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In the third quarter, the loss amount is close to the annual level of last year. How to solve the "dilemma" of the steel industry? Suggestions from the industry recommend actively reducing production.
① In the third quarter, losses in the steel industry intensified, with 21 out of 27 listed steel smelting companies recording losses, totaling over 14.5 billion yuan in losses, the quarterly loss total approaching last year's full year. ② Industry insiders believe that the main reason for the losses is the steel industry's own overcapacity, poor industry self-discipline, failure to actively limit production, product oversupply, continuously declining steel prices, slow decline in raw materials, and severe industry profit compression.
The coal volume and price both fell sharply, shanxi coal international energy group's net profit in the first three quarters fell by nearly 50% year-on-year |interpretations
shanxi coal international energy group's net profit in the first three quarters was 2.082 billion yuan, nearly halved year-on-year; However, the company's own coal production, sales volume, and coal cost in the third quarter all improved compared to the previous quarter.
Multiple stocks fell limit-down! As of now in the second half of the year, 12 listed companies have announced that the company or related parties have been filed by the CSRC, with popular stocks such as Shanghai Fudan Forward S&T among them.
On Friday evening, Tond Chemical, Shenzhen Zqgame, Surfilter Network Technology, and Shenyang Chemical Industry successively announced that they had received investigation notice from CSRC. According to incomplete statistics, a total of 12 A-share listed companies have announced the company or related parties being investigated or receiving investigation notice in the second half of this year. The investigation notice hit several stocks hard, and the next day Shanghai Fudan Forward S&T, Sunsea AIOT Technology, Special Treat Kop, and Hainan Poly Pharm all fell by the daily limit.
Triggering a surge in the limit-up trend, Shanghai State-owned Enterprise Reform Stock has shown its outstanding performance! The 'Double-qualified' leading stock has achieved 7 consecutive daily limit-up.
Today, concept stocks related to the state-owned enterprise reform in Shanghai are performing well. As of the time of writing, Shanghai Jin Jiang Online Network Service has consecutively hit its daily limit for 7 days, while Shanghai Foreign Service Holding Group, Shanghai Fudan Forward S&T, Shanghai Material Trading, Shanghai Jiao Yun Group, and Y.U.D. Yangtze River Investment Industry have all also reached their daily limit.
Leading company secures three consecutive board. The A-share semi-annual report market is deepening, with 8 listed companies' net profit doubling year-on-year.
Shenzhen Kaizhong Precision Technology closed with 3 consecutive boards on Thursday with the highest net income increase of more than 14 times in the first half of the year. Suning.com Co.,Ltd. is expected to hit 3 consecutive circuit breakers during Friday's trading with the expected return to profitability in the second quarter. Espressif Systems closed with a 20cm limit up on Thursday with a net profit increase of 123.51% YoY expected for January to May. Listing of brokerage research reports and latest comments on companies with net profit forecasts for the first half of 2024 increasing by over 100% (see table).
After turning losses around and repurchasing, the stock price of suning.com co.,ltd. is on the verge of reaching 1 yuan, and it has released consecutive bullish signals | Speed read announcement.
① Suning.com Co.,Ltd. announced its plan of shareholding buybacks and expects to turn losses into profits in the second quarter. ② Recently, the stock price of Suning.com Co.,Ltd. has been falling continuously, and investors are concerned about its entry into the delisting process. In addition to the bullish announcement mentioned above, Suning.com Co.,Ltd. has just announced the plan of executives' shareholding.