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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Henan Shenhuo Coal & Power Co.,Ltd    000933   CNE000001097

HENAN SHENHUO COAL & POWER CO.,LTD

(000933)
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End-of-day quote. End-of-day quote SHENZHEN STOCK EXCHANGE - 10/28
5.32 CNY   +2.70%
08/18China's Henan Shenhuo takes stake in Guangxi alumina project
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China's Henan Shenhuo takes stake in Guangxi alumina project

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08/18/2020 | 03:25am EDT

China's Henan Shenhuo Coal and Power will take a 36% stake in a company pursuing an alumina project in the Guangxi region to reduce its reliance on external purchases of the aluminium raw material.

Shenhuo, whose affiliate makes aluminium in Yunnan next to Guangxi in southwest China, will not pay for the stake in Guangxi Longzhou Aluminium being transferred from Hangzhou Jinjiang, it said in filing to the Shenzhen Stock Exchange.

It will, however, assume investment responsibilities.

Construction of the 3.12 billion yuan ($450 million) first phase of Guangxi Longzhou's alumina plant, designed to produce 1 million tonnes per year, began in November 2019.

The project is expected to start production this December, the filing dated Tuesday said, adding that Guangxi Longzhou had access to abundant resources of bauxite, the aluminium-rich ore from which alumina is refined.

Shenhuo has the right to increase its stake up to 51% while Hangzhou Jinjiang will for now retain 34%, Guangxi Chongzuo Jianzhuo Asset Management 20% and Guangxi Longzhou County Industrial Transportation Investment 10%.

($1 = 6.9309 Chinese yuan renminbi)

(Reporting by Tom Daly; editing by Jason Neely)


Stocks mentioned in the article
ChangeLast1st jan.
HENAN SHENHUO COAL & POWER CO.,LTD 2.70% 5.32 End-of-day quote.-2.92%
LONGZHOU GROUP CO., LTD. 0.00% 3.83 End-of-day quote.-13.54%
SHENZHEN STOCK EXCHANGE A SHARE INDEX 0.68% 2343.476 Real-time Quote.29.15%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.25% 6.73403 Delayed Quote.-3.48%
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All news about HENAN SHENHUO COAL & POWER CO.,LTD
08/18China's Henan Shenhuo takes stake in Guangxi alumina project
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Financials
Sales 2020 18 356 M 2 728 M 2 728 M
Net income 2020 695 M 103 M 103 M
Net Debt 2020 - - -
P/E ratio 2020 14,5x
Yield 2020 1,19%
Capitalization 10 111 M 1 508 M 1 503 M
Capi. / Sales 2020 0,55x
Capi. / Sales 2021 0,47x
Nbr of Employees 26 323
Free-Float 52,7%
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Technical analysis trends HENAN SHENHUO COAL & POWER CO.,LTD
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 5
Average target price 5,58 CNY
Last Close Price 5,32 CNY
Spread / Highest target 4,89%
Spread / Average Target 4,89%
Spread / Lowest Target 4,89%
EPS Revisions
Managers
NameTitle
Hong Wei Li Chairman
Gong Ping Sun Chairman-Supervisory Board
Jian You Cui Vice Chairman
Wei Li Vice Chairman
Wei Zhang Director
Sector and Competitors