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Is Shanxi Meijin EnergyLtd (SZSE:000723) Weighed On By Its Debt Load?
Shanxi Meijin Energy (000723.SZ) reported a net loss of 0.359 billion yuan in the first quarter.
On April 26, Gelonghui reported that Shanxi Meijin Energy (000723.SZ) released its quarterly report, achieving total operating revenue of 3.983 billion yuan in the first quarter of 2025, a year-on-year decrease of 5.02%; the Net income attributable to the parent company's shareholders was -0.359 billion yuan, a decrease in loss of 2.731 million yuan compared to the same period last year; the basic EPS was -0.08 yuan.
Meijin Energy: 2024 Annual Report
Meijin Energy: First Quarter Report 2025
Meijin Energy: 2024 Annual Report Summary
As of February 18, 2025, Shanxi Meijin Energy has a total of 1,120 hydrogen Fuel Cell Energy Autos in its system.
On March 20, Gelonghui reported that Shanxi Meijin Energy (000723.SZ) stated on its investor interaction platform that the company adheres to green and low-carbon development, continuously promoting the integration and upgrading of New energy with traditional industries. In the traditional Business Sector, the company actively engages in capacity replacement, upgrading, renovation, and process optimization. The company's new coking project, Huasheng Chemical, and the Guizhou coal-coke-hydrogen integrated project both utilize 7.65-meter top-loaded coke ovens, which improve energy utilization efficiency and reduce carbon emissions and energy consumption. In the New energy field, the company has built a hydrogen energy ecosystem covering the entire Industry Chain of hydrogen "production-storage-transportation-fueling-usage" and promotes Fuel Cell Energy.
The Past One-year Earnings Decline for Shanxi Meijin EnergyLtd (SZSE:000723) Likely Explains Shareholders Long-term Losses
