Huaibei Mining Shares Hit Record High, Up 4.49% to RMB 18.39
Huaibei Mining shares reached a record high, rising 4.49% to RMB 18.18.39 as of 10:34, Turnover was RMB 312 million, with total market capitalization at RMB 49.529 billion. The coal sector advanced 0.91%, with the stock leading gainers. As of Aug 20, the margin balance stood at RMB 562 million, up 23.09% over 10 days. First-quarter revenue fell 3.80% to RMB 10. 197 billion, and net profit declined 29.00% to RMB 491 million.
Huaibei Mining shares hit a record high, rising 4.49% to to RMB 18.39 as of of 10:34, with volume of 17.3797 million shares and turnover of RMB 312 million, representing a turnover rate of 0.65%. The stock's latest A-share total market capitalization stood at RMB 49.529 billion, with the A-share free-float market capitalization also at RMB 49.529 billion.
The coal sector rose 0.91% overall, with 23 stocks advancing. Leading gainers included Huaibei Mining, Panjiang Co. , and Shanxi Coking Coal, up 4.24%, %3.24%, and 3.15% respectively. Eight stocks declined, with the biggest losers being Baotailong, Dayou Energy, and Liaoning Energy, down 10%, 5.34%, and 2.09% respectively.
Margin trading data showed that as of Aug 20, the stock's margin balance was RMB 562 million, of which financing balance was RMB 550 million, increasing by RMB 103 million over the past 10 days, up 23.09% month-on-month.
The company's first-quarter report showed revenue of RMB 10.197 billion, down 3.80% year-on-year; net profit of RMB 491 million, down 29.00%; basic earnings per share of RMB 0.1800; and weighted average return on equity of 1.18%.