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    000933   CNE000001097

HENAN SHENHUO COAL & POWER CO.,LTD

(000933)
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End-of-day quote. End-of-day quote Shenzhen Stock Exchange - 04/16
11.05 CNY   -0.45%
04/07China aluminium chief Wen leaves metals association after two decades
RE
2020China's Henan Shenhuo takes stake in Guangxi alumina project
RE
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China aluminium chief Wen leaves metals association after two decades

04/07/2021 | 01:31am EDT

(Reuters) - Wen Xianjun, the head of the aluminium department at the China Nonferrous Metals Industry Association, retired from the body on Tuesday after 20 years that have seen the country's aluminium output surge tenfold.

A well known industry figure in China and overseas, Wen joined the association in 2001 after graduating and working as an engineer, becoming a vice chairman in 2008.

China churned out a mere 3.6 million tonnes of primary aluminium in 2001, according to official data. It is now by far the world's top producer and consumer of the metal, with last year's output hitting a record 37 million tonnes.

"Despite such a serious pandemic in 2020 and 12 trade remedy investigations, smelters and fabricators ... have increased their production, consumption and efficiency regardless," Wen, who is in his late 50s, told Reuters.

He represented Chinese aluminium companies in negotiations with the United States as Washington slapped anti-dumping duties on Chinese aluminium products in 2017. It continues to accuse China of creating excess capacity.

Admitting the last few years had been hard work, Wen said he is looking forward to some rest in his retirement but will be on hand to provide advice to companies and local governments.

He was last month named an independent director at private-sector aluminium giant China Hongqiao Group and holds the same position at Henan Shenhuo Coal & Power and China Zhongwang Holdings.

It is unclear who will replace Wen at the association, which on Wednesday said in a statement to Reuters it would decide on a new aluminium leadership team as soon as possible.

(Reporting by Tom Daly; Editing by Rashmi Aich and Jacqueline Wong)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA HONGQIAO GROUP LIMITED -2.33% 11.76 End-of-day quote.65.63%
CHINA ZHONGWANG HOLDINGS LIMITED 2.22% 1.84 End-of-day quote.26.03%
HENAN SHENHUO COAL & POWER CO.,LTD -0.45% 11.05 End-of-day quote.38.47%
All news about HENAN SHENHUO COAL & POWER CO.,LTD
04/07China aluminium chief Wen leaves metals association after two decades
RE
2020China's Henan Shenhuo takes stake in Guangxi alumina project
RE
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Financials
Sales 2021 28 933 M 4 437 M 4 437 M
Net income 2021 2 604 M 399 M 399 M
Net Debt 2021 - - -
P/E ratio 2021 9,46x
Yield 2021 4,93%
Capitalization 24 658 M 3 781 M 3 782 M
Capi. / Sales 2021 0,85x
Capi. / Sales 2022 0,84x
Nbr of Employees 26 286
Free-Float 60,1%
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Technical analysis trends HENAN SHENHUO COAL & POWER CO.,LTD
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 6
Average target price 14,60 CNY
Last Close Price 11,05 CNY
Spread / Highest target 32,1%
Spread / Average Target 32,1%
Spread / Lowest Target 32,1%
EPS Revisions
Managers and Directors
NameTitle
Zhong Yuan Li General Manager
De Xue Liu Chief Accountant & Head-Finance
Hong Wei Li Chairman
Gong Ping Sun Chairman-Supervisory Board
Ping Ma Independent Director
Sector and Competitors