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China Shenhua Energy Reports Q3 Results
The overall net profit of the top three coal 'four heavenly kings' declined in the first three quarters, while the net profit of 'number one brother' Shenhua doubled quarter-on-quarter in Q3. | Interpretations
① Due to the downward impact of coal prices, the performance of coal listed companies in the first three quarters generally declined, but there was differentiation in Q3 performance; ② The industry generally believes that after bottoming out, the future trend of coal prices is expected to rebound, but the extent of the increase is limited.
China Federation of Logistics and Purchasing: The total social logistics amount in the first three quarters of the country reached 258.2 trillion yuan, and the industry prosperity level is stable and trending towards improvement.
In the third quarter, the overall logistics costs of the whole society have been gradually reduced. Under the coordinated effects of stock and incremental policies, logistics operations continue to stabilize and rebound. Positive changes have occurred in indicators such as the total social logistics volume and total revenue of the logistics industry.
China Shenhua Energy's Q3 revenue increased by 3.4% year-on-year, and net income increased by 13.8% year-on-year.
In terms of profit, although Q3 grew by 13.8% year-on-year, the profit for the first three quarters decreased by 3.7% year-on-year. The increase in profit was mainly due to cost control and other income gains.
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Hong Kong Transportation and Logistics Bureau: Fully promote all measures in the policy address to further consolidate and enhance Hong Kong's position as an international shipping center.
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