Coal stocks fell in Q1, China Shenhua's revenue increased slightly, and profit fell 14% year on year | Financial News

The first quarter results of coal stocks were poor, and China's Shenhua, the “leading coal and electricity company,” was no exception. Profits fell 14% in the first quarter. On Friday, China's Shenhua released its financial report for the first quarter of 2024. The financial report showed that China Shenhua achieved revenue of 87.647 billion yuan, a slight increase of 0.7% year on year; current profit attributable to the company's owners was 17.760 billion yuan, down 14.1% year on year, mainly due to falling coal prices; and net cash inflow from operating activities was 28.553 billion yuan, a slight year-on-year decline. Judging from the main operating indicators, in the first quarter of 2024, China Shenhua produced 81.3 million commercial coal

wallstreetcnApr 26 09:36 ET

The Copper Supply Landscape: Is a Bull Market on the Horizon?

Since the fourth quarter of 2023, the global copper mining industry has experienced multiple supply disruptions, with recent news of planned production cuts by Chinese smelters intensifying market unease. Supported by expectations of a tight supply,

Moomoo News CanadaApr 3 06:14 ET

Metals & Mining Monitor | Gold Hits Record High Again; Alamos Gold to Buy Argonaut Gold for $325M, Spin Off Argonaut's Non-Canadian Assets

Hello mooers! Welcome to Mining & Metals Monitor, your source for weekly insights into key commodities and fundamental changes in leading companies.

Moomoo News CanadaApr 1 08:57 ET

PetroChina Reports FY Results

Seeking AlphaMar 25 08:58 ET

China Petroleum & Chemical Corporation Reports FY Results

Seeking AlphaMar 25 01:05 ET

Ningde Times, China Shenhua, Muyuan Co., Ltd.... A number of A-share giants are forecasting annual results!

On the evening of January 30, a number of A-share listed companies announced their 2023 annual results forecasts. A few companies are happy and a few are sad. The Ningde Era expects net profit to increase by more than 30% over the same period last year, reaching 42.5 billion yuan to 45.5 billion yuan, with daily earnings exceeding 116 million yuan; China Shenhua's profit in 2023 will drop 9.9% to 14%, and the drop in coal prices will affect performance. Sluggish pig prices have caused most listed pig companies to report losses in 2023, and industry differentiation has intensified. Among them, Muyuan Co., Ltd. expects a net loss of 3.9 billion to 4.7 billion yuan in 2023, and a profit of over 13.2 billion yuan in 2022. The price of lithium carbonate fell sharply, with a decline of more than one year

wallstreetcnJan 30 08:48 ET