YANKUANG ENERGY: It is expected that the performance in the first quarter of this year will decline year-on-year. Currently, coal prices have basically reached the bottom | Directly addressing the Earnings Conference.
YANKUANG ENERGY stated at today's 2024 Earnings Conference that Coal prices have basically reached their lowest point and are showing signs of stabilization. Due to the year-on-year decline in Coal prices, the company's performance in the first quarter will be affected; The company also stated that it will adhere to the principle of Cash dividends, and has so far accumulated a dividend of 85 billion.
The Social Security Fund's annual report on Hold Positions has been revealed! A total of 52 new stocks entered the top ten circulating Shareholders list, with China Resources Double-Crane Pharmaceutical receiving the most Shareholding increases.
① With the continuous disclosure of the 2024 annual reports of listed companies, the Social Security Fund has newly entered the top ten circulating shareholders list of 52 individual stocks; ② Among them, China Resources Double-Crane Pharmaceutical has the highest number of new holdings by the Social Security Fund, reaching 3; ③ Attached is the list of A-shares where the number of newly added Institutions held by the Social Security Fund in the fourth quarter of 2024 ranks highest (attached table).
Sichuan Hongda's first "report card" is out after the state-owned enterprise investment, turning losses into profits in 2024 | Interpretations
① After the restructuring with state-owned capital investment, Sichuan Hongda achieved a turnaround to profitability in 2024; ② The company's turnaround last year was mainly due to receiving a debt repayment of 39.1101 million yuan from the previous manager.
Jiangxi Copper achieved a record high in net profit last year. The trend of Industry consolidation may intensify. | Interpretations
① The company achieved its best annual performance since going public; ② The company stated that the trend of domestic Industry consolidation may intensify in 2025.
The outlook for Copper and Gold is optimistic! Although prices are at historic highs, JPMorgan believes that Zijin Mining Group is "not expensive."
JPMorgan believes that Gold has become a key profit driver for the company, contributing 32% of gross profit in fiscal year 2024 (up from 26% in 2023), mainly due to a 28% year-on-year increase in the average selling price. It is expected that Gold production will reach 85 tons in 2025 (a year-on-year increase of 17%), and Copper production will reach 1.15 million tons (a year-on-year increase of 8%).
Express News | Hong Kong stocks related to the Copper Concept are strengthening, CHINFMINING is up over 6%, MMG is up 5%, and JIANGXI COPPER is up over 4%.