mainichi Keizai Shimbun)
Jiufeng Energy (605090): “One main and two wings” helped Q1 performance growth and continued repurchases showed confidence in development
Event: The company publishes its report for the first quarter of 2024. 2024Q1, the company achieved operating income of 6.3 billion yuan in a single quarter, -2% YoY and -10% month-on-month; realized net profit to mother of 480 million yuan, +6% YoY, month-on-month +
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