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New Energy Revitalizes China's Coal-mining Subsidence Areas
he former coal mining hub in North China's Shanxi province, which was once abandoned and shrouded in silence, is now buzzing with machines and workers bracing the cold winds.
China Ruifeng Renewable Energy Expects Losses to Shrink in 2023
China Ruifeng Renewable Energy Holdings (HKG:0527) expects a lower loss of about 100 million yuan for the year ended Dec. 31, 2023, compared with 162 million yuan in the previous year, according to a
Ruifeng New Energy (00527.HK): The comprehensive loss is expected to not exceed 100 million yuan in 2023
Gelonghui March 22 | Ruifeng New Energy (00527.HK) announced that the Group expects to record a reduction in comprehensive losses for the year ending December 31, 2023, from an annual comprehensive loss of about RMB 162 million in 2022 to a comprehensive loss of no more than RMB 100 million for the current year. The Group's full-year results are yet to be implemented. The Board of Directors believes that the improvement in financial performance for this year is mainly due to: (i) an increase in revenue of approximately RMB 39 million due to increased electricity sales (2022: RMB 304 million); (ii) there is no confirmation of impairment of property, plant and equipment
RUIFENG RENEW: POSITIVE PROFIT ALERT
Huatai Securities: It is expected that 1Q24 thermal power profits will continue to recover and nuclear power performance is steady
Huatai Securities released a 1Q24 outlook for the public environmental protection industry, stating that in the face of continuous growth in thermal power generation and a year-on-month decline in coal prices, 1Q24 thermal power profits are expected to continue to recover; nuclear power generation has increased year-on-year, and performance is expected to grow.
CITIC Construction Investment Securities: How to evaluate changes in the wind power industry after the consumption situation improves?
The Zhitong Finance App learned that CITIC Construction Investment Securities released a research report saying that domestic wind power consumption bottlenecks may be opened, which will bring more room for new domestic wind power installations. There is some room for improvement in wind power installations in 2024. It is estimated that 95 GW of new wind power installations will be added in 2024, an increase of 25% over the previous year.
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