Huaibei Mining Holdings' half-year performance decreased by nearly 20% year-on-year. The company will improve its mid-term dividend mechanism in the future. | Interpretations
①Due to the decline in coking coal prices, Huaibei Mining's net income attributable to shareholders for the first half of the year was 2.935 billion yuan, a year-on-year decrease of 18.19%. The price of coking coal may continue to be lowered in the third quarter. ②The company will not distribute dividends for the middle of this year, and will improve the mid-term dividend mechanism by amending the Articles of Association in the future.
The increase in coal product quantity does not offset the decrease in price. Shaanxi Coal Industry's revenue and net profit in the first half of the year both declined year-on-year. | Interpretations
① Due to the impact of the year-on-year decline in coal prices, Shaanxi Coal Industry's revenue and net income for the first half of the year decreased year-on-year, but still exceeded 10 billion yuan; ② The company's Q2 net income attributable to shareholders increased both year-on-year and quarter-on-quarter, but non-recurring net income decreased year-on-year.
Under the dual pressure of intensified losses in the coking business and continuous decline in coal prices, Shanxi Coking Coal Energy Group's net profit has dropped by 80%|Interpretation
①Due to the exacerbated losses in the core coking business and the continual decline in coal prices leading to a decrease in profits for the associated coal mining company, Shanxi Coking saw an 80% year-on-year decrease in net income in the first half of the year; ②CMC Huajin contributed investment income of 1.348 billion yuan to the company in the first half of the year, a 24.48% decrease compared to the same period last year.
Coal prices fell, and China Coal Energy's net profit for the first half of the year decreased year-on-year, but still reached nearly 10 billion yuan. Interpretations.
① China Coal Energy, a leading coal company with a total market value of over 170 billion yuan, achieved a net profit of 9.788 billion yuan in the first half of the year, a decrease of nearly 20% compared to the previous year; ② The company will distribute cash dividends to shareholders at a rate of 30% of the attributable net profit, with a dividend per share of 0.221 yuan.
Coal prices have declined, and the net profit of Anhui Hengyuan Coal Industry and Electricity Power in the first half of the year has decreased by more than 30% year-on-year | Speed reading announcement.
Although the production and sales volume of coal commodities in the first half of the year increased compared to the same period last year, the coal prices declined significantly. Anhui Hengyuan Coal Industry and Electricity Power's net profit in the first half of the year decreased by more than 30% year-on-year. The company stated that the coal market has relaxed supply and demand, and prices are under pressure, resulting in a situation of 'not being prosperous during the peak season.'
A quick overview during trading hours: Hong Kong stocks opened low and rose higher, with banks, insurance, and telecommunication sectors rising. Tencent's decline narrowed to less than 1%.
Network technology stocks varied, SenseTime rose more than 4%, NetEase rose more than 3%, Xiaomi Group rose more than 1%; bilibili fell nearly 3%, Kuaishou fell nearly 2%, Alibaba fell more than 1%, Tencent fell 0.7%.