Express News | Fujian Funeng: The Phase II project of the Quanhui Petrochemical Industrial Park combined heat and power generation project has been approved.
Express News | Fujian Funeng: Approved by the Fujian Provincial State-owned Assets Supervision and Administration Commission to issue convertible bonds of no more than 3.9 billion.
Fujian Funeng (600483): The company's profitability is improving and there is an abundance of energy projects on hand.
Event: the company disclosed its interim report for 2024. In the first half of the year, the company achieved operating revenue of 6.665 billion yuan, a year-on-year increase of 4.57%; achieved net income attributable to shareholders of 1.188 billion yuan, a year-on-year increase of 27.12%. Comment on the total power generation in the first half of the year.
Express News | Fujian Funeng: Participated in 5 nuclear power companies.
Fujian Funeng (600483): Profit growth driven by reduced losses in gas and electricity. The decline in coal prices is driving the recovery of thermal power profitability.
In the first half of 2024, the company achieved revenue of 6.665 billion yuan, a year-on-year growth of 4.57%; net income attributable to the parent company was 1.188 billion yuan, a year-on-year growth of 27.12%. The main source of growth in net income attributable to the parent company comes from
Fujian Funeng (600483): Driven by both wind and fire, the performance is excellent.
Event description: The company released its semi-annual report for 2024, with revenue of 6.665 billion yuan, a year-on-year increase of 4.57%; net income attributable to the parent company was 1.188 billion yuan, a year-on-year increase of 27.12%.
Fujian Funeng (600483): The improvement in the wind brings about better performance and has a wide range of future installation space.
Summary of this report: The company's 2Q24 performance met expectations and there is still high growth potential in future installed capacity. Investment highlights: Maintain a "shareholding" rating: Considering factors such as the progress of Hai Feng's approval, EPS for 2024-2025 is revised down to 1.
Fujian Funeng's H1 Attributable Profit Jumps 27% on Higher Operating Income
Fujian Funeng (600483): Performance slightly exceeds expectations, looking forward to Fujian Haifeng starting a new growth.
Event: The company has released its interim report for the first half of 2024. In the first half of 2024, the company achieved revenue of 6.665 billion yuan, a year-on-year increase of 4.57%, and achieved net income attributable to shareholders of 1.188 billion yuan, a year-on-year increase of 27.12%.
Fujian Funeng (600483): Increased volume and reduced costs, thermal power performance growth. The growth of the construction unit is promising.
Investment highlights: Event: The company released the 2024 interim report. In the first half of 2024, the company achieved revenue of 6.665 billion yuan, a year-on-year increase of 4.57%, and achieved a net income attributable to the parent company of 1.188 billion yuan, a year-on-year increase of 27.12%.
Fujian Funeng's 2024 interim report
Summary of Fujian Funeng's 2024 interim report
fujian funeng (600483.SH) released its semi-annual performance, with a net income of 1.188 billion yuan, a year-on-year increase of 27.12%
Fujian Funeng (600483.SH) disclosed its 2024 interim report, and the company achieved a revenue of 66.6 million during the reporting period...
Fujian Funeng (600483) 24-year interim report review: significant recovery in gas and electricity profit, optimistic about Q3 wind power performance improvement.
Fujian Funeng released its half-yearly report for the year 2024, achieving revenue of 6.665 billion yuan in 2024H1, a year-on-year increase of 4.57%; net income attributable to parent company of 1.188 billion yuan, a year-on-year increase of 27.12%. Revenue for the first half of the year for the company.
fujian funeng (600483): Profits surged in the second quarter with a considerable scale of installed capacity.
1H24 net profit attributable to mother year-on-year +27%, maintaining profit forecast and target price. Funeng announced its half-year report, achieving revenue of 6.665 billion yuan in 1H24 (yoy +4.6%), and net profit attributable to mother of 1.188 billion yuan.
Fujian Funeng (600483): Combining thermal power with wind power, advancing together in multiple energy sources.
Investment highlights: Fujian's state-owned electrical utilities platform is steadily promoting the transformation of new energy operations. The company is an electrical utilities platform under Fujian Energy Group, gradually transitioning from a traditional energy electrical supplier to a new energy supplier, continuously expanding the development of wind power, nuclear power, photovoltaic power, and other renewable energies.
Express News | Fujian Funeng: Changle Waihai J offshore wind farm project has been approved.
Fujian Funeng (600483.SH) plans to issue convertible bonds to raise no more than 3.9 billion yuan.
On August 2nd, Gelunhui reported that Fujian Funeng (600483.SH) has announced a convertible bond issuance plan to unspecified recipients. The convertible bond issuance is expected to raise a total of no more than RMB 3.9 billion (including principal) for the following projects after deducting issuance costs: The Quanhui Petrochemical Industrial Park 2x660 MW ultra-supercritical cogeneration project and Xianyou Mulan pumped storage station project in Fujian Province.
Fujian Funeng (600483): Firewind Energy Storage has a diversified layout with sufficient long-term growth momentum.
Key points: From 2023 to 2024 Q1, the revenue steadily increases. The short-term pressure on the wind power sector affects the profit performance. In 2023, the company achieved revenue of 14.695 billion yuan, a year-on-year increase of 2.63%; achieving a net income attributable to the owners of the parent company.
Fujian Funeng to Build 9 Billion Yuan Hua'an Pumped Storage Station
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