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Rising Leverage a Concern for Yankuang Energy Group, S&P Says
Hong Kong stocks fluctuate | Coal Industrial Concept(coal Industry) shares expanded their decline in the afternoon. The first quarter performance of the coal industry saw a significant year-on-year drop. Institutions stated they are paying attention to po
The decline of Coal Industrial Concept(coal Industry) stocks widened in the afternoon. As of the time of writing, MONGOL MINING (00975) fell by 19.47%, priced at 4.55 HKD; SHOUGANG RES (00639) fell by 11.46%, priced at 2.24 HKD; YANKUANG ENERGY (01171) fell by 11.11%, priced at 7.36 HKD; China Coal Energy (01898) fell by 10.31%, priced at 7.22 HKD; China Shenhua Energy (01088) fell by 6.75%, priced at 30.4 HKD.
YANKUANG ENERGY: It is expected that the performance in the first quarter of this year will decline year-on-year. Currently, coal prices have basically reached the bottom | Directly addressing the Earnings Conference.
YANKUANG ENERGY stated at today's 2024 Earnings Conference that Coal prices have basically reached their lowest point and are showing signs of stabilization. Due to the year-on-year decline in Coal prices, the company's performance in the first quarter will be affected; The company also stated that it will adhere to the principle of Cash dividends, and has so far accumulated a dividend of 85 billion.
Yankuang Energy 2024 Profit Down 28%, Revenue Slides 7%
Hong Kong stocks moving | YANKUANG ENERGY (01171) fell more than 4% in the afternoon as falling coal prices dragged down the company's performance, with a significant decline in quarterly net profit compared to the previous quarter.
YANKUANG ENERGY (01171) fell more than 4% in the afternoon, as of the time of writing, it decreased by 4.74%, priced at 8.04 Hong Kong dollars, with a turnover of 0.266 billion Hong Kong dollars.
YANKUANG ENERGY: The release of high-quality production capacity in 2024 will enhance performance resilience.
According to the China Securities Journal, YANKUANG ENERGY released its 2024 annual report on March 28. The report shows that the company achieved revenue of 139.124 billion yuan and a net income of 14.425 billion yuan for the year, with operating performance continuing to maintain historical highs. Against the backdrop of a relaxed supply and demand situation in the coal industry, the company effectively hedged against the negative impact of price fluctuations through the release of high-quality production capacity and cost control, demonstrating strong performance resilience.
落袋为赢 : Not bad