Hong Kong stock movement: Hejia Holdings down 14.08%

Hong Kong Stock Movement

Stocks with High Trading Volume in the Industry

Yankuang Energy rose 4.81%. According to recent important news:

1. On September 16, Yankuang Energy's cooperation agreement with Highland Resources was terminated, leading to increased market concerns about its potash mining layout. After the agreement was terminated, Yankuang Energy stated it would continue to advance the development of its potash project in Canada, causing fluctuations in its stock price.

2. On September 16, Salt Lake Potash decided not to proceed with the subscription transaction with Highland Resources, which the market interpreted as increased uncertainty in potash mining development, affecting Yankuang Energy's stock price.

3. On September 16, the progress of the Laos potash project was slow, impacting market confidence in Chinese enterprises' overseas potash mining development, leading to fluctuations in Yankuang Energy's stock price.

China Shenhua rose 1.27%, with a trading volume of HKD 320 million. According to recent key news:

1. On September 16, China Shenhua announced that its commodity coal production in August was 28.6 million tons, a year-on-year decrease of 0.3%; coal sales volume was 37.5 million tons, a year-on-year decrease of 3.1%. Despite the decline in production and sales, the company's stock price rose, indicating market confidence in its long-term prospects.

2. On September 16, BOC International released a research report maintaining a "Hold" rating on China Shenhua and raised the target price to HKD 39.48, reflecting market recognition of its earnings resilience.

3. On September 16, a research report from China Merchants Securities pointed out that China Shenhua's net profit attributable to shareholders in the first half of the year decreased by 12.0% year-on-year, but the company insisted on a high dividend payout ratio, demonstrating its willingness to return to investors. The valuation level of the coal industry lacks attractiveness, maintaining a neutral rating.

China Coal Energy rose 3.89%. According to recent important news:

1. On September 19, coal stocks surged in the morning, with China Coal Energy rising 4.41%. Data from the National Bureau of Statistics showed that the output of raw coal in large-scale industrial enterprises in August decreased by 3.2% year-on-year, but the annual output of thermal coal is still expected to grow. This news drove up coal stocks. Source: Zhitong Finance

2. On September 16, the National Energy Group strengthened cooperation with the Shaanxi provincial government to promote green and low-carbon development. This move aims to ensure national energy security and promote international cooperation in the coal industry chain. Source: Zhitong Finance

3. On September 17, the capacity replacement index policy may lead to production cuts, as the state reduces some capacity replacement indicators by establishing a coal production capacity reserve system. This policy may affect coal companies' future output. The coal sector is under pressure, and allocation opportunities are emerging