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.
Shanxi Meijin Energy (000723.SZ): Currently, the company's annual coke production capacity exceeds 10 million tons, and multiple developments are underway in the chemical field.
On March 13, Glonhui reported that Shanxi Meijin Energy (000723.SZ) stated on the investor interaction platform that the company adheres to the development concept of Circular Economy and has built an integrated Industry Chain of "coal-coke-gas-gasification-hydrogen," actively recycling by-products from coking such as coal gas, coal tar, and crude benzene, while extending upstream and downstream of the Industry Chain. Currently, the company's annual coke production capacity exceeds 10 million tons, and it is making multiple investments in the chemical sector, primarily involving the production and sales of products such as ethylene glycol, LNG, liquid ammonia, urea, and high-purity hydrogen, further enhancing the company's profitability.
Shanxi Meijin Energy (000723.SZ): has applied Asia Vets mining technology in major mines.
On March 13, Gelonghui reported that Shanxi Meijin Energy (000723.SZ) stated on the investor interaction platform that the company continues to promote upgrades in Coal Mining technology, enhancing the level of automation and intelligence. Intelligent mining technology has been applied in major mines, and combined with disaster management and safety monitoring methods, the coal mine management system is continuously optimized. In the future, the company will explore optimization directions for intelligent coal mine construction in line with Industry development trends.
Shanxi Meijin Energy (000723.SZ): The humanoid robots from its coal mine have yet to be put into operation.
On March 13, Gelonghui reported that Shanxi Meijin Energy (000723.SZ) stated on the investor interaction platform that the company continues to focus on the construction of smart mines and is actively exploring the application of intelligent and automated technologies in coal mine safety production. Currently, the humanoid robots have not yet been put into use in the company's coal mines.
Meijin Energy to Invest Into 1 Billion Yuan Partnership Fund
Shanxi Meijin Energy (000723.SZ): plans to participate in the establishment of Anhui Jun'an Private Equity Fund Partnership.
On March 10, Glory Financial reported that Shanxi Meijin Energy (000723.SZ) announced that in order to further promote the company's Global Strategy transformation and improve its industrial layout, it has recently partnered with professional strategic partners for their experience and resources to achieve external development. Shanxi Meijin Energy Co., Ltd. has signed with Ningbo Lianchuang Yongjun Private Equity Fund Management Co., Ltd. (referred to as "Lianchuang Yongjun"), Ningbo Shangyi Software Co., Ltd., Shanghai Jiani Jiarui Enterprise Management Consulting Partnership (Limited Partnership), Li Ran, Chongqing Zongshen Investment Co., Ltd., Jiaxing Dongyu Investment Co., Ltd., and Anhui Liangjiang XINXINGCHANYE Private Equity Fund Partnership (Limited Partnership).
Shanxi Meijin Energy (000723.SZ) participates in the public recruitment of investors for the reorganization of Changjiang Pharmaceutical Group.
Shanxi Meijin Energy (000723.SZ) announced that the company and the SiChuan Capital Markets Relief and Development Securities Investment Fund Partnership...
Shanxi Meijin Energy (000723.SZ): The AI model will be gradually applied to relevant modules as part of the system tools.
On March 6, Gelonghui reported that Shanxi Meijin Energy (000723.SZ) indicated on the investor interaction platform that the company is actively communicating and exploring in the fields of digitization, intelligence, and comprehensive energy management with Beyondsoft Corporation. Currently, efforts are being made to advance the construction of a digital park around the Meijin Peking Hydrogen Headquarters base, and collaboration is underway in comprehensive energy management, utilizing Beyondsoft Corporation's systematic and platform-based construction capabilities to control various forms of energy, achieving energy digitization, systematization, and intelligent management. AI models will be gradually applied as part of the system tools in relevant modules to enhance the intelligence of energy management.
Shanxi Meijin EnergyLtd (SZSE:000723 Shareholders Incur Further Losses as Stock Declines 4.8% This Week, Taking Three-year Losses to 72%
Shanxi Meijin Energy Set to Pledge Subsidiary's Equity, Mining Rights to Guarantee Loans
Shanxi Meijin Energy (000723.SZ): The capacitor carbon project is in the trial production phase, and the entire production line has basically been established.
On February 6, Glonghui reported that Shanxi Meijin Energy (000723.SZ) stated on an investor interaction platform that the company will closely monitor changes in the market environment, actively organize production operations, advance the company's Global Strategy layout, promote upgrades in Coal and coking industries, and the construction of Hydrogen Energy projects. At the same time, the company continues to strengthen safety and supervision assessments, deeply implement refined management, maintain stable running of the production system, and support the company's green and low-carbon transformation as well as high-quality, sustainable development. The company's 1000 tons/year starch-based capacitor carbon industrialization project (Phase I) has been completed and is in the trial production stage. The technology of this project belongs to internationally advanced and domestically leading levels.
DeBang Securities: Coal demand is expected to recover, downstream looks for elasticity, upstream looks for dividends.
The dividend value of the Coal Industrial Concept (coal Industry) is expected to be further highlighted, and the numerator and denominator of the DDM model are likely to experience a double hit.
Meijin Energy: 2024 Annual Results Forecast
Shanxi Meijin Energy (000723.SZ): Expected loss of 0.8 billion to -1.15 billion yuan in 2024.
Gelonghui, January 21, Shanxi Meijin Energy (000723.SZ) announced that it is expected to incur a loss of 800 million to -1150 million yuan in 2024, with a non-recurring loss of 850 million to -1200 million yuan. During this reporting period, the company's performance declined mainly due to the overall downward trend in market prices of coal and coke in China, and affected by the downstream steel market industry, the revenue and net income were lower than the same period last year. The company will closely monitor changes in the market environment, actively organize production operations, and, according to the company's global strategy, promote the upgrading of the coal and coke industry and the construction of hydrogen energy projects.
Is Shanxi Meijin EnergyLtd (SZSE:000723) Using Debt In A Risky Way?