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
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,
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.
PetroChina Reports FY Results
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
Performance surged 400% but fell to a standstill, and Quartz shares couldn't escape the “PV Winter” | Insight Research
The profit of quartz shares surged 400%. Why is the market not buying it.
Why This Lithium Miner Doubles Its Supply Amid Price Plunge
Pilbara Minerals stated this increase demonstrates the demand for Pilbara Minerals' spodumene concentrate while preserving optionality for the Company as they assess long-term downstream opportunities in line with their growth strategy.
Ganfeng Lithium bucked the trend and bought lithium ore | Insight Research
Pilbara drastically increased the supply of lithium concentrate to Ganfeng Lithium from 24 to 26
Cobalt production soared 170%, and the Luoyang molybdenum industry surpassed Glencore to become the world's largest cobalt miner
In 2023, with the increase in Congolese gold TFM and KFM production, the company's copper-cobalt production exploded.
Zijin Mining Group Company Limited Goes Ex Dividend Tomorrow
Lithium Giants Earnings Downgrades: What is Behind Lithium Price Plunge?
In fact of chilling prospects, Albemarle argued that global EV demand growth is on-track amid weaker sentiment, and downstream inventories has drawn to historic lows.
PetroChina Reports Q3 Results
Has Ganfeng Lithium invested 1 billion dollars in Celis to “build cars”? | Insights Research
On September 25, at Huawei's most exciting press conference, Yu Chengdong, the chairman of Huawei Auto BU, unveiled two “far ahead” new models — the Zhijie S7, which surpasses the Tesla Model S, and the “best SUV within 10 million”, the “best SUV within 10 million”, which has aroused a buzz in the market. On the same day, Celis, a good car-building partner of Huawei, silently issued an announcement stating that Ganfeng Lithium would subscribe for an additional 100 million yuan of registered capital of its subsidiary, Ritz Electric, for 1 billion yuan. Under the current boom in cross-border car building, does Lithium King also have ambitions to build cars collaboratively? 1. Does Lithium King also want to cooperate to “build cars”?
Zijin Mining Group Reports 1H Results
PetroChina Reports 1H Results
After the release of the “31 Rules” of the private economy, entrepreneurs such as Ma Huateng, Lei Jun, Zhou Hongping, and Li Shufu responded intensively!
The private economy has a new position: a vital force for advancing Chinese-style modernization
Yankuang Energy Group Company Goes Ex-dividend on Monday
Cheniere Energy Pens New 20+ Year Deal With ENN Natural Gas
Cheniere Energy Inc's (AMEX:LNG) subsidiary, Cheniere Marketing, LLC, inked a long-term LNG sale and purchase agreement with ENN LNG (Singapore) Pte. Ltd. ENN is a wholly-owned subsidiary of ENN Natur
China Shenhua Energy GAAP EPS of RMB 1.04, Revenue of RMB 87.04B
PetroChina GAAP EPS of RMB 0.82, Revenue of RMB 3239.17B