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Shan Xi Hua Yang Group New Energy (600348): Performance meets expectations, with hopes to compensate for price with volume in 2025.
Report introduction: Long-term contracts provide stability in performance, with a slight quarter-on-quarter decrease in the performance center for Q4 2024; the contribution of new mines coming into production combined with the recovery of existing mines' production and sales will add to the incremental volume in 2025; there are no concerns regarding backup resource continuity. Investment highlights: Downgrade earnings forecasts and Target Price.
Shanxi Huayang Group Xinneng Co., Ltd. 2024 annual results forecast
Express News | Shan Xi Hua Yang Group New Energy: It is expected that the net income for 2024 will decrease by 58.83% to 51.49% year-on-year.
Shan Xi Hua Yang Group New Energy (600348.SH): Focus on promoting emergency power supply products that combine sodium batteries and sodium-lithium.
On December 23, Gelonghui reported that Shan Xi Hua Yang Group New Energy (600348.SH) stated on the investor interaction platform that the company has been dedicated to creating a full Industry Chain for Sodium-ion Batteries. The Cell products are primarily used in emergency power supplies, energy storage integrated products, electric two-wheelers, and Pack battery packs. The focus is on promoting Sodium-ion and sodium-lithium combined emergency power supply products, with the company’s coal mine emergency power supply as the flagship product, which has been installed and running in some coal mines and is being promoted for application in other coal mines. In the future, the company will continue to strengthen efforts in this field while simultaneously enhancing product research and development and market promotion.
Shanxi: Coal supply continues to recover in November, manufacturing investment maintains high growth.
From January to November 2024, the cumulative production of raw coal reached 4.322 billion tons, an increase of 1.20% year-on-year, with the growth rate declining compared to the same period in 2023. In November alone, the production of raw coal was 0.428 billion tons, an increase of 1.80% year-on-year, with the growth rate decreasing compared to the same month last year.
Huayang Group New Energy's Unit Enters Trial Operation